Raytheon 2004 Annual Report Download - page 49

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31
PART II
Item 5. Market For Registrant’s Common Equity
and Related Stockholder Matters and Issuer
Purchases of Equity Securities
At December 31, 2004, there were approximately 71,000 record holders of the Company’s common stock. The
Company’s common stock is traded on the New York Stock Exchange, the Chicago Stock Exchange and the Pacific
Exchange under the symbol “RTN”. The Company’s annual CEO certification to the New York Stock Exchange was
issued on May 28, 2004. For information concerning stock prices and dividends paid during the past two years, see
“Note P – Quarterly Operating Results (unaudited)” within Item 8 of this Form 10-K.
    
Period
Total Number
of Shares
Purchased
(1)
Average Price Paid
per Share
Total Number
of Shares
Purchased as
Part of
Publicly
Announced
Plan
Approximate
Dollar Value of
Shares that May
Yet Be Purchased
Under the Plan
(2)
October (September 27, 2004-October 24, 2004) 8,271 $37.02 – –
November (October 25, 2004-November 21, 2004) 1,818 $38.65 – –
December (November 22, 2004-December 31, 2004) 232 $39.16 – $700 million
Total 10,321 $37.35
(1) Shares purchased relate to treasury activity under the Company’s stock plans. The total number of shares purchased during the fiscal fourth
quarter of 2004 includes: (i) the surrender by employees of 510 shares of already owned common stock to pay the exercise price in connection with
the exercise of employee stock options, and (ii) the surrender by employees of 9,811 shares to satisfy tax withholding obligations in connection
with the vesting of restricted stock issued to employees.
(2) On November 30, 2004, the Board of Directors authorized the repurchase, between January 1, 2005 and December 31, 2006, of up to $700 million
of the Company’s outstanding common stock. Purchases may take place from time to time at management’s discretion depending upon market
conditions. The Company announced the authorization of the share repurchase plan in its Current Report on Form 8-K, filed on December 1,
2004.