Honeywell 2013 Annual Report Download - page 36

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Part II.
Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters
and Issuer Purchases of Equity Securities
Honeywell’s common stock is listed on the New York Stock Exchange. Market and dividend
information for Honeywell’s common stock is included in Note 27 Unaudited Quarterly Financial
Information of Notes to Financial Statements in “Item 8. Financial Statements and Supplementary
Data.”
The number of record holders of our common stock at December 31, 2013 was 55,537.
Honeywell purchased 3,500,000 shares of its common stock, par value $1 per share, in the
quarter ending December 31, 2013. In December 2013, the Board of Directors authorized the
repurchase of up to a total of $5 billion of Honeywell common stock, which replaced the previously
approved share repurchase program. $5 billion remained available as of December 31, 2013 for
additional share repurchases. Honeywell presently expects to repurchase outstanding shares from time
to time to offset the dilutive impact of employee stock based compensation plans, including future
option exercises, restricted unit vesting and matching contributions under our savings plans. The
amount and timing of future repurchases may vary depending on market conditions and the level of
operating, financing and other investing activities.
The following table summarizes Honeywell’s purchase of its common stock, par value $1 per
share, for the three months ended December 31, 2013:
Issuer Purchases of Equity Securities
Period
Total
Number of
Shares
Purchased
Average
Price Paid
per Share
Total Number
of Shares
Purchased as
Part of Publicly
Announced
Plans
or Programs
Approximate Dollar
Value of Shares that
May Yet be Purchased
Under Plans or
Programs
(Dollars in millions)
(a) (b) (c) (d)
November 2013 3,500,000 $86.96 3,500,000 $ 525
December 2013 $5,000
24