Redbox 2009 Annual Report Download - page 31

The following table summarizes information regarding shares repurchased during the quarter ended
December 31, 2009:
Total Number of
Shares Repurchased(1)
Average Price Paid
per Share
Total Number of
Shares Purchased as
part of the Publicly
Announced
Repurchase Plans
Maximum
Approximate Dollar
Value of Shares that
May Yet be Purchased
Under the Programs
10/1/09 – 10/31/09 ......... — $ — — $40,061,977
11/1/09 – 11/30/09 ......... — $ — — $40,228,829
12/1/09 – 12/31/09 ......... 405 $24.70 405 $40,427,665
405 $24.70 405 $40,427,665
(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.
On July 17, 2009, we issued 193,348 shares of unregistered restricted common stock to Sony in connection
with the Sony Agreement discussed in Note 9 to our Consolidated Financial Statements included in this Form
10-K. The issuance of the common stock was exempt from registration pursuant to the Securities Act of 1933, as
amended (the “Securities Act”) by virtue of Section 4(2) and/or Regulation D promulgated thereunder as a
transaction not involving a public offering. We believe that the issuance is exempt from the registration
requirements of the Securities Act on the basis that: (1) Sony represented it was an accredited investor as defined
under the Securities Act; (2) there was no general solicitation; and (3) Sony represented that it was purchasing
such shares for its own account and not with a view towards distribution. The shares of common stock carry a
legend stating that the shares are not registered under the Securities Act and therefore cannot be resold unless
they are registered under the Securities Act or unless an exemption to registration is available.
Item 6. Selected Financial Data.
The following selected financial data is qualified by reference to, and should be read in conjunction with,
Item 7. “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and the
Consolidated Financial Statements of Coinstar, Inc. and related Notes thereto included elsewhere in this Annual
Report.
On January 1, 2008, we exercised our option to acquire a majority ownership interest in the voting equity of
Redbox Automated Retail, LLC (“Redbox”) under the terms of the LLC Interest Purchase Agreement dated
November 17, 2005. In conjunction with the option exercise and payment of $5.1 million, our ownership interest
increased from 47.3% to 51.0%. Since our original investment in Redbox, we had been accounting for our 47.3%
ownership interest under the equity method in our Consolidated Financial Statements. Effective with the close of
the transaction on January 18, 2008, we began consolidating Redbox’s financial results into our Consolidated
Financial Statements. In February 2009, we purchased the remaining interests in Redbox.
On January 1, 2008 we acquired GroupEx Financial Corporation, JRJ Express Inc. and Kimeco, LLC
(collectively, “GroupEx”). The operating results for GroupEx included below are subsequent to the acquisition
date.
On September 8, 2009, we sold the Entertainment Business, which is included in discontinued operations
for all periods presented.
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