Xerox 2015 Annual Report Download - page 40

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Total Return To Shareholders
Year Ended December 31,
(Includes reinvestment of dividends) 2010 2011 2012 2013 2014 2015
Xerox Corporation $ 100.00 $ 70.46 $61.75 $112.78 $131.00 $103.09
S&P 500 Index 100.00 102.11 118.45 156.82 178.29 180.75
S&P 500 Information Technology Index 100.00 102.41 117.59 151.03 181.40 192.15
Source: Standard & Poor's Investment Services
Notes: Graph assumes $100 invested on December 31, 2010 in Xerox, the S&P 500 Index and the S&P 500 Information
Technology Index, respectively, and assumes dividends are reinvested.
SALES OF UNREGISTERED SECURITIES DURING THE QUARTER ENDED DECEMBER 31, 2015
During the quarter ended December 31, 2015, Registrant issued the following securities in transactions that were
not registered under the Securities Act of 1933, as amended (the “Act”).
Dividend Equivalent
(a) Securities issued on October 31, 2015: Registrant issued 5,522 deferred stock units (DSUs), representing the
right to receive shares of Common stock, par value $1 per share, at a future date.
(b) No underwriters participated. The shares were issued to each of the non-employee Directors of Registrant:
Richard J. Harrington, William Curt Hunter, Robert J. Keegan, Charles Prince, Ann N. Reese, Stephen
Rusckowski, Sara Martinez Tucker, and Mary Agnes Wilderotter.
(c) The DSUs were issued at a deemed purchase price of $9.635 per DSU (aggregate price $53,204), 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, 2015
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 — $ ——$ 244,710,381
November 1 through 30 — ——244,710,381
December 1 through 31 — ——244,710,381
Total — —
_____________
(1) Exclusive of fees and costs.
(2) Of the cumulative $8.0 billion of share repurchase authority granted by our Board of Directors, exclusive of fees and expenses,
approximately $7.8 billion has been used through December 31, 2015. 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.
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