Adobe 2004 Annual Report Download - page 30

Download and view the complete annual report

Please find page 30 of the 2004 Adobe 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 108

  • 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

30
(c) Below is a summary of stock repurchases for the quarter ended December 3, 2004 (in thousands, except average
price per share). See Note 12 of our Notes to Consolidated Financial Statements for information regarding our stock
repurchase programs.
Plan/Period
Shares
Repurchased(1)
Average
Price Per
Share
Maximum
Number of Shares
that May Yet be
Purchased
Stock Repurchase Program I
Beginning shares available to be
repurchased as of September 3, 2004
21,176,712
September 4, 2004 – October 1, 2004
From employees(2) 119 $ 45.47
Structured repurchases 1,121,292 47.38
October 2, 2004 – October 29, 2004
From employees(2) 137 51.34
Structured repurchases 913,820 50.62
October 30, 2004 – December 3, 2004
From employees(2) 42 56.67
Structured repurchases 478,169 54.52
Adjustments to repurchase authority
for net dilution
―
9,598,521(3)
Total shares repurchased 2,513,579 (2,513,579)
Ending shares available to be
repurchased as of December 3, 2004
28,261,654(4)
(1) All shares were purchased as part of publicly announced plans.
(2) The repurchases from employees represent shares canceled when surrendered in lieu of cash payments for withholding taxes due.
(3) Adjustment of authority to reflect changes in the dilution from outstanding shares and options.
(4) The remaining authorization for the ongoing stock repurchase program is determined by combining all stock issuances, net of any
canceled, surrendered or exchanged shares less all stock repurchases under the ongoing plan, beginning in the first quarter of fiscal
1998.