Seagate 2012 Annual Report Download - page 104

Table of Contents
SEAGATE TECHNOLOGY PLC
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
The following table sets forth information with respect to repurchases of the Company's ordinary shares during fiscal year 2013, 2012 and
2011:
11. Compensation
Stock-Based Compensation Plans
The Company's stock-based compensation plans have been established to promote the Company's long-term growth and financial success
by providing incentives to its employees, directors, and consultants through grants of share-based awards. The provisions of the Company's
stock-based benefit plans, which allow for the grant of various types of equity-based awards, are also intended to provide greater flexibility to
maintain the Company's competitive ability to attract, retain and motivate participants for the benefit of the Company and its shareholders.
Seagate Technology plc 2012 Equity Incentive Plan (the "EIP"). On October 26, 2011, the shareholders approved the EIP and authorized
the issuance of up to a total of 27,000,000 ordinary shares, par value $0.0001 per share, plus any shares remaining available for grant under the
Seagate Technology plc 2004 Share Compensation Plan (the "SCP") as of the effective date of the EIP (which was equal to 11,041,148 ordinary
shares as of the effective date of the EIP and which will increase by such additional number of shares as will be returned to the share reserve in
respect of awards previously granted under the SCP) (together, the "Share Reserve"). Any shares that are subject to options or share appreciation
rights granted under the EIP will be counted against the Share Reserve as one share for every one share granted, and any shares that are subject
to restricted share bonus awards, restricted share units, performance share bonus awards or performance share awards (collectively, "Full-Value
Share Awards") will generally be counted against the Share Reserve as two and one-tenth shares for every one share granted. As of June 28,
2013, there were approximately 28.3 million ordinary shares available for issuance under the EIP.
Seagate Technology plc 2004 Share Compensation Plan (the "SCP"). A maximum of 63.5 million ordinary shares were issuable under
the SCP, including 10 million authorized for issuance of share awards and restricted units. On November 4, 2011, the Company filed Post-
Effective Amendment No. 1 to deregister 11,041,148 ordinary shares that remained available for grant as of October 27, 2011 under the SCP and
no shares have been granted from the SCP subsequent to that date.
96
(In millions)
Number of
Shares
Repurchased
Dollar Value
of Shares
Repurchased
Cumulative repurchased as of July 2, 2010
32
$
584
Repurchased in fiscal year 2011
57
(1)
822
(1)
Cumulative repurchased through July 1, 2011
89
1,406
Repurchased in fiscal year 2012
101
(2)
2,426
(2)
Cumulative repurchased through June 29, 2012
190
3,832
Repurchased in fiscal year 2013
54
1,654
Cumulative repurchased through June 28, 2013
244
$
5,486
(1) Represents repurchases under the January 2010 Anti-Dilution Share Repurchase Program.
(2) Includes 21 million shares of repurchases or $305 million under the January 2010 Anti-Dilution Share Repurchase
Program.