Best Buy 2012 Annual Report Download - page 29

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We consider several factors in determining when to make share repurchases including, among other things, our cash needs, the
availability of funding, our future business plans 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 2011 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 2012, 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 2011 share repurchase program:
Fiscal Period
Total Number
of Shares
Purchased
Average
Price Paid
per Share
Total Number of
Shares Purchased
as Part of Publicly
Announced Plans
or Programs
Approximate Dollar
Value of Shares
that May Yet Be
Purchased Under the
Plans or Programs(1)
November 27, 2011, through December 31, 2011 4,699,241 $ 24.55 4,699,241 $ 4,312,000,000
January 1, 2012, through January 28, 2012 3,517,375 24.62 3,517,375 4,226,000,000
January 29, 2012, through March 3, 2012 4,576,249 25.07 4,576,249 4,111,000,000
Total Fiscal 2012 Fourth Quarter 12,792,865 24.76 12,792,865 4,111,000,000
(1) "Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs" reflects our $5.0 billion share repurchase program
announced on June 21, 2011, less the $889 million we purchased in fiscal 2012. There is no stated expiration for the June 2011 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 March 3, 2012.
Plan Category
Securities to Be
Issued
Upon Exercise of
Outstanding
Options
Weighted
Average
Exercise
Price
per Share(1)
Securities
Available
for Future
Issuance(2)
Equity compensation plans approved by security holders(3) 40,637,573 (4) $ 38.08 24,537,808
Equity compensation plans not approved by security holders(5) 11,250 $ 34.44 n/a
Total 40,648,823 $ 38.08 24,537,808
(1) Includes weighted-average exercise price of outstanding stock options only.
(2) Includes 1,852,958 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.