Sears 2010 Annual Report Download - page 17

Download and view the complete annual report

Please find page 17 of the 2010 Sears annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 112

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112

Purchase of Equity Securities
The following table provides information about shares of common stock we acquired during the fourth
quarter of 2010. During the quarter ended January 29, 2011, we repurchased 1.2 million of our common shares at
a total cost of $77 million under our common share repurchase program. At January 29, 2011, we had $187
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
October 31, 2010 to November 27,
2010 ......................... 281,657 $63.75 278,638 $63.72
November 28, 2010 to January 1,
2011 ......................... 886,733 67.18 882,448 67.18
January 2, 2011 to January 29, 2011 . . 1,913 75.68
Total ........................... 1,170,303 $66.37 1,161,086 $71.76 $187,000,000
(1) Includes 9,217 shares acquired from associates to meet withholding tax requirements from the vesting of
restricted stock. These shares were acquired during the quarter as follows:
October 31, 2010 to November 27, 2010 ................................... 3,019
November 28, 2010 to January 1, 2011 .................................... 4,285
January 2, 2011 to January 29, 2011 ...................................... 1,913
Total ............................................................... 9,217
(2) Our common share repurchase program was initially announced on September 14, 2005 and has a total
authorization since inception of the program of $6.0 billion. The program has no stated expiration date.
17