Sec Form 4 Filing - KASBAR MICHAEL J @ WORLD FUEL SERVICES CORP - 2013-03-14

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
KASBAR MICHAEL J
2. Issuer Name and Ticker or Trading Symbol
WORLD FUEL SERVICES CORP [ INT]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
CEO and President
(Last) (First) (Middle)
C/O WORLD FUEL SERVICES CORPORATION, 9800 N.W. 41ST STREET, SUITE 400
3. Date of Earliest Transaction (MM/DD/YY)
03/14/2013
(Street)
MIAMI, FL33178
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 03/14/2013 M 100,000 A $ 15.575 1,214,060 D
Common Stock 03/14/2013 F 61,737 ( 1 ) D $ 38.28 ( 2 ) 1,152,323 D
Common Stock 03/14/2013 S( 4 ) 30,400 D $ 38.5941 ( 5 ) 1,121,923 D
Common Stock 03/15/2013 S( 4 ) 7,863 D $ 39.0059 ( 6 ) 1,114,060 D
Common Stock 03/15/2013 F 5,801 ( 7 ) D $ 39.58 ( 8 ) 1,108,259 D
Common Stock 03/15/2013 F 11,251 ( 9 ) D $ 39.58 ( 8 ) 1,097,008 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock-Settled Stock Appreciation Right $ 15.575 ( 3 ) 03/14/2013 M 100,000 ( 3 ) 03/15/2011 03/15/2013 Common Stock 100,000 $ 0 0 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
KASBAR MICHAEL J
C/O WORLD FUEL SERVICES CORPORATION
9800 N.W. 41ST STREET, SUITE 400
MIAMI, FL33178
X CEO and President
Signatures
/s/ Michael J. Kasbar 03/18/2013
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Includes shares withheld by the issuer to pay the applicable taxes for the stock-settled stock appreciation rights ("SSARs") conversion reported in Table II of this Form 4.
( 2 )The number shown is the fair market price for the issuer's common stock at the time of conversion of the SSARs.
( 3 )These SSARs were previously reported as covering 50,000 shares at a conversion price of $31.15 per share, but were adjusted to reflect the stock split on December 7, 2009.
( 4 )The sales reported in this Form 4 were effected pursuant to a pre-arranged, non-discretionary trading plan adopted by the reporting person on December 14, 2012 in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934.
( 5 )The price represents the weighted average sale price for multiple transactions reported on this line. The prices of the transactions ranged from $38.18 to $38.82, inclusive. The reporting person undertakes to provide the issuer and will provide any security holder of the issuer or the SEC staff, upon request, information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (5) and (6) to this Form 4.
( 6 )The price represents the weighted average sale price for multiple transactions reported on this line. The prices of the transactions ranged from $38.72 to $39.27, inclusive.
( 7 )13,827 shares of restricted stock held by the reporting person vested on March 15, 2013. The issuer withheld a sufficient number of shares to cover the reporting person's tax liability associated with these shares of restricted stock.
( 8 )The price shown is the closing price for the issuer's common stock on the NYSE on March 15, 2013.
( 9 )26,818 restricted stock units held by the reporting person vested on March 15, 2013. The issuer withheld a sufficient number of shares to cover the reporting person's tax liability associated with these restricted stock units.

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