Union Pacific 2007 Annual Report Download - page 22

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18
Five-Year Performance Comparison – The following graph provides an indicator of cumulative total
shareholder returns for the Corporation as compared to the peer group index (described above), the Dow
Jones, and the S&P 500. The graph assumes that the value of the investment in the common stock of Union
Pacific Corporation and each index was $100 on December 31, 2002, and that all dividends were reinvested.
Comparison of Five-Year Cumulative Return
50
100
150
200
250
300
350
2002 2003 2004 2005 2006 2007
Value of $100 Investment .
UPC S&P 500 Peer Group DJ Trans
Purchases of Equity Securities – During 2007, we repurchased 13,266,070 shares of our common stock at an
average price of $115.66. During the first nine months of 2007, we repurchased 10,639,916 shares of our
common stock at an average price per share of $112.68. The following table presents common stock
repurchases during each month for the fourth quarter of 2007:
Period
Total
Number
of Shares
Purchased
[a]
Average
Price
Paid per
Share
Total Number of Shares
Purchased as Part of a
Publicly Announced
Plan or Program
Maximum Number of
Shares That May Yet
Be Purchased Under
the Plan or Program
[b]
Oct. 1 through Oct. 31 ......... 99,782 $128.78 - 9,774,279
Nov. 1 through Nov. 30 ....... 540,294 124.70 528,000 9,246,279
Dec. 1 through Dec. 31 ........ 1,986,078 128.53 1,869,800 7,376,479
Total...................................... 2,626,154 $127.75 2,397,800 N/A
[a] Total number of shares purchased during the quarter includes 228,354 shares delivered or attested to UPC by employees to pay stock
option exercise prices, satisfy excess tax withholding obligations for stock option exercises or vesting of retention units, and pay
withholding obligations for vesting of retention shares.
[b] On January 30, 2007, our Board of Directors authorized us to repurchase up to 20 million shares of our common stock through
December 31, 2009. We may make these repurchases on the open market or through other transactions. Our management has sole
discretion with respect to determining the timing and amount of these transactions.