Activision 2008 Annual Report Download - page 111

Download and view the complete annual report

Please find page 111 of the 2008 Activision annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 116

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116

97
Stock Splits
In July 2008, the Board of Directors approved a two-for-one split of our outstanding
common stock effected in the form of a stock dividend (“the split”). The split was paid
September 5, 2008 to shareholders of record as of August 25, 2008. The par value of our common
stock was maintained at the pre-split amount of $.000001 per share. The Consolidated Financial
Statements and Notes thereto, including all share and per share data, have been restated as if the
split had occurred as of the earliest period presented.
Issuer Repurchase of Equity Securities (amounts in millions, except number of shares and per
share data)
The following table provides the number of shares repurchased and average price paid
per share during the quarter ended December 31, 2008, and the approximate dollar value of shares
that may yet be purchased under our $1 billion stock repurchase program as of December 31,
2008.
Period
Total
number
of shares
repurchased
Average
price
paid
per
share
Total dollar value of
shares purchased as
part
of publicly
announced
plans or programs
(in millions)
Approximate dollar
value
of shares that may
yet be purchased
under the plan
(in millions)
October 1, 2008—October 31, 2008 ... — $— $— $—
November 1, 2008—November 30,
2008................................................. — — — —
December 1, 2008—December 31,
2008 (1) ........................................... 12,967,265 9.68 126 874
Total .................................................... 12,967,265 $9.68 $126 $874
(1) On November 5, 2008, we announced that our Board of Directors authorized a
stock repurchase program under which we may repurchase up to $1 billion of our common stock.
Under this program, we may repurchase our common stock from time to time on the open market
or in private transactions, including structured or accelerated transactions. We will determine the
timing and amount of repurchases based on our evaluation of market conditions and other factors.
The repurchase program may be suspended or discontinued by the Company at any time.