3M 2009 Annual Report Download - page 17

11
Issuer Purchases of Equity Securities
Repurchases of common stock are made to support the Company’s stock-based employee compensation plans and
for other corporate purposes. In February 2007, 3M’s Board of Directors authorized a two-year share repurchase of
up to $7.0 billion for the period from February 12, 2007 to February 28, 2009. In February 2009, 3M’s Board of
Directors extended this share repurchase authorization until the remaining $2.6 billion (as of December 31, 2009) is
fully utilized.
Issuer Purchases of Equity
Securities (registered pursuant to
Section 12 of the Exchange Act)
Period
Total
Number of
Shares
Purchased(1)
Average Price
Paid per Share
Total
Number of
Shares
Purchased
as Part of
Publicly
Announced
Plans or
Programs
Maximum
Approximate
Dollar Value
of Shares
that May
Yet Be
Purchased
under the
Plans or
Programs
(Millions)
January 1-31, 2009 ............................................. 2,921 $ 54.03 — $ 2,567
February 1-28, 2009............................................ — $ — — $ 2,567
March 1-31, 2009 ................................................ 1,661 $ 50.33 — $ 2,567
Total January 1-March 31, 2009...................... 4,582 $ 52.69 — $ 2,567
April 1-30, 2009 ................................................... 62,049 $ 54.39 — $ 2,567
May 1-31, 2009 ................................................... 32,173 $ 58.71 — $ 2,567
June 1-30, 2009 .................................................. 682 $ 60.03 — $ 2,567
Total April 1-June 30, 2009 ............................. 94,904 $ 55.90 — $ 2,567
July 1-31, 2009.................................................... 19,780 $ 56.87 — $ 2,567
August 1-31, 2009............................................... 30,321 $ 71.72 — $ 2,567
September 1-30, 2009 ........................................ 10,047 $ 73.92 — $ 2,567
Total July 1-September 30, 2009................. 60,148 $ 67.21 — $ 2,567
October 1-31, 2009 ............................................. 33,643 $ 76.30 — $ 2,567
November 1-30, 2009.......................................... 11,260 $ 77.51 — $ 2,567
December 1-31, 2009.......................................... 49,882 $ 81.94 — $ 2,567
Total October 1 — December 31, 2009 .......... 94,785 $ 79.41 — $ 2,567
Total January 1 — December 31, 2009 .............. 254,419 $ 67.27 — $ 2,567
(1) The total number of shares purchased includes: (i) shares purchased under the Board’s authorizations
described above, and (ii) shares purchased in connection with the exercise of stock options (which combined
totaled 2,921 shares in January 2009, 1,661 shares in March 2009, 62,049 shares in April 2009, 32,173
shares in May 2009, 682 shares in June 2009, 19,780 shares in July 2009, 30,321 shares in August 2009,
10,047 shares in September 2009, 33,643 shares in October 2009, 11,260 shares in November 2009, and
49,882 shares in December 2009).