AIG 2005 Annual Report Download - page 75

AMERICAN INTERNATIONAL GROUP, INC. AND SUBSIDIARIES
Part II
See Note 11(a) of Notes to Financial Consolidated Statements
ITEM 5.
for a discussion of certain restrictions on the payment of
Market for the Registrant’s Common Equity, Related
dividends to AIG by some of its insurance subsidiaries.
Stockholder Matters and Issuer Purchases of Equity
Securities (c) The approximate number of holders of common stock as of
January 31, 2006, based upon the number of record
(a) AIG’s common stock is listed in the U.S. on the holders, was 56,000.
New York Stock Exchange, as well as the stock exchanges
in London, Paris, Switzerland and Tokyo. (d) The following table summarizes AIG’s stock repurchases
for the three month period ended December 31, 2005:
The table below shows the high and low closing sales prices
per share of AIG’s common stock on the New York Stock Maximum
Exchange Composite Tape, for each quarter of 2005 and Number of
Total Shares
2004. Number of that May
Shares Yet Be
2005 2004 Purchased Purchased
Average as Part of Under the
High Low High Low
Price Publicly Plans or
First quarter $73.46 $54.18 $75.12 $66.79 Total Number Paid Announced Programs
Second quarter 58.94 49.91 76.77 69.39 of Shares per Plans or at End of
Period Purchased(a)(b) Share Programs Month(b)
Third quarter 63.73 56.00 72.66 66.48
Fourth quarter 64.40 60.43 68.72 54.70 October 1 - 31, 2005 – $ – – 36,542,700
November 1 - 30, 2005 – – – 36,542,700
(b) In 2005, AIG paid a quarterly dividend of 12.5 cents in December 1 - 31, 2005 – – – 36,542,700
March and June and 15.0 cents in September and Total – $ – –
December for a total cash payment of 55.0 cents per share (a) Does not include 76,829 shares delivered or attested to in satisfaction of
of common stock. In 2004, AIG paid a quarterly dividend the exercise price by holders of AIG employee stock options exercised
of 6.5 cents in March and June and 7.5 cents in during the three months ended December 31, 2005.
September and December for a total cash payment of (b) On July 19, 2002, AIG announced that its Board of Directors had
authorized the open market purchase of up to 10 million shares of
28.0 cents per share of common stock. Subject to the common stock. On February 13, 2003, AIG announced that the Board
dividend preference of any of AIG’s serial preferred stock had expanded the existing program through the authorization of an
which may be outstanding, the holders of shares of additional 50 million shares. The purchase program has no set expiration
common stock are entitled to receive such dividends as or termination date.
may be declared by the Board of Directors from funds
legally available therefor.
AIG m Form 10-K 23