Union Pacific 2009 Annual Report Download - page 22

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22
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, 2004, and that all dividends were
reinvested.
Purchases of Equity Securities – During 2009, we repurchased shares of our common stock at an
average price of $55.48 solely in connection with transactions with employees under equity compensation
arrangements. The following table presents common stock repurchases during each month for the fourth
quarter of 2009:
Period
Total Number
of Shares
Purchased [a]
Average
P
rice Paid
Per Share
Total Number of Shares
P
urchased as Part of a
Publicly Announced
Plan or Program [b]
Maximum Number o
f
Shares That May Yet Be
P
urchased Under the
Plan or Program [b]
Oct. 1 through Oct. 31 5,508 $ 63.62 - 32,577,090
Nov. 1 through Nov. 30 69,523 64.90 - 32,577,090
Dec. 1 through Dec. 31 13,150 65.48 - 32,577,090
Total 88,181 $ 64.91 - N/A
[a] Total number of shares purchased during the quarter represents shares delivered or attested to UPC by employees to pay
s
tock 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 40 million shares of our common stock
through December 31, 2009. On May 1, 2008, our Board of Directors authorized additional repurchases of up to 40 million
shares of our common
s
tock through March 31, 2011. We did not repurchase any shares under this publicly announced plan
during 2009. These repurchases may be made on the open market or through other transactions. Our management has sole
discretion with respect to determining the timing and amount of these transactions.
50
100
150
200
250
2004 2005 2006 2007 2008 2009
Valueof$100Investment
ComparisonofFive‐YearCumulativeReturn
UPC PeerGroup DJTrans S&P500