NetFlix 2008 Annual Report Download - page 29

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Issuer Purchases of Equity Securities
Stock repurchases during the three months ended December 31, 2008 were as follows:
Period
Total Number of
Shares Purchased
Average Price
Paid per Share
Total Number of
Shares Purchased as
Part of Publicly
Announced
Programs
Maximum Dollar Value
that May Yet Be Purchased
Under the Program
October 1, 2008—October 31, 2008 . . 492,200 $19.98 492,200 $50,136,675
November 1, 2008—November 30,
2008 ......................... 7,200 21.74 7,200 49,980,115
December 1, 2008—December 31,
2008 ......................... — — — —
Total .......................... 499,400 $20.01 499,400 $ —
On January 26, 2009, the Company announced that its Board of Directors authorized a stock repurchase
program for 2009. Based on the Board’s authorization, the Company anticipates a repurchase program of up to
$175 million in 2009. The timing and actual number of shares repurchased will depend on various factors
including price, corporate and regulatory requirements, alternative investment opportunities and other market
conditions.
On March 5, 2008, the Company’s Board of Directors authorized a stock repurchase program allowing the
Company to repurchase up to $150 million of its common stock through the end of 2008. Under this program, the
Company repurchased 3,491,084 shares of common stock at an average price of approximately $29 per share for
an aggregate amount of $100 million.
On January 31, 2008, the Company’s Board of Directors authorized a stock repurchase program allowing
the Company to repurchase up to $100 million of its common stock through the end of 2008. Under this program,
the Company repurchased 3,847,062 shares of common stock at an average price of approximately $26 per share
for an aggregate amount of $100 million.
On April 17, 2007, the Company’s Board of Directors authorized a stock repurchase program allowing the
Company to repurchase up to $100 million of its common stock through the end of 2007. During the year ended
December 31, 2007, the Company repurchased 4,733,788 shares of common stock at an average price of
approximately $21 per share for an aggregate amount of $100 million. For further information regarding stock
repurchase activity, see Note 7 of Notes to consolidated financial statements.
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