eTrade 2005 Annual Report Download - page 29

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stock, redeem for cash our outstanding convertible subordinated notes, retire debt in the open market or a combination of all three. We
could have conducted these repurchases on the open market, in private transactions or a combination of both. We repurchased
5.8million shares for $75.8 million under this plan in 2004. In April 2005, we completed the April 2004 Plan. In 2005, we repurchased
3.0million shares at an average price of $12.84 per share. There are no amounts available under this plan for additional repurchases as
of December31, 2005.
Sale of Unregistered Shares
In January 2005, we issued 135,256 shares of common stock in connection with our acquisition of Howard Capital Management, Inc.
No underwriters were involved, and there were no underwriting discounts or commissions. The securities were issued under the
exemption from registration provided under Section4(2) of the Securities Act. These shares of common stock were sold by the issuer in
a transaction not involving a public offering. We filed an initial registration statement on May6, 2005, and filed an amended registration
statement on February6, 2006, which was declared effective on February7, 2006.
In November 2005, we issued 1,331,902 shares of common stock in connection with our acquisition of Kobren Insight Management Inc.
No underwriters were involved, and there were no underwriting discounts or commissions. The securities were issued under the
exemption from registration provided under Section4(2) of the Securities Act. These shares of common stock were sold by the issuer in
a transaction not involving a public offering. We filed a registration statement on December12, 2005, which was declared immediately
effective.
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2006. EDGAR Online, Inc.