Citibank 2013 Annual Report Download - page 335

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UNREGISTERED SALES OF EQUITY, PURCHASES OF EQUITY SECURITIES, DIVIDENDS
Unregistered Sales of Equity Securities
None.
Equity Security Repurchases
The following table summarizes Citigroup’s equity security repurchases, which consisted entirely of common stock repurchases, during the three months ended
December 31, 2013:
In millions, except per share amounts
Total shares
purchased
Average
price paid
per share
Approximate dollar
value of shares that
may yet be purchased
under the plan or
programs
October 2013
Open market repurchases (1) 3.0 $ 48.58 $435
Employee transactions (2) — — N/A
November 2013
Open market repurchases (1) 0.1 48.71 432
Employee transactions (2) — — N/A
December 2013
Open market repurchases (1) 1.3 51.70 363
Employee transactions (2) — — N/A
Total 4.4 $ 49.52 $363
(1) Represents repurchases under the $1.2 billion 2013 common stock repurchase program (2013 Repurchase Program) that was approved by Citigroup’s Board of Directors and announced on April 25, 2013, which was
part of the planned capital actions included by Citi in its 2013 Comprehensive Capital and Analysis Review. Shares repurchased under the 2013 Repurchase Program are treasury stock.
(2) Consisted of shares added to treasury stock related to (i) certain activity on employee stock option program exercises where the employee delivers existing shares to cover the option exercise, or (ii) under Citi’s
employee restricted stock program where certain shares are withheld to satisfy tax requirements.
N/A Not applicable
Dividends
Any dividend on Citi’s outstanding common stock would also be subject
to regulatory approval and need to be made in compliance with Citi’s
obligations to its outstanding preferred stock.