Kohl's 2010 Annual Report Download - page 19
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Table of Contents
In February 2011, our Board of Directors increased the remaining share repurchase authorization under our existing share repurchase program by $2.6
billion, from $900 million to $3.5 billion. Purchases under the repurchase program may be made in the open market, through block trades and other
negotiated transactions. We expect to execute the share repurchase program primarily in open market transactions, subject to market conditions and to complete
the program by the end of Fiscal 2013. There is no fixed termination date for the repurchase program, and the program may be suspended, discontinued or
accelerated at any time.
The following table contains information for shares repurchased and shares acquired from employees in lieu of amounts required to satisfy minimum
tax withholding requirements upon the vesting of the employees’ restricted stock during the three fiscal months ended January 29, 2011:
Oct. 31 – Nov. 27, 2010 12,564,961 $53.10 12,563,942 $866
Nov. 28, 2010 – Jan. 1, 2011 3,849,395 53.10 3,849,088 866
Jan. 2 – Jan. 29, 2011 1,513,978 53.10 1,513,978 866
Total 17,928,334 $53.10 17,927,008 $3,500(1)
(1) Includes additional repurchases authorized in February 2011
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