Amgen 2010 Annual Report Download - page 80

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Stock repurchase program
Repurchases under our stock repurchase program reflect, in part, our confidence in the long-term value of our
common stock. Additionally, we believe it is an effective way of returning cash to our stockholders. The manner of
purchases, the amount we spend and the number of shares repurchased will vary based on a number of factors
including stock price, blackout periods in which we are restricted from repurchasing shares, and the impact of
repurchases on our credit rating and may include private block purchases as well as market transactions.
During the three months ended December 31, 2010, we had one outstanding stock repurchase program. A
summary of our repurchase activity for the three months ended December 31, 2010 is as follows:
Total
number
of shares
purchased
Average
price paid
per share
Total number
of shares
purchased as
part of
publicly
announced
program
Maximum $
value that may
yet be purchased
under the
program
(1)
October ............................ 7,822,000 $ 56.42 7,822,000 $ 2,858,007,633
November .......................... 8,900,000 55.34 8,900,000 2,365,472,020
December .......................... 3,725,580 54.23 3,725,580 2,163,426,209
20,447,580 55.55 20,447,580
(1) In December 2009, the Board of Directors authorized us to repurchase up to an additional $5.0 billion of
common stock.
64