Discover 2011 Annual Report Download - page 52
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40
Issuer Purchases of Equity Securities
The table below sets forth information regarding purchases of our common stock related to our share repurchase program
and employee transactions that were made by us or on our behalf during the three months ended November 30, 2011.
Period
September 1- 30, 2011
Repurchase program (1)
Employee transactions (2)
October 1 - 31, 2011
Repurchase program (1)
Employee transactions (2)
November 1 - 30, 2011
Repurchase program (1)
Employee transactions (2)
Total
Repurchase program (1)
Employee transactions (2)
Total
Number of
Shares
Purchased
3,216,673
658
6,421,601
—
—
321
9,638,274
979
Average
Price Paid
Per Share
$ 24.09
$ 25.14
$ 23.28
$—
$—
$ 24.61
$ 23.55
$ 24.97
Total
Number of
Shares
Purchased
as Part of
Publicly
Announced
Plan or
Program(1)
3,216,673
N/A
6,421,601
N/A
—
N/A
9,638,274
N/A
Maximum
Dollar Value of
Shares that may
yet be
purchased
under the Plan
or Programs (1)
$ 724,840,266
N/A
$ 575,325,815
N/A
$ 575,325,815
N/A
$ 575,325,815
N/A
(1) On June 15, 2011, our board of directors approved and we announced a share repurchase program authorizing the repurchase of up to $1 billion of our
outstanding shares of common stock. This share repurchase program expires on June 14, 2013 and may be terminated at any time.
(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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