Comcast 2014 Annual Report Download - page 47

Table of Contents
The table below summarizes our repurchases under our Board-
authorized share repurchase program during 2014. Under our share
repurchase program, our Board gives management discretion to purchase either Class A or Class A Special common stock. The
number of shares of each class of common stock we repurchase under our share repurchase program will depend upon prevailing
market conditions, including price and trading volume differentials between the two classes of common stock.
The total number of shares purchased during the first quarter of 2014 includes 126,302 shares received in the administration of
employee share-based compensation plans.
In February 2015, our Board of Directors increased our share repurchase program authorization to $10 billion, which does not have
an expiration date. Under this authorization, we may repurchase shares in the open market or in private transactions. We expect to
repurchase $4.25 billion of shares during 2015, including the remaining $1.25 billion of additional shares we committed to
repurchase in connection with the Time Warner Cable merger, subject to market conditions. Additional share repurchases above
the $4.25 billion commitment in 2015 will be determined following the close of the Time Warner Cable merger and the related
divestiture transactions with Charter.
Period
Total Number of
Shares
Purchased
Average
Price Per
Share
Total Number of
Shares
Purchased as
Part of Publicly
Announced
Authorization
Total Dollar
Amount
Purchased Under the
Authorization
Maximum Dollar
Value of Shares That
May Yet Be Purchased
Under the
Authorization
First Quarter 2014
Comcast Class A
—
$
—
—
$
—
$
7,500,000,000
Comcast Class A Special
15,091,711
$
50.13
14,965,409
$
750,000,000
$
6,750,000,000
Second Quarter 2014
Comcast Class A
—
$
—
—
$
—
$
6,750,000,000
Comcast Class A Special
14,982,553
$
50.06
14,982,553
$
750,000,000
$
6,000,000,000
Third Quarter 2014
Comcast Class A
1,277,550
$
55.40
1,277,550
$
70,770,180
$
5,929,229,820
Comcast Class A Special
12,598,050
$
53.92
12,598,050
$
679,245,283
$
5,249,984,537
October 1-31, 2014
Comcast Class A —
$
—
—
$
—
$
5,249,984,537
Comcast Class A Special
1,317,975
$
53.68
1,317,975
$
70,754,717
$
5,179,229,820
November 1-30, 2014
Comcast Class A —
$
—
—
$
—
$
5,179,229,820
Comcast Class A Special —
$
—
—
$
—
$
5,179,229,820
December 1-31, 2014
Comcast Class A
20,770,458
$
54.40
20,770,458
$
1,130,000,000
$
4,049,229,820
Comcast Class A Special
14,681,356
$
54.49
14,681,356
$
800,000,000
$
3,249,229,820
Total
80,719,653
$
52.74
80,593,351
$
4,250,770,180
$
3,249,229,820
(a)
In January 2014, our Board of Directors increased our share repurchase program authorization to $7.5 billion. The authorization allows us to repurchase shares in the
open market or in private transactions and does not have an expiration date. The shares repurchased in the table above include $1.25 billion of the additional $2.5 billion
of shares we committed to repurchase following shareholder approval for the Time Warner Cable merger. We intend to repurchase the remaining $1.25 billion of shares in
2015 through the close of the Time Warner Cable merger, subject to market conditions.
Comcast 2014 Annual Report on Form 10
-
K
42
(a)