Charles Schwab 2014 Annual Report Download - page 34

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THE CHARLES SCHWAB CORPORATION
- 16 -
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 2014:
Total Number of Approximate Dollar
Shares Purchased Value of Shares that
Total Number of Average as Part of Publicly May Yet be Purchased
Shares Purchased Price Paid Announced Program (1) under the Program
Month (in thousands) per Share (in thousands) (in millions)
October:
Share Repurchase Program (1) - $ - - $ 596
Employee transactions (2) 21 $ 29.21 N/A N/A
N
ovember:
Share Repurchase Program (1) - $ - - $ 596
Employee transactions (2) 1,132 $ 28.59 N/A N/A
December:
Share Repurchase Program (1) - $ - - $ 596
Employee transactions (2) 5 $ 28.00 N/A N/A
Total:
Share Repurchase Program (1) - $ - - $ 596
Employee transactions (2) 1,158 $ 28.60 N/A N/A
N/A Not applicable.
(1) There were no share repurchases under the Share Repurchase Program during the fourth quarter. There were two
authorizations under this program by CSC’s Board of Directors, each covering up to $500 million of common stock that
were publicly announced by the Company on April 25, 2007, and March 13, 2008. The remaining authorizations do not
have an expiration date.
(2) 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
delivered or attested to pay the exercise price and/or to satisfy tax withholding obligations by employees who exercise
stock options (granted under employee stock incentive plans), which are commonly referred to as stock swap exercises.