PNC Bank 2007 Annual Report Download - page 21

Our registrar, stock transfer agent, and dividend disbursing
agent is:
Computershare Investor Services, LLC
250 Royall Street
Canton, MA 02021
800-982-7652
We include here by reference the information that appears
under the caption “Common Stock Performance Graph” at the
end of this Item 5.
(b) Not applicable.
(c) Details of our repurchases of PNC common stock during
the fourth quarter of 2007 are included in the following table:
In thousands, except per share data
2007 period
Total shares
purchased (a)
Average
price
paid per
share
Total shares
purchased as
part of
publicly
announced
programs (b)
Maximum
number of
shares that
may yet be
purchased
under the
programs (b)
October 1 –
October 31 318 $70.86 145 24,855
November 1 –
November 30 433 $70.48 145 24,710
December 1 –
December 31 169 $69.39 24,710
Total 920 $70.41 290
(a) Includes PNC common stock purchased under the program referred to in
note (b) to this table and PNC common stock purchased in connection
with our various employee benefit plans.
(b) Our current stock repurchase program, allows us to purchase up to
25 million shares on the open market or in privately negotiated
transactions. This program was authorized on October 4, 2007 and
replaced the prior program, which was authorized in February 2005. This
program will remain in effect until fully utilized or until modified,
superseded or terminated.
Common Stock Performance Graph
This graph shows the cumulative total shareholder return (i.e.,
price change plus reinvestment of dividends) on our common
stock during the five-year period ended December 31, 2007,
as compared with: (1) a selected peer group of our
competitors, called the “Peer Group;” (2) an overall stock
market index, the S&P 500 Index; and (3) a published industry
index, the S&P 500 Banks. The yearly points marked on the
horizontal axis of the graph correspond to December 31 of
that year. The stock performance graph assumes that $100 was
invested on January 1, 2003 for the five-year period and that
any dividends were reinvested. The table below the graph
shows the resultant compound annual growth rate for the
performance period.
Dec07Dec02 Dec03 Dec04 Dec05 Dec06
Comparison of Cumulative Five Year Total Return
0
50
100
150
200
250
Dollars
PNC S&P 500 Index S&P 500 Banks Peer Group
Base
Period
Assumes $100 investment at Close of
Market on December 31, 2002
Total Return = Price change plus
reinvestment of dividends
5-Year
Com-pound
Growth
Rate
Dec02 Dec03 Dec04 Dec05 Dec06 Dec07
PNC $100 136.06 148.25 165.41 204.29 187.41 13.39%
S&P 500 Index $100 128.67 142.65 149.65 173.26 182.78 12.82%
S&P 500 Banks $100 126.65 144.92 142.86 165.89 116.49 3.10%
Peer Group $100 129.36 146.85 147.23 167.31 123.96 4.39%
The Peer Group for the preceding chart and table consists of
the following companies: BB&T Corporation; Comerica Inc.;
Fifth Third Bancorp; KeyCorp; National City Corporation;
The PNC Financial Services Group, Inc.; SunTrust Banks,
Inc.; U.S. Bancorp.; Wachovia Corporation; Regions Financial
Corporation; and Wells Fargo & Co. The Peer Group shown is
the Peer Group approved by the Board’s Personnel and
Compensation Committee for 2007.
Each yearly point for the Peer Group is determined by
calculating the cumulative total shareholder return for each
company in the Peer Group from December 31, 2002 to
December 31 of that year (End of Month Dividend
Reinvestment Assumed) and then using the median of these
returns as the yearly plot point.
In accordance with the rules of the SEC, this section,
captioned “Common Stock Performance Graph,” shall not be
incorporated by reference into any of our future filings made
under the Securities Exchange Act of 1934 or the Securities
Act of 1933. The Common Stock Performance Graph,
including its accompanying table and footnotes, is not deemed
to be soliciting material or to be filed under the Exchange Act
or the Securities Act.
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