Home Depot 2007 Annual Report Download - page 33

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Issuer Purchases of Equity Securities
Since fiscal 2002, the Company has repurchased shares of its common stock having a value of approximately $27.2 billion pursuant to its share
repurchase program. The number and average price of shares purchased in each fiscal month of the fourth quarter of fiscal 2007 are set forth in
the table below:
(1)
Period
Total Number of
Shares Purchased
(1)
Average
Price Paid
per Share
Total Number of
Shares Purchased as
Part of Publicly
Announced Program
(2)
Approximate Dollar
Value of Shares
that May Yet Be
Purchased Under
the Program
Oct. 29, 2007
–
Nov. 25, 2007
6,405
$
29.24
—
$
12,801,735,839
Nov. 26, 2007
–
Dec. 23, 2007
200
$
26.96
—
$
12,801,735,839
Dec. 24, 2007
–
Feb. 3, 2008
785
$
30.45
—
$
12,801,735,839
These amounts are repurchases pursuant to the Company's 1997 and 2005 Omnibus Stock Incentive Plans (the "Plans"). Under the
Plans, participants may exercise stock options by surrendering shares of common stock that the participants already own as payment of
the exercise price. Participants in the Plans may also surrender shares as payment of applicable tax withholding on the vesting of
restricted stock and deferred share awards. Shares so surrendered by participants in the Plans are repurchased pursuant to the terms of
the Plans and applicable award agreements and not pursuant to publicly announced share repurchase programs.
(2)
The Company's common stock repurchase program was initially announced on July 15, 2002. As of the end of the fourth quarter of fiscal
2007, the Board approved purchases up to $40.0 billion. The program does not have a prescribed expiration date.
Sales of Unregistered Securities
During the fourth quarter of fiscal 2007, the Company issued 6,997 deferred stock units under The Home Depot, Inc. NonEmployee Directors'
Deferred Stock Compensation Plan pursuant to the exemption from registration provided by Section 4(2) of the Securities Act of 1933, as
amended. The deferred stock units were credited to the accounts of such nonemployee directors who elected to receive board retainers in the
form of deferred stock units instead of cash during the fourth quarter of fiscal 2007. The deferred stock units convert to shares of common stock
on a one-for-one basis following a termination of service as described in this plan.
During the fourth quarter of fiscal 2007, the Company credited 32,779 deferred stock units to participant accounts under The Home Depot
FutureBuilder Restoration Plan pursuant to an exemption from the registration requirements of the Securities Act of 1933, as amended, for
involuntary, non-contributory plans. The deferred stock units convert to shares of common stock on a one-for-one basis following the
termination of services as described in this plan.
Item 6. Selected Financial Data.
The information required by this item is incorporated by reference to pages F-1 and F-2 of this report.
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