Charles Schwab 2010 Annual Report Download - page 29

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THE CHARLES SCHWAB CORPORATION
Issuer Purchases of Equity Securities
The following table summarizes purchases made by or on behalf of CSC of its common stock for each calendar month in the fourth
quarter of 2010:
N/A Not applicable.
Month
Total Number
of Shares
Purchased
(in thousands)
Average
Price Paid
p
er Share
Total Number of
Shares Purchased
as Part of Publicly
Announced
Program
(in thousands)
Approximate
Dollar Value of
Shares that May
Yet be Purchased
under the Program
(in millions)
October:
Share Re
p
urchase Pro
g
ram
—
$
—
—
$596
Em
p
lo
y
ee transactions
4
$14.12
N/A
N/A
November:
Share Re
p
urchase Pro
g
ram
—
$
—
—
$596
Em
p
lo
y
ee transactions
490
$ 15.42
N/A
N/A
December:
Share Re
p
urchase Pro
g
ram
—
$
—
—
$596
Em
p
lo
y
ee transactions
3
$16.20
N/A
N/A
Total:
Share Re
p
urchase Pro
g
ram
—
$
—
—
$ 596
Em
p
lo
y
ee transactions
497
$ 15.41
N/A
N/A
There were no share repurchases under the Share Repurchase Program during the fourth quarter. Repurchases under this
program are under authorizations by CSC’s Board of Directors covering up to $500 million and $500 million of common stock
publicly announced by the Company on April 25, 2007, and March 13, 2008, respectively. The remaining authorizations do not
have an ex
p
iration date.
Recent Sales of Unregistered Securities
Includes restricted shares withheld (under the terms of grants under employee stock incentive plans) to offset tax withholding
obligations that occur upon vesting and release of restricted shares. The Company may receive shares to pay the exercise price
and/or to satisfy tax withholding obligations by employees who exercise stock options (granted under employee stock incentive
p
lans), which are commonl
y
referred to as stock swa
p
exercises.
In connection with the acquisition of substantially all of the assets of Windward on November 9, 2010, CSC issued 4,789,875 and
2,052,803 shares of its common stock to Windward and the Stephen J. Cucchiaro 2001 Revocable Trust, respectively. The issuance of
the shares was exempt from the registration requirements of the Securities Act of 1933, as amended, pursuant to Section 4(2) as a
transaction not involving any public offering.
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