WORLD KINECT CORP — Director's Dealing 2011

Nov 8, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: WORLD FUEL SERVICES CORP (INT)
CIK: 0000789460
Period of Report: 2011-11-04

Reporting Person: NOBEL PAUL (Senior VP & CAO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-11-04	Common Stock	M	5714	$12.98	Acquired	27792	Direct
2011-11-04	Common Stock	D	2835	$41.25	Disposed	24957	Direct
2011-11-04	Common Stock	S	4879	$41.25	Disposed	20078	Direct
2011-11-07	Common Stock	S	2802	$41.25	Disposed	17276	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-11-04	Stock-Settled Stock Appreciation Right	$12.98	M	5714	Disposed	2016-03-15	Common Stock (5714)	Direct

Footnotes

F1: Includes shares withheld by the issuer to pay the applicable taxes for the SSAR conversion reported in Table II of this Form 4.

F2: The number shown is the fair market price for the issuer's common stock at the time of conversion of the stock-settled stock appreciation rights.

F3: These SSARs were previously reported as covering 2,857 shares at a conversion price of $25.96 per share, but were adjusted to reflect the stock split on December 7, 2009.

F4: These SSARs were granted to the reporting person, without payment therefor, as compensation.