Petsmart 2007 Annual Report Download - page 29

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Stock Purchase Program. The following table shows purchases of our common stock and the available funds
to purchase additional common stock for each period in the quarter ended February 3, 2008:
Period
Total Number
of Shares
Purchased(1)
Average Price
Paid per Share(1)
Total Number of Shares
Purchased as Part of
Publicly Announced
Plans or Programs(2)
Approximate Dollar
Value That May
Yet be Purchased
Under the Plans or
Programs(3)
October 29, 2007 to
November 25, 2007 . . . . — $— — $75,000,000
November 26, 2007 to
December 30, 2007 . . . . — $— — $75,000,000
December 31, 2007 to
February 3, 2008 . . . . . . 776,000 $— 776,000 $75,000,000
Fourth Quarter Total . . . . . 776,000 $— 776,000 $75,000,000
(1) In August 2007, the Board of Directors approved a share purchase program authorizing the purchase of up to
$300.0 million of our common stock through the second quarter of 2009. On August 19, 2007, we entered into a
$225.0 million fixed dollar accelerated share repurchase agreement, or ASR. The ASR contained provisions
that established the minimum and maximum number of shares that were purchased during its term. Pursuant to
the terms of the ASR, on August 20, 2007, we paid $225.0 million to the ASR counterparty. We received
7.0 million shares of common stock under the program with 6.2 million received in the third quarter of 2007 and
776,000 shares received in the fourth quarter, completing the program. As the ASR agreement established a
fixed dollar share repurchase, the average price paid per share in the fourth quarter is zero as the cash was
delivered in the third quarter. The average price paid for shares purchased under the ASR was $32.22 per share.
(2) Shares purchased pursuant to the ASR agreement are presented under “Total Number of Shares Purchased” and
“Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs” in the periods in which
they were received. For additional information regarding our purchase programs, see Note 8 to the Notes to
Consolidated Financial Statements.
(3) “Approximate Dollar Value That May Yet be Purchased Under the Plans or Programs” reflects our $300.0 mil-
lion share purchase authorization less the $225.0 million ASR.
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