Dollar General 2011 Annual Report Download - page 125

10-K
our ability to pay dividends is limited by covenants in our Credit Facilities and in the indenture
governing our outstanding 11.875%/12.625% senior subordinated toggle notes due 2017 (the ‘‘Senior
Subordinated Notes’’ or the ‘‘Notes’’). See ‘‘Liquidity and Capital Resources’’ in the Management’s
Discussion and Analysis of Financial Condition and Results of Operations section of this report for a
description of restrictions on our ability to pay dividends.
Issuer Purchases of Equity Securities
The following table contains information regarding purchases of our common stock made during
the quarter ended February 3, 2012 by or on behalf of Dollar General or any ‘‘affiliated purchaser,’’ as
defined by Rule 10b-18(a)(3) of the Securities Exchange Act of 1934:
Approximate
Total Number Dollar Value
of Shares Purchased of Shares that May
Total Number Average as Part of Publicly Yet Be Purchased
of Shares Price Paid Announced Plans or Under the Plans
Period Purchased per Share Programs(b) or Programs(b)
10/29/11 - 11/30/11 ................. 37,460(a) $39.90 — $500,000,000
12/01/11 - 12/31/11 ................. 4,915,637 $37.64 4,915,637 $315,000,000
01/01/12 - 02/03/12 ................. — $ — — $315,000,000
Total ........................... 4,953,097 $37.65 4,915,637 $315,000,000
(a) Represents shares repurchased from employees pursuant to the terms of management stockholder’s
agreements.
(b) On November 30, 2011 our Board of Directors approved a share repurchase program of up to
$500 million of outstanding shares of our common stock. Under the authorization, purchases may
be made in the open market or in privately negotiated transactions from time to time subject to
market conditions. This repurchase authorization has no expiration date.
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