Northrop Grumman 2010 Annual Report Download - page 36

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(f) Purchases of Equity Securities by the Issuer and Affiliated Purchasers.
We have summarized our repurchases of common stock during the three months ended December 31,
2010, in the table below.
Period
Total Number
of Shares
Purchased
(1)
Average Price
Paid per
Share
(2)
Total Numbers
of Shares
Purchased
as Part
of Publicly
Announced
Plans or
Programs
Approximate
Dollar Value
of Shares
that May
Ye t B e
Purchased
Under the
Plans or
Programs
($ in millions)
October 1 through October 31, 2010 518,760 $61.74 518,760 $1,848
November 1 through November 30, 2010 664,980 62.18 664,980 1,806
December 1 through December 31, 2010 693,106 64.31 693,106 1,762
Total 1,876,846 $62.85 1,876,846 $1,762
(1)
(1) On June 16, 2010, our board of directors authorized a share repurchase program of up to $2.0 billion of
our common stock. As of December 31, 2010, we had $1.8 billion remaining under this authorization
for share repurchases.
Share repurchases take place at management’s discretion or under pre-established, non-discretionary
programs from time to time, depending on market conditions, in the open market, and in privately
negotiated transactions. We retire our common stock upon repurchase and have not made any purchases
of common stock other than in connection with these publicly announced repurchase programs.
(2) Includes commissions paid.
(g) Securities Authorized for Issuance Under Equity Compensation Plans.
For a description of securities authorized under our equity compensation plans, see Note 18 to the
consolidated financial statements in Part II, Item 8.
-26-
NORTHROP GRUMMAN CORPORATION