Blizzard 2009 Annual Report Download - page 99
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thetermsoftheBusinessCombinationagreementimmediatelypriortothecloseoftheBusiness
Combination.
StockSplits
InJuly2008,theBoardofDirectorsapprovedatwoforonesplitofouroutstandingcommon
stockeffectedintheformofastockdividend(“thesplit”).ThesplitwaspaidSeptember5,2008to
shareholdersofrecordasofAugust25,2008.Theparvalueofourcommonstockwasmaintainedatthe
presplitamountof$.000001pershare.TheConsolidatedFinancialStatementsandNotesthereto,
includingallshareandpersharedata,havebeenrestatedasifthesplithadoccurredasoftheearliestperiod
presented.
IssuerRepurchaseofEquitySecurities(amountsinmillions,exceptnumberofsharesandpersharedata)
Thefollowingtableprovidesthenumberofsharesrepurchasedandaveragepricepaidpershare
duringeachquarterfortheyearendedDecember31,2009,andtheapproximatedollarvalueofsharesthat
mayyetbepurchasedunderour$1.25billionstockrepurchaseprogramasofDecember31,2009.
Period
Totalnumber
ofshares
repurchased(1)
Average
pricepaid
pershare
Totalnumberof
sharespurchasedas
part
ofpublicly
announced
plansorprograms
Approximatedollar
valueofsharesthat
may
yetbepurchased
undertheplan
(inmillions)
January1,2009—March31,2009................
31,877,760
$9.82
31,877,760
$561
April1,2009—June30,2009.......................
19,371,247
11.85
19,371,247
332
July1,2009—September30,2009...............
24,585,978
11.85
24,585,978
290
October1,2009—October31,2009.............
—
—
—
—
November1,2009—November30,
2009...........................................................
4,400,900
11.43
4,400,900
240
December1,2009—December31,
2009...........................................................
20,483,348
10.98
20,483,348
15
Total..............................................................
100,719,233
$11.01
100,719,233
(1) Allpurchasesweremadepursuanttoastockrepurchaseprogram,announcedonNovember5,
2008,authorizedbyourBoardofDirectorspursuanttowhichwewereoriginallyauthorizedto
repurchaseupto$1billionofourcommonstock.OnJuly31,2009,ourBoardofDirectors
authorizedanincreaseof$250milliontothestockrepurchaseprogrambringingthetotal
authorizationto$1.25billion.
Inadditiontotherepurchasesintheabovetable,wehadagreedtorepurchaseapproximately
1.3millionsharesofourcommonstockatanaveragepricepershareof$11.32foravalueof$15million
thathadnotyetsettledatDecember31,2009.Thiscompletedthe$1.25billionstockrepurchaseprogram.
OnFebruary10,2010,weannouncedthatourBoardofDirectorsauthorizedanewstock
repurchaseprogramunderwhichwemayrepurchaseupto$1billionofourcommonstockontermsand
conditionstobedeterminedbytheCompanyuntiltheearlierofDecember31,2010oradeterminationby
theBoardofDirectorstodiscontinuetherepurchaseprogram.