ADP 2009 Annual Report Download - page 10
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Issuer Purchases of Equity Securities
There is no expiration date for the common stock repurchase plan.
10
(a) (b) (c) (d)
Total Number Maximum
of Shares Number of Shares
Purchased as Part that may yet be
of the Publicly Purchased under
Announced the Common
Total Number of Average Price Common Stock Stock Repurchase
Period Shares Purchased (1) Paid per Share Repurchase Plan (2) Plan (2)
April 1, 2009 to
April 30, 2009 1,206 $34.61 -- 47,023,533
May 1, 2009 to
May 31, 2009 -- -- -- 47,023,533
June 1, 2009 to
June 30, 2009 5,201 $36.50 -- 47,023,533
Total 6,407 --
(1)
Pursuant to the terms of the Company’ s restricted stock program, the Company made purchases of 1,206 shares during April 2009 and
5,201 shares during June 2009 at the then market value of the shares in connection with the exercise by employees of their option under
such program to satisfy certain tax withholding requirements through the delivery of shares to the Company instead of cash.
(2) The Company received the Board of Directors’ approval to repurchase shares of the Company’ s common stock as follows:
Date of Approval Shares
March 2001 50 million
N
ovember 2002 35 million
N
ovember 2005 50 million
August 2006 50 million
August 2008 50 million