Home Depot 2015 Annual Report Download - page 19

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Table of Contents
17
Issuer Purchases of Equity Securities
Since the inception of the Company’s initial share repurchase program in fiscal 2002 through the end of fiscal 2015, the
Company has repurchased shares of its common stock having a value of approximately $60.1 billion. The number and
average price of shares purchased in each fiscal month of the fourth quarter of fiscal 2015 are set forth in the table below:
Period Total Number of
Shares Purchased(1)
Average
Price Paid
Per Share(1)
Total Number of
Shares Purchased as
Part of Publicly
Announced Program(2)
Dollar Value of Shares
that May Yet Be
Purchased Under
the Program(2)
Nov. 2, 2015 – Nov. 29, 2015(3) 3,129,016 $ 128.19 3,109,176 $ 12,715,611,981
Nov. 30, 2015 – Dec. 27, 2015(4) 11,350,044 $ 131.14 11,348,095 $ 11,000,000,017
Dec. 28, 2015 – Jan. 31, 2016(4) 1,742,407 $ 130.65 1,740,383 $ 11,000,000,017
16,221,467 $ 130.52 16,197,654
—————
(1) These amounts include repurchases pursuant to the Company’s 1997 and Amended and Restated 2005 Omnibus Stock
Incentive Plans (the "Plans"). Under the Plans, participants may surrender shares as payment of applicable tax
withholding on the vesting of restricted stock and deferred share awards. Participants in the Plans may also exercise
stock options by surrendering shares of common stock that the participants already own as payment of the exercise price.
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) In February 2015, the Board of Directors authorized an $18.0 billion share repurchase program that replaced the
previous authorization. The program does not have a prescribed expiration date.
(3) In the third quarter of fiscal 2015, the Company paid $1.375 billion under an Accelerated Share Repurchase ("ASR")
agreement and received an initial delivery of 10.1 million shares. The transaction was completed in the fourth quarter of
fiscal 2015, at which time the Company received 1.3 million additional shares to settle the agreement. The Average Price
Paid Per Share was calculated with reference to the volume weighted average price per share of the Company’s common
stock over the term of the agreement, less a negotiated discount. See Note 7 to the Consolidated Financial Statements
included in this report.
(4) In the fourth quarter of fiscal 2015, the Company paid $1.5 billion under an ASR agreement and received an initial
delivery of 9.7 million shares. The transaction was completed in the fourth quarter of fiscal 2015, with the Company
receiving 1.7 million additional shares to settle the agreement. The Average Price Paid Per Share was calculated with
reference to the volume weighted average price per share of the Company’s common stock over the term of the
agreement, less a negotiated discount. See Note 7 to the Consolidated Financial Statements included in this report.
Sales of Unregistered Securities
During the fourth quarter of fiscal 2015, the Company issued 380 deferred stock units under The Home Depot, Inc. Non-
Employee Directors’ Deferred Stock Compensation Plan pursuant to the exemption from registration provided by Section 4
(a)(2) of the Securities Act of 1933, as amended (the "Securities Act") and Rule 506 of the SEC’s Regulation D thereunder.
The deferred stock units were credited to the accounts of those non-employee directors who elected to receive all or a portion
of board retainers in the form of deferred stock units instead of cash during the fourth quarter of fiscal 2015. 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 2015, the Company credited 17,731 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.