United Healthcare 2007 Annual Report Download - page 18

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(2) Represents the total number of shares of our common stock repurchased during the period.
(3) Represents 21,750,000 shares of our common stock repurchased during the period, of which 18,750,000 of
these shares were settled for cash on or before December 31, 2007; and 212,139 shares of our common
stock withheld by the Company, as permitted by the applicable equity award certificate, to satisfy tax
withholding obligations upon vesting of shares of restricted stock.
Unregistered Sales of Equity Securities and Use of Proceeds
In February 2007, we issued an aggregate of 139,877 unregistered shares of newly issued common stock of the
Company to two employees pursuant to the exercises of certain options previously granted to these employees
under our stock option plans at option exercise prices ranging from $5.86 to $28.93 per share. The sales were
made in reliance upon an exemption from registration under Rule 506 of Regulation D promulgated under the
Securities Act of 1933. These options were exercised on a cashless basis and we did not receive any cash
proceeds from such transactions.
Performance Graphs
The following two performance graphs compare the Company’s total return to shareholders with indexes of other
specified companies and the S&P 500 Index. The first graph compares the cumulative five-year total return to
shareholders on UnitedHealth Group’s common stock relative to the cumulative total returns of the S&P 500
index, and a customized peer group (the “Fortune 50 Group”), an index of certain Fortune 50 companies for the
five-year period ended December 31, 2007. The second graph compares our cumulative total return to
shareholders with the S&P 500 Index and an index of a group of peer companies selected by us for the five-year
period ended December 31, 2007. The Company is not included in either the Fortune 50 Group index in the first
graph or the peer group index in the second graph. In calculating the cumulative total shareholder return of the
indexes, the shareholder returns of the Fortune 50 Group companies in the first graph and the peer group
companies in the second graph are weighted according to the stock market capitalizations of the companies at
January 1 of each year. The comparisons assume the investment of $100 on December 31, 2002 in company
common stock and in each index, and that dividends were reinvested when paid.
Fortune 50 Group
The Fortune 50 Group consists of the following companies: American International Group Inc, Berkshire
Hathaway Inc, Cardinal Health Inc, Citigroup Inc, General Electric Company, International Business Machine
Corp. and Johnson & Johnson. Although there are differences in terms of size and industry, like UnitedHealth
Group, all of these companies are large multi-segment companies using a well-defined operating model in one or
more broad sectors of the economy. These companies have also distinguished themselves by the consistency of
their growth and performance, in many cases over multiple decades.
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