Adobe 2011 Annual Report Download - page 50

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50
Issuer Purchases of Equity Securities
Below is a summary of stock repurchases for the three months ended December 2, 2011. See Note 14 of our Notes to
Consolidated Financial Statements for information regarding our stock repurchase programs.
Period
Beginning repurchase authority
September 3—September 30, 2011
Shares repurchased
October 1—October 28, 2011
Shares repurchased
October 29—December 2, 2011
Shares repurchased
Total
Shares
Repurchased
(in thousands, except average price per share)
2,007
—
—
2,007
Average
Price
Per
Share
$ 25.16
$ —
$ —
Total
Number of
Shares
Purchased
as Part of
Publicly
Announced
Plans
2,007
—
—
2,007
Approximate
Dollar Value
that May
Yet be
Purchased
Under the
Plan(1)
355,485
$(50,485)
$ —
$ —
$ 305,000
(2)
_________________________________________
(1) In June 2010, our Board of Directors approved an amendment to change our stock repurchase program from a non-expiring
share-based authority to a time-constrained dollar-based authority. As part of this amendment, the Board of Directors granted
authority to repurchase up to $1.6 billion in common stock through the end of fiscal 2012.
(2) In June 2011, as part of the amended program, we entered into a structured stock repurchase agreement with a large financial
institution whereupon we provided them with a prepayment of $150.0 million. As of December 2, 2011, no prepayments
remained under this agreement.
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