Citibank 2011 Annual Report Download - page 312

290
UNREGISTERED SALES OF EQUITY; PURCHASES OF EQUITY SECURITIES; DIVIDENDS
Unregistered Sales of Equity Securities
None.
Share Repurchases
Under its long-standing repurchase program, Citigroup may buy back common shares in the market or otherwise from time to time. This program is used for
many purposes, including offsetting dilution from stock-based compensation programs.
The following table summarizes Citigroup’s share repurchases during 2011:
In millions, except per share amounts
Total shares
purchased (1)
Average
price paid
per share
Approximate dollar
value of shares that
may yet be purchased
under the plan or
programs
First quarter 2011
/PENæMARKETæREPURCHASESæ — $ — $ 6,731
%MPLOYEEæTRANSACTIONSæ 1.1 48.07 N/A
Total first quarter 2011 1.1 $ 48.07 $ 6,731
Second quarter 2011
/PENæMARKETæREPURCHASESæ — $ — $ 6,731
%MPLOYEEæTRANSACTIONSæ 0.1 41.58 N/A
Total second quarter 2011 0.1 $ 41.58 $ 6,731
Third quarter 2011
/PENæMARKETæREPURCHASESæ — $ — $ 6,731
%MPLOYEEæTRANSACTIONSæ 0.1 31.69 N/A
Total third quarter 2011 0.1 $ 31.69 $ 6,730
October 2011
/PENæMARKETæREPURCHASESæ — $ — $ 6,730
%MPLOYEEæTRANSACTIONSæ — — N/A
November 2011
/PENæMARKETæREPURCHASESæ — $ — $ 6,730
%MPLOYEEæTRANSACTIONSæ — — N/A
December 2011
/PENæMARKETæREPURCHASESæ — $ — $ 6,730
%MPLOYEEæTRANSACTIONSæ — — N/A
Fourth quarter 2011
/PENæMARKETæREPURCHASESæ — $ — $ 6,730
%MPLOYEEæTRANSACTIONSæ — — N/A
Total fourth quarter 2011 — $ — $ 6,730
Year-to-date 2011
/PENæMARKETæREPURCHASESæ — $ — $ 6,730
%MPLOYEEæTRANSACTIONSæ 1.3 45.98 N/A
Total year-to-date 2011 1.3 $ 45.98 $ 6,730
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For so long as the U.S. government continues to hold any Citigroup trust
preferred securities acquired pursuant to the exchange offers consummated
in 2009, Citigroup is, subject to certain exemptions, generally restricted from
redeeming or repurchasing any of its equity or trust preferred securities, or
paying regular cash dividends in excess of $0.01 per share of common stock
per quarter, which restriction may be waived.