Invacare 2011 Annual Report Download - page 45

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The following table presents information with respect to repurchases of common shares made by the
company during the three months ended December 31, 2011.
Period
Total Number of
Shares Purchased (1)
Average Price
Paid Per Share
Total Number of Shares
Purchased as Part of
Publicly Announced
Plans or Programs
Maximum Number
of Shares That May Yet
Be Purchased Under
the Plans or Programs (2)
10/1/2011-10/31/11 ........ 30,425 $21.20 — 2,453,978
11/1/2011-11/30/11 ........ — — — 2,453,978
12/1/2011-12/31/11 ........ — — — 2,453,978
Total .................... 30,425 $21.20 — 2,453,978
(1) All 30,425 shares repurchased between October 1, 2011 and October 31, 2011 were surrendered to the
company by employees for minimum tax withholding purposes in conjunction with the vesting of restricted
shares awarded to the employees under the company’s 2003 Performance Plan.
(2) In 2001, the Board of Directors authorized the company to purchase up to 2,000,000 Common Shares,
excluding any shares acquired from employees or directors as a result of the exercise of options or vesting
of restricted shares pursuant to the company’s performance plans. The Board of Directors reaffirmed its
authorization of this repurchase program on November 5, 2010, and on August 17, 2011 authorized an
additional 2,046,500 shares for repurchase under the plan. To date, the company has purchased
1,592,522 shares under this program, with authorization remaining to purchase 2,453,978 shares. The
company purchased 750,422 shares pursuant to this Board authorized program during 2011.
During 2011, the company purchased a total of $63,351,000 in principal amount of its outstanding 4.125%
Convertible Senior Subordinated Debentures due 2027 in open market transactions for an aggregate of
approximately $87,447,000, plus accrued and unpaid interest. The company may continue from time to time seek
to retire or purchase the company’s outstanding 4.125% Convertible Senior Subordinated Debentures due 2027,
in open market purchases, privately negotiated transactions or otherwise.
The equity compensation plan information required under Item 201(d) of Regulation S-K is incorporated by
reference to the information under the caption “Equity Compensation Plan Information” in the company’s
definitive Proxy Statement for the 2012 Annual Meeting of Shareholders.
I-39