Motorola 2006 Annual Report Download - page 39

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PART II
Item 5: Market for Registrant's Common Equity, Related Stockholder Matters and Issuer
Purchases of Equity Securities
Motorola's common stock is listed on the New York and Chicago Stock Exchanges. The number of
stockholders of record of Motorola common stock on January 31, 2007 was 75,892.
The remainder of the response to this Item incorporates by reference Note 16, ""Quarterly and Other Financial
Data (unaudited)'' of the Notes to Consolidated Financial Statements appearing under ""Item 8: Financial
Statements and Supplementary Data''.
The following table provides information with respect to acquisitions by the Company of shares of its common
stock during the quarter ended December 31, 2006.
ISSUER PURCHASES OF EQUITY SECURITIES
(d) Maximum Number
(c) Total Number (or Approximate Dollar
of Shares Purchased Value) of Shares that
(a) Total Number (b) Average Price as Part of Publicly May Yet Be Purchased
of Shares Paid per Announced Plans Under the Plans or
Period Purchased(1)(4) Share(1)(2) or Programs(3)(4) Programs(5)
10/1/06 to 10/28/06 5,284 $25.82 0 $4,500,000,000
10/29/06 to 11/25/06 15,613,158 $22.39 15,613,158 $4,150,401,669
11/26/06 to 12/31/06 16,430,030 $21.29 16,425,602 $3,800,689,819
Total 32,048,472 $21.83 32,038,760
(1) In addition to purchases under the 2006 Stock Repurchase Program (as defined below), included in this column are transactions under the
Company's equity compensation plans involving the delivery to the Company of 8,445 shares of Motorola common stock to satisfy tax
withholding obligations in connection with the vesting of restricted stock granted to Company employees and the surrender of 1,267 shares
of Motorola common stock to pay the option exercise price in connection with the exercise of employee stock options.
(2) Average price paid per share of stock repurchased under the 2006 Stock Repurchase Program is execution price, excluding commissions paid
to brokers.
(3) On May 18, 2005, the Company announced that its Board of Directors authorized the Company to repurchase up to $4 billion of its
outstanding shares of common stock over a period of up to 36 months ending in May 2008, subject to market conditions (the ""2005 Stock
Repurchase Program''). On July 24, 2006, the Company announced that it entered into an agreement to repurchase approximately
$1.2 billion of its outstanding shares of common stock. This repurchase, which was accomplished through an accelerated stock buyback
(""ASB'') agreement, together with all repurchases made prior to the date thereof, completed the repurchases authorized under the 2005
Stock Repurchase Program. Under the ASB the Company immediately paid $1.2 billion and received an initial 37.9 million shares in July
followed by an additional 11.3 million shares in August. In October, the Company received an additional 1.3 million shares, as the final
adjustment under the ASB. The total shares repurchased under the ASB were 50.5 million.
(4) The 1.3 million shares delivered under the ASB that were delivered in October, but paid for in July, have not been reflected in October
purchases.
(5) The Company also announced on July 24, 2006 that its Board of Directors authorized the Company to repurchase up to an additional
$4.5 billion of its outstanding shares of common stock over a period of up to 36 months ending in June 2009, subject to market conditions
(the ""2006 Stock Repurchase Program'').