Yahoo 2006 Annual Report Download - page 41

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portion of the purchase price. The December 11, 2006 issuance of our shares was made in reliance upon an
exemption from the registration requirements of the Securities Act of 1933, as amended, provided by Regulation D
or the safe harbors provided by Regulation S. The shareholders who received shares of our common stock made
representations to us as to their accredited investor status or non-U.S. person status and as to their investment intent
and financial sophistication. The shares are subject to certain restrictions on transfer, including a restriction on
transfer absent compliance with Regulation D, the safe harbors provided by Regulation S or other available
exemption from or registration under the Securities Act of 1933, as amended.
Issuer Purchases of Equity Securities
Stock repurchase activity during the three months ended December 31, 2006 was as follows:
Period
Total Number
of Shares
Purchased
(1)
Average
Price Paid
per Share
Total Number of
Shares Purchased
as Part of a
Publicly Announced
Program
Approximate Dollar
Value of Shares
that May Yet be
Purchased Under
the Programs
(in 000s)
(1)(2)
October 1 — October 31, 2006...... 8,461,728 $29.54 8,461,728 $3,000,000
November 1 — November 30, 2006 . . — — — $3,000,000
December 1 — December 31, 2006 . . — — — $3,000,000
Total ....................... 8,461,728 $29.54 8,461,728
(1)
The shares repurchased in the three months ended December 31, 2006 were under our stock repurchase program that was announced in
March 2005 with an authorized level of $3.0 billion. This program was to expire by its terms in March 2010.
(2)
In October 2006, our Board of Directors authorized a new stock repurchase program for us to repurchase up to $3.0 billion of our
outstanding shares of common stock from time to time over the next five years, depending on market conditions, share price, and other
factors. Repurchases may take place in the open market or in privately negotiated transactions, including derivative transactions, and
maybe made under a Rule 10b5-1 plan.
31