U-Haul 2007 Annual Report Download - page 20

Download and view the complete annual report

Please find page 20 of the 2007 U-Haul 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 146

  • 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
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146

14
Is
fr fiscal 2007, the Company repurchased 739,291 shares.
suer Purchases of Equity Securities
On September 13, 2006, the Company announced that its Board had authorized the Company to repurchase up to
$50.0 million of its Common Stock. The stock may be repurchased by the Company from time to time on the open
market between September 13, 2006 and October 31, 2007. On March 9, 2007, the Board authorized an increase in
the Company’ s common stock repurchase program to a total aggregate amount, net of brokerage commissions, of
$115.0 million (which amount is inclusive of the $50.0 million common stock repurchase program approved by the
Board in 2006). As with the original program, the Company may repurchase stock from time to time on the open
market until October 31, 2007. The extent to which the Company repurchases its shares and the timing of such
purchases will depend upon market conditions and other corporate considerations. The purchases will be funded
om available working capital. During the fourth quarter of
The repurchases made by the Company were as follows:
Period
January 1 - 31, 2007 - - - - 50,000,000
February 1 - 28, 2007 268,653 68.37$ 268,653 18,368,840$ 31,631,160$
March 1 - 31, 2007 (2) 470,638 65.31$ 470,638 30,737,262$ 65,893,898$
Fourth Quarter Total 739,291 66.42$ 739,291 49,106,102$
(1) Represents weighted average purchase price for the periods represented.
Maximum $ of Shares
That May Yet be
Repurchased Under the
Plan
(2) On March 9, 2007, the Board authorized an increase in the Company's common stock repurchase program to a total aggregate amount,
net of brokerage commissions, of $115.0 million (which amount is inclusive of the $50.0 million common stock repurchase program
approved by the Board in 2006).
Total # of Shares
Repurchased
Average
Price Paid
per Share (1)
Total # of Shares
Repurchased as Part
of Publicly
Announced Plan
Total $ of Shares
Repurchased as Part
of Publicly
Announced Plan