Baker Hughes 2004 Annual Report Download - page 65
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Please find page 65 of the 2004 Baker Hughes annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.IssuerPurchasesofEquitySecurities
MaximumNumber
TotalNumber (orApproximate
ofShares DollarValue)of
TotalNumber Average Purchasedas SharesthatMay
ofShares PricePaid PartofaPublicly YetBePurchased
Period Purchased(1) perShare(1) AnnouncedPlan(2,3) UnderthePlan(2,3)
October1–31,2004 – $ – – –
November1–30,2004 – – – –
December1–31,2004 32,868 43.91 – –
Total 32,868 $ 43.91 – –
(1) Representssharespurchasedfromemployeestopaytheoptionexercisepricerelatedtostock-for-stockexchangesinoptionexercisesunderemployeebenefitplans.
(2) OnSeptember10,2002,weannouncedaplantorepurchasefromtimetotimeupto$275millionofouroutstandingcommonstock.Noshareswererepurchasedin
2004undertheplan.Theplanhasnoexpirationdate,butmaybeterminatedbytheBoardofDirectorsatanytime.Undertheplan,wehaveauthorizationremaining
torepurchaseupto$44.5millionincommonstock.
(3) OnSeptember3,2004,weannouncedthecommencementofavoluntarysaleprogram(alsoknownasanodd-lotprogram)forstockholdersowningfewerthan
100sharesofourcommonstock.Thesharesweresoldontheopenmarketbytheprogram’sadministrator,MellonInvestorServicesLLC.Theprogramwasnot
conditionedonreceiptofaminimumnumberoftendersandexpiredonNovember5,2004.
PARTII
ITEM5.MARKETFORREGISTRANT’SCOMMONEQUITY,RELATEDSTOCKHOLDERMATTERSANDISSUER
PURCHASESOFEQUITYSECURITIES
OurCommonStock,$1.00parvaluepershare(the“CommonStock”),isprincipallytradedontheNewYorkStockExchange.
OurCommonStockisalsotradedonthePacificExchangeandtheSWXSwissExchange.AsofFebruary25,2005,therewere
approximately62,700stockholdersandapproximately17,300stockholdersofrecord.
ForinformationregardingquarterlyhighandlowsalespricesontheNewYorkStockExchangeforourCommonStockduring
thetwoyearsendedDecember31,2004andinformationregardingdividendsdeclaredonourCommonStockduringthetwoyears
endedDecember31,2004seeNote18oftheNotestoConsolidatedFinancialStatementsinItem8herein.
Thefollowingtablecontainsinformationaboutourpurchasesofequitysecuritiesduringthefourthquarterof2004.
2004Form10-K15