SanDisk 2013 Annual Report Download - page 138
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Please find page 138 of the 2013 SanDisk 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.-
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period, which will end no later than April 8, 2014. The total number of shares ultimately delivered, and
therefore the average price paid per share, will be determined at the end of the applicable purchase period
based on the volume weighted average price of our stock during that period. During the three months
ended September 29, 2013, 14.5 million shares under this ASR program were initially delivered. This does
not represent the final number of shares to be delivered under the ASR. Depending on the average price
of our common stock while the ASR is outstanding, upon the maturity of the ASR, the financial institution
may be required to deliver additional shares to us or we may be required to deliver shares to the financial
institution. We expect the purchase period for the ASR program to remain open until April 8, 2014. The
up-front payment of $1.0 billion was accounted for as a reduction to stockholders’ equity in our
Consolidated Balance Sheet.
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