VMware 2011 Annual Report Download - page 39

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Table of Contents
Use of Proceeds
None.
34
(2) In February 2011, a committee of our Board of Directors authorized the repurchase of up to $550.0 million of VMware's Class A common
stock through the end of 2012 (the “VMware 2011 Repurchase Authorization”). Stock has, and may in the future be, purchased pursuant to
the VMware 2011 Repurchase Authorization, from time to time, in the open market or through private transactions, subject to market
conditions. In the three months ended December 31, 2011, we repurchased in open market transactions and retired 415,552 shares of our
Class A common stock at a weighted-average price of $84.90 per share for an aggregate purchase price of $35.3 million. We are not
obligated to purchase any shares under our stock repurchase program. Subject to applicable laws, repurchases under our stock repurchase
program may be made at such times and in such amounts as we deem appropriate. Purchases under our stock repurchase program can be
discontinued at any time that we feel additional purchases are not warranted.
(3)
Represents the amount remaining in the VMware Repurchase Program as of the end of each month.
(4)
Amounts do not include potential purchases by EMC.