ADP 2011 Annual Report Download - page 11

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Issuer Purchases of Equity Securities
There is no expiration date for the common stock repurchase plan.
11
(a)
(b)
(c)
(d)
Total Number
Maximum
of Shares
Number of Shares
Purchased as Part
that may yet be
of the Publicly
Purchased under
Announced
the Common
Total Number of
Average Price
Common Stock
Stock Repurchase
Period
Shares Purchased (1)
Paid per Share
Repurchase Plan (2)
Plan (2)
April 1, 2011 to
9,170
$54.32
--
24,959,451
April 30, 2011
May 1, 2011 to
6,400,565
$53.93
6,400,000
18,559,451
May 31, 2011
June 1, 2011 to
4,000,152
$53.22
4,000,000
49,559,451
June 30, 2011
Total
10,409,887
10,400,000
(1)
Pursuant to the terms of the Company
’
s restricted stock program, the Company purchased 9,170 shares during April 2011, 565
shares during May 2011, and 152 shares during June 2011, at the then market value of the shares in connection with the
exercise by employees of their option under such program to satisfy certain tax withholding requirements through the delivery
of shares to the Company instead of cash.
(2)
The Company received the Board of Directors
’
approval to repurchase shares of the Company
’
s common stock as follows:
Date of Approval
Shares
March 2001
50 million
November 2002
35 million
November 2005
50 million
August 2006
50 million
August 2008
50 million
June 2011
35 million