Best Buy 2011 Annual Report Download - page 30

We consider several factors in determining when to make share repurchases including, among other things, our cash
needs, the availability of funding and the market price of our stock. We expect that cash provided by future operating
activities, as well as available cash and cash equivalents and short-term investments, will be the sources of funding for our
share repurchase program. Based on the anticipated amounts to be generated from those sources of funds in relation to
the remaining authorization approved by our Board under the June 2007 share repurchase program, we do not expect
that future share repurchases will have a material impact on our short-term or long-term liquidity.
The following table presents the total number of shares of our common stock that we purchased during the fourth quarter
of fiscal 2011, the average price paid per share, the number of shares that we purchased as part of our publicly
announced repurchase program, and the approximate dollar value of shares that still could have been purchased at the
end of the applicable fiscal period, pursuant to our June 2007 share repurchase program:
Total Number of Approximate Dollar
Shares Purchased Value of Shares
Total Number Average as Part of Publicly that May Yet Be
of Shares Price Paid Announced Plans Purchased Under the
Fiscal Period Purchased per Share or Programs(1) Plans or Programs(1)
November 28, 2010, through January 1, 2011 — $ — — $1,372,000,000
January 2, 2011, through January 29, 2011 — — — 1,372,000,000
January 30, 2011, through February 26, 2011 1,855,740 35.66 1,855,740 1,307,000,000
Total Fiscal 2011 Fourth Quarter 1,855,740 35.66 1,855,740 1,307,000,000
(1) ‘‘Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs’’ reflects our $5.5 billion share
repurchase program announced on June 27, 2007, less the $3.0 billion we purchased in fiscal 2008 under our accelerated share
repurchase program and the $1.2 billion we purchased in fiscal 2011. There is no stated expiration for the June 2007 share
repurchase program.
Securities Authorized for Issuance Under Equity Compensation Plans
The following table provides information about our common stock that may be issued under our equity compensation
plans as of February 26, 2011.
Securities to Be Issued Weighted Securities
Upon Exercise of Average Available
Outstanding Exercise Price for Future
Plan Category Options per Share(1) Issuance(2)
Equity compensation plans approved by security holders(3) 40,131,027(4) $38.97 6,942,317
Equity compensation plans not approved by security holders(5) 11,250 $34.44 n/a
Total 40,142,277 $38.97 6,942,317
(1) Includes weighted-average exercise price of outstanding stock options only.
(2) Includes 3,525,553 shares of our common stock which have been reserved for issuance under our 2008 and 2003 Employee Stock
Purchase Plans.
(3) Includes our 1994 Full-Time Non-Qualified Stock Option Plan, as amended; our 1997 Directors’ Non-Qualified Stock Option Plan,
as amended; our 1997 Employee Non-Qualified Stock Option Plan, as amended; and our 2004 Omnibus Stock and Incentive
Plan, as amended.
(4) Includes grants of stock options and market-based, performance-based and time-based restricted stock.
(5) Represents non-plan options issued to a former executive officer in April 2002 in consideration of his service to the Board prior to
his employment with us. The options, which were fully vested upon grant, have an exercise price of $34.44 per share and expire on
April 11, 2012.
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