Cigna 2013 Annual Report Download - page 60
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PART II
ITEM 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
PART II
Market for Registrant’s Common Equity, Related
Stockholder Matters and Issuer Purchases of
Equity Securities
The information under the caption ‘‘Quarterly Financial Data – Stock caption ‘‘Highlights’’ on page 30 of this Form 10-K. Cigna’s common
and Dividend Data’’ appears on page 114 and the number of stock is listed with, and trades on, the New York Stock Exchange
shareholders of record as of December 31, 2013 appears under the under the symbol ‘‘CI’’.
Issuer Purchases of Equity Securities
The following table provides information about Cigna’s share repurchase activity for the quarter ended December 31, 2013:
Approximate dollar value of shares
Total # of shares Average price paid Total # of shares purchased as part of that may yet be purchased as part
Period purchased
(1)
per share publicly announced program
(2)
of publicly announced program
(3)
October 1-31, 2013 1,793,791 $ 78.17 1,792,625 $ 311,869,667
November 1-30, 2013 22,465 $ 79.68 – $ 311,869,667
December 1-31, 2013 1,241 $ 87.11 – $ 811,869,667
Total 1,817,497 $ 78.20 1,792,625 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 1,166 shares in October, 22,465 in November and 1,241 shares in December 2013.
(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 and also removes such suspensions, generally without public announcement. In 2013, the Company repurchased 13.6 million shares for
approximately $1.0 billion. Remaining authorization under the program was approximately $812 million as of December 31, 2013. The Company’s Board of Directors increased share
repurchase authority by $500 million on February 26, 2014. From January 1, 2014 through February 26, 2014, the Company repurchased 5.0 million shares for approximately
$411 million. Remaining authorization under the program was approximately $901 million as of February 26, 2014.
(3) Approximate dollar value of shares is as of the last date of the applicable month.
28 CIGNA CORPORATION - 2013 Form 10-K
ITEM 5.