Adobe 2014 Annual Report Download - page 34

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34
Issuer Purchases of Equity Securities
Below is a summary of stock repurchases for the three months ended November 28, 2014. See Note 13 of our Notes to
Consolidated Financial Statements for information regarding our stock repurchase programs.
Period
Total Number of
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............................. 367,324
August 30—September 26, 2014 ..........................
Shares repurchased.............................................. 596 $ 71.08 596 $ (42,324)
September 27—October 24, 2014.........................
Shares repurchased.............................................. 643 $ 65.86 643 $ (42,373)(2)
October 25—November 28, 2014 .........................
Shares repurchased.............................................. 611 $ 69.24 611 $ (42,318)(2)
Total....................................................................... 1,850 1,850 $ 240,309
_________________________________________
(1) We currently have authority granted by our Board of Directors to repurchase up to $2.0 billion in common stock.
(2) In September 2014, as part of our stock repurchase program, we entered into a structured stock repurchase agreement with a
large financial institution whereupon we provided them with a prepayment of $125.0 million. As of November 28, 2014,
approximately $40.3 million of the prepayment remained under this agreement.