Charter 2011 Annual Report Download - page 44

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32
(G) Purchases of Equity Securities by the Issuer
The following table presents Charter's purchases of equity securities completed during the fourth quarter of 2011.
Period
October 1 - 31, 2011
November 1 - 30, 2011
December 1 - 31, 2011
(a)
Total Number of
Shares Purchased
629,140 (1)
1,004,790 (1)(2)
6,043,554 (1)(3)
(b)
Average Price Paid
per Share
$48.38
$52.14
$53.73
(c)
Total Number of
Shares Purchased as
Part of Publicly
Announced Plans or
Programs
629,140
863,615
201,600
(d)
Maximum Number of
Shares that May Yet
Be Purchased Under
the Plans or
Programs
N/A
N/A
N/A
(1) In August 2011, Charter’s board of directors authorized the repurchase of up to $200 million of Charter’s Class A common
stock and outstanding warrants. As of December 31, 2011, we had completed our purchases under this authorization
with approximately 4.125 million shares of Charter’s Class A common stock being purchased for a total of approximately
$200 million.
(2) In November 2011, Charter withheld 141,175 shares of its common stock in payment of income tax withholding owed
by employees upon vesting of restricted shares.
(3) In December 2011, following approval by a committee of independent directors of the Board of Directors of Charter,
Charter agreed to purchase 5.891 million shares in privately negotiated transactions for a total of $321 million, or an
average of $54.46 per share. Charter entered into a stock repurchase agreement with a shareholder to purchase 750,000
shares at $55.18, a 1% discount to the closing price on December 22, 2011. We received 700,668 of the shares prior to
December 31, 2011, with 49,332 shares received in January 2012. Charter subsequently agreed to acquire an aggregate
of 5.141 million shares from certain funds affiliated with Oaktree Capital Management and Apollo Management Holdings
at the price of $54.35 per share, a 3.5% discount to the December 23, 2011 closing price.