REPURCHASE OF HELEN OF TROY COMMON STOCK

12 Months Ended

Feb. 28, 2013

REPURCHASE OF HELEN OF TROY COMMON STOCK

REPURCHASE OF HELEN OF TROY COMMON STOCK

NOTE 14 – REPURCHASE OF HELEN OF TROY COMMON STOCK

As of February 28, 2013, we are authorized by our Board of Directors to purchase up to 2,957,802 shares of common stock in the open market or through private transactions. Our current equity compensation plans include provisions that allow for the “net exercise” of stock options by all plan participants. In a net exercise, any required payroll taxes, federal withholding taxes and exercise price of the shares due from the option holder can be paid for by having the option holder tender back to the Company a number of shares at fair value equal to the amounts due.  Net exercises are accounted for by the Company as a purchase and retirement of shares.

For the periods covered in the accompanying consolidated financial statements, open market repurchase activity and common stock option exercises resulted in the following share repurchases:

SHARE REPURCHASES

	Fiscal Years Ended
	2013		2012		2011
Common stock repurchased on the open market
Number of shares	61,426		-		80,000
Aggregate market value of shares (in thousands)	$	1,759	$	-	$	1,799
Average price per share	$	28.64	$	-	$	22.49
Common stock received from stock option exercises
Number of shares	49,126		1,124,563		7,733
Aggregate market value of shares (in thousands)	$	1,627	$	40,047	$	226
Average price per share	$	33.12	$	35.61	$	29.22

During fiscal year 2012, our CEO tendered 1,016,227 shares of common stock having a market value of $36.52 million, or $35.93 per share, as payment for the exercise price and related federal tax obligations arising from the exercise of stock options to purchase 1,625,000 shares of common stock.  The shares tendered as part of this transaction are included as fiscal year 2012 common stock repurchase activity in the preceding table.