Sears 2012 Annual Report Download - page 19

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19
Purchase of Equity Securities
The following table provides information about shares of common stock we acquired during the fourth quarter
of 2012. During the quarter ended February 2, 2013, we did not repurchase any shares of our common stock under
our common share repurchase program. At February 2, 2013, we had approximately $504 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 28, 2012 to November 24, 2012 . . . . . . . 706 $ 64.54 — $ —
November 25, 2012 to December 29, 2012. . . . . . 1,824 42.01 — —
December 30, 2012 to February 2, 2013. . . . . . . . 18,919 43.99 — —
Total. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21,449 $ 44.50 — $ — $ 504,000,000
__________________
(1) Consists entirely of 21,449 shares acquired from associates to meet withholding tax requirements from the
vesting of restricted stock.
(2) Our common share repurchase program was initially announced on September 14, 2005 and has a total
authorization since inception of the program of $6.5 billion, including the authorizations to purchase up to an
additional $500 million of common stock on each of December 17, 2009 and May 2, 2011. The program has
no stated expiration date.
The domestic credit agreement (described in the “Uses and Sources of Liquidity” section below) limits our
ability to make restricted payments, including dividends and share repurchases, under certain circumstances,
including if availability under the credit facility, as defined, is less than 15%. It also imposes various other
requirements which take effect if availability falls below designated thresholds, including a cash dominion
requirement and a requirement that the fixed charge ratio at the last day of any quarter be not less than 1.0 to 1.0.