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Purchases of Equity Securities by the Issuer and Affiliated Purchasers
Share repurchase activity during the three months ended September 26, 2015 was as follows (in millions, except number of shares, which
are reflected in thousands, and per share amounts):
Periods
Total Number
of Shares
Purchased
Average
Price
Paid Per
Share
Total Number
of Shares
Purchased
as Part of
Publicly
Announced
Plans or
Programs
Approximate
Dollar Value of
Shares That
May Yet Be
Purchased
Under the
Plans or
Programs (1)
June 28, 2015 to August 1, 2015:
May 2015 ASR 9,973 (2) (2) 9,973 (2)
Open market and privately negotiated purchases 15,882 $ 124.66 15,882
August 2, 2015 to August 29, 2015:
Open market and privately negotiated purchases 68,526 $ 114.15 68,526
August 30, 2015 to September 26, 2015:
Open market and privately negotiated purchases 37,394 $ 112.94 37,394
Total 131,775 $ 36,024
(1) In 2012, the Company’s Board of Directors authorized a program to repurchase up to $10 billion of the Company’s common stock
beginning in 2013. The Company’s Board of Directors increased the authorization to repurchase the Company’s common stock to
$60 billion in April 2013, to $90 billion in April 2014 and to $140 billion in April 2015. As of September 26, 2015, $104 billion of the
$140 billion had been utilized. The remaining $36 billion in the table represents the amount available to repurchase shares under the
authorized repurchase program as of September 26, 2015. The Company’s share repurchase program does not obligate it to acquire
any specific number of shares. Under the program, shares may be repurchased in privately negotiated and/or open market
transactions, including under plans complying with Rule 10b5-1 under the Exchange Act.
(2) In May 2015, the Company entered into an accelerated share repurchase arrangement (“ASR”) to purchase up to $6.0 billion of the
Company’s common stock. In July 2015, the purchase period for this ASR ended and an additional 10.0 million shares were delivered
and retired. In total, 48.3 million net shares were delivered under this ASR at an average repurchase price of $124.24.
Apple Inc. | 2015 Form 10-K | 20