Discover 2009 Annual Report Download - page 54

Issuer Purchases of Equity Securities
The table below sets forth the information with respect to purchases of our common stock made by us or on our behalf
during the fourth quarter of our year ended November 30, 2009:
Period
Total
Number of
Shares
Purchased(2)
Average
Price Paid
per Share
Total Number
of Shares
Purchased as
Part of Publicly
Announced
Plans or
Programs(1)
Maximum Dollar
Value of Shares that
May Yet Be
Purchased Under the
Plans or Programs
September 1 – 30, 2009
Repurchase program(1) .................................................................................... — $ — — $1 billion
Employee transactions(2) .................................................................................. 16,146 $11.37 N/A N/A
October 1 – 31, 2009
Repurchase program(1) .................................................................................... — $ — — $ 1billion
Employee transactions(2) .................................................................................. — $ — N/A N/A
November 1 – 30, 2009
Repurchase program(1) .................................................................................... — $ — — $ 1billion
Employee transactions(2) .................................................................................. 54,357 $15.69 N/A N/A
Total
Repurchase program(1) .................................................................................... — $ — — $ 1billion
Employee transactions(2) .................................................................................. 70,503 $14.70 N/A N/A
(1) On December 3, 2007, we announced that our board of directors authorized the repurchase of up to $1 billion of our outstanding stock under a new share repurchase program. This share
repurchase program expires on November 30, 2010, and may be terminated at any time. At November 30, 2009, we had not repurchased any stock under this program. Under the terms of our
participation in the U.S. Treasury’s Capital Purchase Program, we are generally prohibited from repurchasing our common stock until March 2012, as more fully described in “Management’s
Discussion and Analysis of Financial Condition and Results of Operations – Liquidity and Capital Resources – Stock Repurchase Program.”
(2) Reflects shares withheld (under the terms of grants under employee stock compensation plans) to offset tax withholding obligations that occur upon the delivery of outstanding shares underlying
restricted stock units or upon the exercise of stock options.
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