Cigna 2010 Annual Report Download - page 51

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CIGNA CORPORATION2010 Form 10K 31
PART II
ITEM 5 Market for registrant’s common equity, related stockholder matters and issuer purchases of equity securities
PART II
ITEM 5 Market for registrant’s common equity, related
stockholder matters and issuer purchases
of equity securities
e information under the caption “Quarterly Financial Data — Stock and Dividend Data” appears on page 126 and the number of shareholders
of record as of December 31, 2010 appears under the caption “Highlights” on page 32 of this Form 10-K. CIGNA’s common stock is listed with,
and trades on, the New York Stock Exchange under the symbol “CI”.
Issuer Purchases of Equity Securities
e following table provides information about CIGNA’s share repurchase activity for the quarter ended December 31, 2010:
ISSUER PURCHASES OF EQUITY SECURITIES
Period Total # of shares
purchased
(1)
Average price
paid per share Total # of shares purchased as part
ofpublicly announced program
(2)
Approximate dollar value of shares
that may yet be purchased as part
ofpublicly announced program
(3)
October 1-31, 2010 224 $ 36.15 0 $ 247,329,268
November 1-30, 2010 2,391 $ 37.32 0 $ 247,329,268
December 1-31, 2010 598 $ 37.32 0 $ 247,329,268
TOTAL 3,213 $ 37.24 0 N/A
(1) Includes shares tendered by employees as payment of taxes withheld on the exercise of stock options and the vesting of restricted stock granted under the Company’s equity compensation
plans. Employees tendered 224 shares in October, 2,391 shares in November, and 598 shares in December.
(2) CIGNA has had a repurchase program for many years, and has had varying levels of repurchase authority and activity under this program. The program has no expiration date.
CIGNA suspends activity under this program from time to time, generally without public announcement. Through February 25, 2011, the Company had repurchased approximately
1.8 million shares for approximately $73 million. On February 23, 2011, the Board of Directors increased share repurchase authority by $500 million. Remaining authorization
under the program was $247 million as of December 31, 2010 and $674 million as of February 25, 2011.
(3) Approximate dollar value of shares is as of the last date of the applicable month.