Sears 2009 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 2009, including shares assigned to us as part of settlement agreements resolving claims arising
from the Chapter 11 reorganization of Kmart Corporation. During the quarter ended January 30, 2010, we
repurchased 0.9 million of our common shares at a total cost of $66 million under our common share repurchase
program. As of January 30, 2010, we had $581 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 1, 2009 to November 28,
2009 ......................... 465,999 $71.95 465,489 $71.95
November 29, 2009 to January 2,
2010 ......................... 449,548 71.39 449,418 71.39
January 3, 2010 to January 30, 2010 . . 3,769 92.72 — —
Total ........................... 919,316 $71.76 914,907 $71.68 $581,000,000
(1) Includes 4,409 shares acquired from associates to meet withholding tax requirements from the vesting of
restricted stock. These shares were acquired during the quarter as follows:
November 1, 2009 to November 28, 2009 .................................. 510
November 29, 2009 to January 2, 2010 .................................... 130
January 3, 2010 to January 30, 2010 ...................................... 3,769
Total ............................................................... 4,409
(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,
$1.5 billion of common stock on August 13, 2007, and $500 million of common stock on each of May 29,
2008, December 2, 2008 and December 17, 2009 for a total authorization since inception of the program of
$6.0 billion. The program has no stated expiration date.
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