ADT 2008 Annual Report Download - page 139

events, including a change of control. The shares granted under the LTIP II will be issued at vesting under the 2004 Stock
and Incentive Plan.
(5) The Tyco International Ltd. UK Savings Related Share Option Plan (‘‘SAYE’’) is a UK Inland Revenue approved plan for
UK employees pursuant to which employees may be granted options to purchase shares at the end of three years of service
at a 15% discount off the market price at time of grant. Employees make monthly contributions that are, at the election of
the employee, used for the purchase price or returned to the employee. The total amount of shares that may be purchased
at the end of the three years of service is equal to the total of the monthly contributions, plus a tax-free bonus amount
equal to a multiple of the aggregate amount of monthly contributions, divided by the option price. An option will generally
be exercisable only during the period of six months following the three-year period. The plan is administered by the
Company’s International Benefits Oversight Committee, appointed by the Compensation and Human Resources Committee.
The International Benefits Oversight Committee, among other things, determines when to grant options and sets the option
price.
Issuer Purchases of Equity Securities
Maximum Approximate
Total Number of Dollar Value of
Average Shares Purchased as Shares that May Yet Be
Total Number Price Part of Publicly Purchased Under
of Shares Paid per Announced Plans or Publicly Announced
Period Purchased Share Programs Plans or Programs
6/28/08–7/25/08 .................. 4,783,871 $39.76 4,779,281 —
7/26/08–8/29/08 .................. — — — —
8/30/08–9/26/08 .................. 2,519,000 $39.68 2,519,000 $900,000,000
The transactions described in the table above primarily represent the repurchase of common shares
on the NYSE as part of the $1.0 billion share repurchase program approved by the Board of Directors
in September 2007 (2007 Share Repurchase Program) along with the additional $1.0 billion program
approved in July 2008 (2008 Share Repurchase Program). The average price paid per share is
calculated by dividing the total cash paid for the shares by the total number of shares repurchased.
Approximately $900 million remained outstanding under the 2008 Share Repurchase Program at
September 26, 2008. The Company, through an affiliate, also acquires shares from certain employees in
order to satisfy employee tax withholding requirements in connection with the vesting of restricted
shares. Approximately 4,590 shares were acquired in these vesting-related transactions outside of the
share repurchase program during the quarter ended September 26, 2008.
36 2008 Financials