Home Depot 2009 Annual Report Download - page 21

Download and view the complete annual report

Please find page 21 of the 2009 Home Depot annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 72

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72

Issuer Purchases of Equity Securities
Since fiscal 2002, the Company has repurchased shares of its common stock having a value of approximately
$27.5 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 2009 are set forth in the table below:
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
Nov. 2, 2009 – Nov. 29, 2009 1,362,738 $27.53 1,285,226 $12,598,234,372
Nov. 30, 2009 – Dec. 27, 2009 2,826,352 $28.33 2,818,380 $12,518,394,686
Dec. 28, 2009 – Jan. 31, 2010 3,758 $28.48 $12,518,394,686
(1) These amounts include 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 fiscal 2009, 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 2009, the Company issued 427 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 those nonemployee directors who elected to receive board retainers in the form of deferred
stock units instead of cash during the fourth quarter of fiscal 2009. 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 2009, the Company credited 41,675 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.
15