Adobe 2012 Annual Report Download - page 53
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53
Issuer Purchases of Equity Securities
Below is a summary of stock repurchases for the three months ended November 30, 2012. See Note 13 of our Notes to
Consolidated Financial Statements for information regarding our stock repurchase programs.
Period Shares
Repurchased
Average
Price
Per
Share
Total
Number of
Shares
Purchased
as Part of
Publicly
Announced
Plans
Approximate
Dollar Value
that May
Yet be
Purchased
Under the
Plan(1)
(in thousands, except average price per share)
Beginning repurchase authority............................. 2,000,000
September 1—September 28, 2012.......................
Shares repurchased.............................................. — $ — — $ —
September 29—October 26, 2012.........................
Shares repurchased.............................................. 1,024 $ 32.56 1,024 $ (33,333)(2)
October 27—November 30, 2012 .........................
Shares repurchased.............................................. 1,014 $ 33.18 1,014 $ (33,662)(2)
Total....................................................................... 2,038 2,038 $ 1,933,005
_________________________________________
(1) In April 2012, the Board of Directors approved a new stock repurchase program granting authority to repurchase up to $2.0
billion in common stock through the end of fiscal 2015. The new stock repurchase program approved by our Board of Directors
is similar to our previous $1.6 billion stock repurchase program granted by the Board of Directors in June 2010, which was
exhausted during fiscal 2012.
(2) In September 2012, as part of the new stock repurchase program, we entered into a structured stock repurchase agreement
with a large financial institution whereupon we provided them with a prepayment of $100.0 million. As of November 30,
2012, approximately $33.0 million of the prepayment remained under this agreement.
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