Home Depot 2011 Annual Report Download - page 21

15
Issuer Purchases of Equity Securities
Since the inception of the Company's share repurchase program in fiscal 2002 through the end of fiscal 2011, the Company
has repurchased shares of its common stock having a value of approximately $33.6 billion. The number and average price of
shares purchased in each fiscal month of the fourth quarter of fiscal 2011 are set forth in the table below:
Period
Oct. 31, 2011 – Nov. 27, 2011
Nov. 28, 2011 – Dec. 25, 2011
Dec. 26, 2011 – Jan. 29, 2012
Total Number of
Shares Purchased(1)
1,155,596
4,022,900
4,588,429
Average
Price Paid
per Share(1)
$ 37.15
$ 40.04
$ 43.58
Total Number of
Shares Purchased as
Part of Publicly
Announced Program(2)
1,078,022
4,001,233
4,582,312
Dollar Value of Shares
that May Yet Be
Purchased Under
the Program(2)
$ 6,770,021,276
$ 6,609,741,200
$ 6,410,022,757
—————
(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
agreement 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
2011, the Board had approved purchases up to $40.0 billion. The program does not have a prescribed expiration date.
In March 2012, the Company entered into an Accelerated Share Repurchase ("ASR") agreement with a third-party financial
institution to repurchase $1.0 billion of the Company’s common stock. See Note 5 to the Consolidated Financial Statements
included in this report. Shares received in connection with the ASR agreement will be reflected in the share repurchase table
in future quarters.
Sales of Unregistered Securities
During the fourth quarter of fiscal 2011, the Company issued 601 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 "Securities Act"). 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 2011. 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 2011, the Company credited 1,415 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 for involuntary, non-contributory plans. 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.
Item 6. Selected Financial Data.
The information required by this item is incorporated by reference to page F-1 of this report.