HP 2005 Annual Report Download - page 34

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PART II
ITEM 5. Market for the Registrant’s Common Equity, Related Stockholder Matters and Issuer
Purchases of Equity Securities.
Information regarding the market prices of HP common stock and the markets for that stock may
be found in the ‘‘Quarterly Summary’’ in Item 8 and on the cover page of this Form 10-K, respectively,
which are incorporated herein by reference. We have paid cash dividends each fiscal year since 1965.
The current rate is $0.08 per share per quarter. As of November 30, 2005, there were approximately
159,834 stockholders of record. Additional information concerning dividends may be found in ‘‘Selected
Financial Data’’ in Item 6 and in Item 8, which are incorporated herein by reference.
Recent Sales of Unregistered Securities
There were no unregistered sales of equity securities during the fourth quarter of fiscal 2005. HP
previously reported sales of unregistered HP common stock during the 2005 fiscal year in HP’s
Quarterly Reports on Form 10-Q. The foregoing sales were exempt from registration under the
Securities Act of 1933, as amended, pursuant to Section 4(2) thereof, on the basis that the transactions
did not involve a public offering.
Issuer Purchases of Equity Securities
Total Number of
Shares Purchased as Approximate Dollar Value of
Total Number Average Part of Publicly Shares that May Yet Be
of Shares Price Paid Announced Purchased under the
Period Purchased per Share Plans or Programs Plans or Programs
Month #1
(August 2005) ............. 14,124,000 $25.26 14,124,000 $4,423,749,489
Month #2
(September 2005) .......... 19,563,056 $27.95 19,563,056 $3,877,018,134
Month #3
(October 2005) ............ 17,840,000 $27.80 17,840,000 $3,381,042,942
Total ..................... 51,527,056 $27.16 51,527,056
HP repurchased shares in the fourth quarter of fiscal 2005 under an ongoing program to manage
the dilution created by shares issued under employee stock plans as well as to repurchase shares
opportunistically. This program, which does not have a specific expiration date, authorizes repurchases
in the open market or in private transactions. On August 25, 2005, HP’s Board of Directors authorized
an additional $4.0 billion for future repurchases of outstanding common stock. Shares repurchased in
the fourth quarter of fiscal 2005 included open market and private transactions.
As of October 31, 2005, HP had remaining authorization of approximately $3.4 billion for future
share repurchases.
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