HP 2008 Annual Report Download - page 40

PART II
ITEM 5. Market for 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 Annual Report on
Form 10-K, respectively, which are incorporated herein by reference. We have declared and paid cash
dividends each fiscal year since 1965. The trend has been to declare $0.16 per share every first and
third quarters and to pay $0.08 per share per quarter. As of November 30, 2008, there were
approximately 135,000 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
On September 23, 2008, HP issued 8,018 shares of common stock to Robert Ted Enloe, III, a
former member of the Board of Directors of Compaq Computer Corporation, and 7,961 shares of
common stock to Balquita Partners, Ltd, a limited partnership for which Mr. Enloe serves as managing
general partner, in connection with the exercise of stock options issued to Mr. Enloe by Compaq in
1999. The issuance of the shares was exempt from registration under Section 4(2) of the Securities Act
of 1933, as amended, as a sale of securities not involving any public offering.
Issuer Purchases of Equity Securities
Total Number of Approximate
Shares Purchased Dollar Value of Shares
Total Number Average as Part of Publicly 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 2008) ................. 10,978,741 $44.78 10,978,741 $ 2,502,814,483
Month #2
(September 2008) ............... 9,326,467 $46.68 9,326,467 $10,067,466,703
Month #3
(October 2008) ................. 24,370,897 $39.93 24,370,897 $ 9,094,419,838
Total .......................... 44,676,105 $42.53 44,676,105
HP repurchased shares in the fourth quarter of fiscal 2008 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. All shares repurchased in the fourth quarter of fiscal
2008 were purchased in open market transactions.
As of October 31, 2008, HP had remaining authorization of approximately $9.1 billion for future
share repurchases, including $1.1 billion remaining under the $8.0 billion repurchase authorization
approved by HP’s Board of Directors on November 19, 2007 and $8.0 billion under the additional
repurchase authorization approved by the Board on September 19, 2008.
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