Sears 2007 Annual Report Download - page 18

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Purchase of Equity Securities
The following table provides information about shares of common stock we acquired during the fourth
quarter of fiscal 2007, including shares assigned to us as part of settlement agreements resolving claims arising
from the Chapter 11 reorganization of Kmart Corporation. During the 13 weeks ended February 2, 2008, we
repurchased 5.3 million of our common shares at a total cost of $553 million under our common share repurchase
program. As of February 2, 2008, we had $183 million of remaining authorization under the program.
Total
Number of
Shares
Purchased(1)
Average
Price
Paid per
Share
Total
Number of
Shares
Purchased
as Part of
Publicly
Announced
Program(2)
Average
Price Paid
per Share
for
Publicly
Announced
Program
Approximate
Dollar Value of
Shares that
May Yet Be
Purchased
Under the
Program
November 4, 2007 to December 1, 2007 ....... 772,500 $105.93 772,500 $105.93
December 2, 2007 to January 5, 2008 ......... 3,094,282 107.78 3,094,282 107.78
January 6, 2008 to February 2, 2008 .......... 1,461,510 95.44 1,443,473 95.30
Total ................................... 5,328,292 $104.12 5,310,255 $104.12 $183,000,000
(1) Includes 12,948 shares acquired from associates to meet withholding tax requirements from the vesting of
restricted stock. In conjunction with bankruptcy settlements entered into this quarter, we were assigned
5,089 shares of common stock (weighted average price of $99.58 per share) with an approximate value of
$1 million. These shares were acquired during the quarter as follows:
November 4, 2007 to December 1, 2007 .................................. —
December 2, 2007 to January 5, 2008 .................................... —
January 6, 2008 to February 2, 2008 ..................................... 18,037
(2) Our common share repurchase program was initially announced on September 14, 2005 with a total
authorization by our Board of Directors of up to $500 million. Subsequently, we announced that our Board of
Directors authorized the repurchase of up to an additional $500 million of common stock on each of
October 14, 2005, April 5, 2006 and September 12, 2006, $1.0 billion of common stock on July 10, 2007, and
$1.5 billion of common stock on August 13, 2007, for a total authorization since inception of the program of
$4.5 billion. The program has no stated expiration date.
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