Dell 2005 Annual Report Download - page 21

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Table of Contents
Purchases of Equity Securities by the Issuer and Affiliated Purchasers
Dell has a share repurchase program that authorizes it to purchase shares of common stock in order to both distribute cash to stockholders and
manage dilution resulting from shares issued under Dell's equity compensation plans. However, Dell does not currently have a policy that
requires the repurchase of common stock in conjunction with share-based payment arrangements. As of February 3, 2006, Dell's share
repurchase program authorized the purchase of up to 1.5 billion shares of common stock at an aggregate cost not to exceed $30 billion. As of
February 3, 2006, 123 million shares of common stock at an aggregate cost of $4.4 billion were available for future purchases under the share
repurchase program. The following are details of repurchases under this program for the fourth quarter of fiscal 2006:
Total Maximum
Number Number of
of Shares Shares that
Repurchased May Yet Be
as Part of Repurchased
Total Number Average Publicly Under the
of Shares Price Paid Announced Announced
Period Repurchased(a) per Share Plan Plan(b)
(in millions, except average price paid per share)
Repurchases from October 29, 2005 through November 25, 2005 28 $ 29.76 28 161
Repurchases from November 26, 2005 through December 30, 2005 16 $ 31.33 16 145
Repurchases from December 31, 2005 through February 3, 2006 22 $ 30.20 22 123
Total 66 $ 30.29 66
(a) All shares were purchased in open-market transactions.
(b) Dell's share repurchase program was announced on February 20, 1996; up to 1.5 billion shares of common stock at an aggregate cost not to exceed $30 billion are currently authorized
to be purchased. 18