Travelers 2008 Annual Report Download - page 79

ISSUER PURCHASES OF EQUITY SECURITIES
The table below sets forth information regarding repurchases by the Company of its common stock
during the periods indicated.
Maximum
Total number of dollar value of
shares purchased shares that may
Total number as part of yet be purchased
of shares Average price paid publicly announced under the
Period Beginning Period Ending purchased per share plans or programs plans or programs
Oct. 1, 2008 ...... Oct. 31, 2008 2,729,696 $36.87 2,712,550 $3,809,857,539
Nov. 1, 2008 ..... Nov. 30, 2008 199 41.34 — 3,809,857,539
Dec. 1, 2008 ..... Dec. 31, 2008 4,037 43.35 — 3,809,857,539
Total ......... 2,733,932 $36.88 2,712,550 $3,809,857,539
The Company repurchased 21,382 shares during this three-month period that were not part of the
publicly announced share repurchase authorization, representing shares repurchased to cover payroll
withholding taxes in connection with the vesting of restricted stock awards and exercises of stock
options, and shares used to cover the exercise price of certain stock options that were exercised. The
Company’s share repurchase authorization, which has no expiration date, was first approved and
announced by the Company’s board of directors in May 2006. The original authorized repurchase
capacity was $2 billion; in January 2007, the board of directors authorized an additional $3 billion of
repurchase capacity. In January 2008, the board of directors authorized an additional $5 billion for
share repurchases. Through December 31, 2008, the Company had repurchased a cumulative total of
123.9 million shares for a total cost of $6.19 billion and had $3.81 billion of remaining capacity at
December 31, 2008 under the authorization.
Information relating to compensation plans under which the Company’s equity securities are
authorized for issuance is set forth in Part III—Item 12 of this Report.
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