Xerox 2013 Annual Report Download - page 42

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(c) The DSUs were issued at a deemed purchase price of $10.31 per DSU (aggregate price $45,446), based
upon the market value of our Common Stock on the date of record, in payment of the dividend equivalents
due to DSU holders pursuant to Registrant’s 2004 Equity Compensation Plan for Non-Employee Directors.
(d) Exemption from registration under the Act was claimed based upon Section 4(2) as a sale by an issuer not
involving a public offering.
Issuer Purchases of Equity Securities During the Quarter Ended December 31, 2013
Repurchases of Xerox Common Stock, par value $1 per share include the following:
Board Authorized Share Repurchase Program:
Total Number of
Shares
Purchased
Average Price
Paid per Share(1)
Total Number of
Shares Purchased
as Part of Publicly
Announced Plans or
Programs(2)
Maximum Approximate
Dollar Value of Shares
That May Yet Be
Purchased Under the
Plans or Programs(2)
October 1 through 31 7,223,202 $ 10.38 7,223,202 $1,062,105,745
November 1 through 30 18,582,549 10.54 18,582,549 1,366,170,836
December 1 through 31 22,000,684 11.45 22,000,684 1,114,257,534
Total 47,806,435 47,806,435
_____________
(1) Exclusive of fees and costs.
(2) In November 2013, the Board of Directors authorized an additional $500 million in share repurchase. Of the cumulative $6.5 billion of share
repurchase authority granted by our Board of Directors, exclusive of fees and expenses, approximately $5.4 billion has been used through
December 31, 2013. Repurchases may be made on the open market, or through derivative or negotiated transactions. Open-market
repurchases will be made in compliance with the Securities and Exchange Commission’s Rule 10b-18, and are subject to market
conditions, as well as applicable legal and other considerations.
Repurchases Related to Stock Compensation Programs(1):
Total Number of
Shares
Purchased
Average Price
Paid per Share(2)
Total Number of Shares
Purchased as Part of
Publicly Announced
Plans or Programs
Maximum Number
(or Approximate Dollar Value)
of Shares That May Yet Be
Purchased under the Plans or
Programs
October 1 through 31 24,660 $ 10.49 n/a n/a
November 1 through 30 10,896 10.02 n/a n/a
December 1 through 31 — — n/a n/a
Total 35,556
______________
(1) These repurchases are made under a provision in our restricted stock compensation programs for the indirect repurchase of shares through
a net-settlement feature upon the vesting of shares in order to satisfy minimum statutory tax-withholding requirements.
(2) Exclusive of fees and costs.
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