Dell 2006 Annual Report Download - page 22
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Table of Contents
approximately 1,100 current and former employees, including certain executive and former executive officers, and are
expected to total approximately $113 million.
Share Repurchase Program
We have a share repurchase program that authorizes us to purchase shares of common stock in order to increase
shareholder value and manage dilution resulting from shares issued under our equity compensation plans. However, we do
not currently have a policy that requires the repurchase of common stock in conjunction with share-based payment
arrangements. As of February 2, 2007, our share repurchase program authorized the purchase of shares of common stock
at an aggregate cost not to exceed $30.0 billion, and through that date, $28.6 billion had been spent to repurchase shares.
We suspended our share repurchase program in September 2006 pending completion of the Audit Committee investigation.
During the fourth quarter of Fiscal 2007, no shares were repurchased under this program; however, shares were withheld
from certain employees to pay taxes and fees associated with the employees' exercise of stock options or the vesting of
restricted stock. The following table sets forth information regarding our repurchases or acquisitions of common stock during
the fourth quarter of Fiscal 2007:
Total Approximate
Number of Dollar Value
Shares of Shares that
Repurchased May Yet Be
as Part of Repurchased
Total Number Average Publicly Under the
of Shares Price Paid Announced Announced
Period Repurchased per Share Plan Plan(b)
(in millions)
Repurchases from November 4, 2006 through December 1, 2006 — N/A — $ 1,415
Repurchases from December 2, 2006 through December 29, 2006 870(a) $ 25.72 — $ 1,415
Repurchases from December 30, 2006 through February 2, 2007 — N/A — $ 1,415
Total 870 $ 25.72 —
(a) These shares were not purchased pursuant to our share repurchase program, but were withheld from employees upon the exercise of stock
options or the vesting of restricted stock in order to pay the exercise price and required tax withholding.
(b) Our share repurchase program was announced on February 20, 1996, and the program authorizes us to purchase shares at an aggregate cost
not to exceed $30.0 billion.
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