Plantronics 2011 Annual Report Download - page 35

Download and view the complete annual report

Please find page 35 of the 2011 Plantronics annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 103

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103

As of March 31, 2011, there were 660,900 remaining shares authorized for repurchase under the March 1, 2011 authorized plan.
On May 2, 2011, subsequent to the end of our fiscal year, the Board of Directors authorized the repurchase of up to 7,000,000
shares of our outstanding common stock. As part of this authorization, on May 9, 2011, we entered into two separate Master
Confirmation and Supplemental Confirmations with Goldman, Sachs & Co. to repurchase an aggregate of $100 million of our
common stock under an accelerated share repurchase program.
The following table presents a month-to-month summary of the stock purchase activity in the fourth quarter of fiscal 2011:
January 2, 2011 to January 29, 2011
January 30, 2011 to March 5, 2011
March 6, 2011 to April 2, 2011
Total
Number of
Shares
Purchased
133,400
517,624
347,700
1
Average
Price Paid
per Share
$ 36.78
$ 35.28
$ 35.10
Total Number of Shares
Purchased as Part of
Publicly Announced
Plans or Programs
133,400
516,000
347,700
Maximum Number of
Shares that May Yet
Be Purchased Under
the Plans or Programs
524,600
1,008,600
660,900
See Note 12 of our Notes to Consolidated Financial Statements for more information regarding our stock repurchase programs.
1 Includes 1,624 shares that were tendered to us in satisfaction of tax withholding obligations upon the vesting of restricted
stock granted under our employee stock plans.
Table of Contents
26