Macy's 2010 Annual Report Download - page 94

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
purchases in 2011, it may resume purchases of Common Stock under these or possible future authorizations in
the open market, in privately negotiated transactions or otherwise at any time and from time to time without prior
notice.
Common Stock
The holders of the Common Stock are entitled to one vote for each share held of record on all matters
submitted to a vote of shareholders. Subject to preferential rights that may be applicable to any Preferred Stock,
holders of Common Stock are entitled to receive ratably such dividends as may be declared by the Board of
Directors in its discretion, out of funds legally available therefor.
Treasury Stock
Treasury stock contains shares repurchased under the share repurchase program, shares repurchased to cover
employee tax liabilities related to stock plan activity and shares maintained in a trust related to deferred
compensation plans. Under the deferred compensation plans, shares are maintained in a trust to cover the number
estimated to be needed for distribution on account of stock credits currently outstanding.
Changes in the Company’s Common Stock issued and outstanding, including shares held by the Company’s
treasury, are as follows:
Common
Stock
Issued
Treasury Stock
Common
Stock
Outstanding
Deferred
Compensation
Plans Other Total
(thousands)
Balance at February 2, 2008 ............... 495,038.5 (1,218.1) (74,075.4) (75,293.5) 419,745.0
Stock issued under stock plans ............. (157.6) 464.1 306.5 306.5
Stock repurchases:
Repurchase program ................. – –
Other ............................. (25.7) (25.7) (25.7)
Deferred compensation plan distributions ..... 58.0 58.0 58.0
Balance at January 31, 2009 ............... 495,038.5 (1,317.7) (73,637.0) (74,954.7) 420,083.8
Stock issued under stock plans ............. (105.0) 937.9 832.9 832.9
Stock repurchases:
Repurchase program ................. – –
Other ............................. (130.1) (130.1) (130.1)
Deferred compensation plan distributions ..... 56.6 56.6 56.6
Balance at January 30, 2010 ............... 495,038.5 (1,366.1) (72,829.2) (74,195.3) 420,843.2
Stock issued under stock plans ............. (48.8) 2,439.5 2,390.7 2,390.7
Stock repurchases:
Repurchase program ................. – –
Other ............................. (58.5) (58.5) (58.5)
Deferred compensation plan distributions ..... 165.9 165.9 165.9
Balance at January 29, 2011 ............... 495,038.5 (1,249.0) (70,448.2) (71,697.2) 423,341.3
F-46