Raytheon 2005 Annual Report Download - page 51

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PART II
ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY AND RELATED
STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY
SECURITIES
At February 19, 2006, there were 46,593 record holders of the Company’s common stock. The Company’s common stock
is traded on the New York Stock Exchange, the Chicago Stock Exchange and the Pacific Exchange under the symbol
“RTN”. The Company’s annual CEO certification to the New York Stock Exchange was issued on June 3, 2005. For
information concerning stock prices and dividends paid during the past two years, see “Note P—Quarterly Operating
Results (unaudited)” within Item 8 of this Form 10-K.
Issuer Purchases of Equity Securities
Period
Total Number
of Shares
Purchased(1)
Average Price Paid
per Share
Total Number
of Shares
Purchased as
Part of
Publicly
Announced
Plan
Approximate
Dollar Value of
Shares that May
Yet Be Purchased
Under the Plan(2)
October (September 26, 2005-October 23, 2005) 438,056 $38.88 421,176 $ 294 million
November (October 24, 2005-November 20, 2005) 710,270 $37.51 675,000 $ 268 million
December (November 21, 2005-December 31,
2005) 113,161 $37.18 112,787 $ 264 million
Total 1,261,487 $37.96 1,208,963
(1) Includes shares purchased related to treasury activity under the Company’s stock plans. Such activity during the fiscal fourth quarter of 2005
includes: (i) the surrender by employees of 8,159 shares of already owned common stock to pay the exercise price in connection with the exercise
of employee stock options, and (ii) the surrender by employees of 44,365 shares to satisfy tax withholding obligations in connection with the
vesting of restricted stock issued to employees.
(2) On November 30, 2004, the Board of Directors authorized the repurchase, between January 1, 2005 and December 31, 2006, of up to $700 million
of the Company’s outstanding common stock. Purchases may take place from time to time at management’s discretion depending upon market
conditions.
29