Redbox 2008 Annual Report Download - page 24
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November 20, 2007, the remaining amount authorized for repurchase under our credit facility is $27.7 million as of
December 31, 2008, however we will not exceed our repurchase limit authorized by the board of directors as
outlined below.
Apart from our credit facility limitations, our board of directors authorized the repurchase of up to
$22.5 million of our common stock plus additional shares equal to the aggregate amount of net proceeds received
after January 1, 2003, from our employee equity compensation plans. As of December 31, 2008, this authorization
allows us to repurchase up to $23.9 million of our common stock.
The following table summarizes information regarding shares repurchased during the quarter ended Decem-
ber 31, 2008:
Total Number
of Shares
Repurchased(1)
Average
Price Paid
per Share
Total Number
of Shares
Purchased as
Part of the
Publicly Announced
Repurchase Programs
Maximum
Approximate
Dollar Value
of Shares that
May Yet be
Purchased Under
the Programs
10/01/08 - 10/31/08.......... — $ — — $23,764,092
11/01/08 - 11/30/08.......... — $ — — $23,816,542
12/01/08 - 12/31/08.......... 2,743 $17.90 2,743 $23,891,703
2,743 $17.90 2,743 $23,891,703
(1) Represents shares tendered for tax withholding on vesting of restricted stock awards. None of these transactions
are included against the dollar value of shares that may yet be purchased under the programs.
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