Nutrisystem 2008 Annual Report Download - page 26

Download and view the complete annual report

Please find page 26 of the 2008 Nutrisystem 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.

Page out of 76

  • 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

Issuer Purchases of Equity Securities
The following table provides information relating to our purchases of our common stock during the quarter
ended December 31, 2008:
Period
Total Number of
Shares Purchased
Average Price
Paid per Share
Total Number of Shares
Purchased as Part of
Publicly Announced
Plans or Programs
Approximate Dollar
Value of Shares that May
Yet Be Purchased Under
the Plans or Programs
October 1 – October 31, 2008 . . $123,068,588
November 1 – November 30,
2008 .................... 303,500 $12.08 303,500 $119,401,381
December 1 – December 31,
2008 .................... 279,700 $12.98 279,700 $115,770,450
(1) In August 2006, we announced that our Board of Directors authorized the repurchase of up to $50 million of
our outstanding shares of common stock in open-market transactions on the NASDAQ Stock Market.
Additionally, in February 2007, a repurchase program of up to $200 million of outstanding shares of
common stock was authorized and, in October 2007, an additional $100 million of outstanding shares of
common stock was authorized. The timing and actual number of shares repurchased depend on a variety of
factors including price, corporate and regulatory requirements, alternative investment opportunities and
other market conditions. The stock repurchase programs from 2007 have an expiration date of March 31,
2009, and also may be limited or terminated at any time without prior notice.
(2) During the period October 1, 2008 through December 31, 2008, 11,176 shares were surrendered by
employees to the Company for payment of the minimum tax withholding obligations.
22