Charles Schwab 2015 Annual Report Download - page 39
Download and view the complete annual report
Please find page 39 of the 2015 Charles Schwab annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29 -
30 -
31 -
32 -
33 -
34 -
35 -
36 -
37 -
38 -
39 -
40 -
41 -
42 -
43 -
44 -
45 -
46 -
47 -
48 -
49 -
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
 |
 |
THE CHARLES SCHWAB CORPORATION
- 19 -
Issuer Purchases of Equity Securities
At December 31, 2015, approximately $596 million of future share repurchases are authorized under the Share Repurchase
Program. There were no share repurchases 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.
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 2015:
Total Number of Average
Shares Purchased Price Paid
Month (in thousands) per Share
October:
Employee transactions (1) 17 $ 28.17
N
ovember:
Employee transactions (1) 1,101 $ 31.07
December:
Employee transactions (1) 5 $ 33.67
Total:
Employee transactions (1) 1,123 $ 31.04
(1) 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.