Health Net 2009 Annual Report Download - page 50

The following table presents monthly information related to repurchases of our common stock, including
shares withheld by the Company to satisfy tax withholdings and exercise price obligations in 2009, as of
December 31, 2009:
Period
Total Number
of Shares
Purchased (a)
Average
Price Paid
per Share
Total Average
Price Paid
Total Number
of Shares
Purchased as
Part of Publicly
Announced
Programs (b) (c)
Maximum
Number (or
Approximate
Dollar Value) of
Shares (or Units)
that May Yet Be
Purchased Under
the Programs (c) (d)
January 1—January 31 .......... — — — — $103,349,478
February 1—February 28 ........ 95,183(e) $15.41 $ 1,466,885 — $103,349,478
March 1—March 31 ............ 2,683(e) 14.39 38,666 — $103,349,478
April 1—April 30 .............. 2(e) — — — $103,349,478
May 1—May 31................ — — — — $103,349,478
June 1—June 30................ 2(e) — — — $103,349,478
July 1—July 31 ................ 313(e) 15.71 4,916 — $103,349,478
August 1—August 31 ........... 60(e) 15.22 913 — $103,349,478
September 1—September 30 ...... 1,349(e) 17.00 22,927 — $103,349,478
October 1—October 31 .......... 8,051(e) 16.60 133,614 — $103,349,478
November 1—November 30 ...... 6,874(e) 14.77 101,523 — $103,349,478
December 1—December 31 ...... 860,898(e) 23.96 20,624,791 860,737 $ 82,728,189
975,415 $22.96 $22,394,235 860,737
(a) We did not repurchase any shares of our common stock during the twelve months ended December 31, 2009
outside our publicly announced stock repurchase program, except shares withheld in connection with our
various stock option and long-term incentive plans.
(b) Our stock repurchase program was announced in April 2002. We announced additional repurchase
authorization in August 2003, October 2006 and October 2007.
(c) A total of $700 million of our common stock can be repurchased under our stock repurchase program.
Additional amounts may be added to the program based on exercise proceeds and tax benefits the Company
receives from the exercise of employee stock options, but only upon further approval by the Board of
Directors. The remaining authority under our repurchase program includes proceeds received from option
exercises and tax benefits the Company received from exercise of employee stock options, which have been
approved for inclusion in the program by the Board.
(d) Our stock repurchase program does not have an expiration date. During the twelve months ended
December 31, 2009, we did not have any repurchase program that expired, and we did not terminate any
repurchase program prior to its expiration date.
(e) Includes shares withheld by the Company to satisfy tax withholding and/or exercise price obligations arising
from the vesting and/or exercise of restricted stock units, stock options and other equity awards.
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