eTrade 2005 Annual Report Download - page 28

On December15, 2004, we announced that our Board of Directors approved an additional $200 million repurchase plan (the “December
2004 Plan”.) The December 2004 Plan is open-ended and provides the flexibility to buy back common stock, retire debt or a combination
of both. We may conduct these repurchases on the open market, in private transactions or a combination of both. In 2005, we
purchased 1.6million shares at an average price of $12.73 per share. We did not repurchase any shares during the three months ended
December31, 2005. We did not repurchase any shares under this plan in 2004. There is $179.8 million available under this plan for
additional repurchases as of December31, 2005.
April 2004 Plan
On April29, 2004, we announced that our Board of Directors approved a $200 million repurchase program (the “April 2004 Plan”.) The
April 2004 Plan was open-ended and provided the flexibility to buy back common
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2006. EDGAR Online, Inc.