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STOCK PRICE INFORMATION AND ISSUER PURCHASES OF EQUITY SECURITIES
Our common stock is traded on The NASDAQ Stock Market under the symbol MSFT. On August 18, 2006, there were 148,993 registered holders of record of our common stock. The high and low common stock prices per share were as follows:
| Quarter Ended |
Sep. 30 |
 |
Dec. 31 |
|
Mar. 31 |
|
June 30 |
|
Year |
|
| Fiscal year 2005 |
| Common stock price per share: |
| High |
$29.00 |
|
$29.98 |
|
$26.84 |
|
$26.07 |
|
$29.98 |
| Low |
26.88 |
|
26.53 |
|
23.92 |
|
24.12 |
|
23.92 |
|
|
|
|
|
|
|
|
|
|
| Fiscal year 2006 |
|
|
|
|
|
|
|
|
|
| Common stock price per share: |
|
|
|
|
|
|
|
|
|
| High |
$27.76 |
|
$28.16 |
|
$28.15 |
|
$27.74 |
|
$28.16 |
| Low |
24.65 |
|
24.30 |
|
26.28 |
|
21.51 |
|
21.51 |
See Note 12 – Stockholders’ Equity of the Notes to Financial Statements for information regarding dividends approved by our Board of Directors in fiscal years 2006 and 2005.
On July 20, 2006, we announced the completion of the repurchase program, approved by our Board of Directors on July 20, 2004, to buy back up to $30 billion in Microsoft common stock. The repurchases were made using our cash resources. We repurchased common stock in each quarter of fiscal year 2006 as follows:
| Period |
Total number of
shares purchased |
|
Average price
paid per share |
| July 1, 2005 – Sept. 30, 2005 |
114,134,218 |
|
$26.54 |
| Oct. 1, 2005 – Dec. 31, 2005 |
283,112,246 |
|
$27.08 |
| Jan. 1, 2006 – March 31, 2006 |
180,720,830 |
|
$27.00 |
| April 1, 2006 – June 30, 2006 |
175,609,060 |
|
$23.78 |
Common stock repurchases in the fourth quarter of fiscal year 2006 were as follows:
| Period |
(a) Total number
of shares
purchased |
|
(b) Average
price paid per
share |
|
(c) Total number of
shares purchased as
part of publicly
announced plans or
programs |
|
(d) Maximum number of shares
(or approximate dollar value)
of shares that may yet be
purchased under the plans or
programs (in millions) |
| April 1, 2006 – April 30, 2006 |
38,041,415 |
|
$27.08 |
|
38,041,415 |
|
$5,394 |
| May 1, 2006 – May 31, 2006 |
8,618,036 |
|
$24.37 |
|
8,618,036 |
|
$5,184 |
| June 1, 2006 – June 30, 2006 |
128,949,609 |
|
$22.76 |
|
128,949,609 |
|
$2,249 |
|
175,609,060 |
|
|
|
175,609,060 |
|
|
On July 20, 2006, we announced that our Board of Directors authorized two new share repurchase programs: a $20 billion tender offer which was completed on August 17, 2006;
and authorization for up to an additional $20 billion ongoing share repurchase program with an expiration of June 30, 2011. Under the tender offer, we repurchased approximately 155 million shares of common stock,
or 1.5% of our common shares outstanding, for approximately $3.8 billion at a price per share of $24.75.
On August 18, 2006, we announced that the authorization for the ongoing share repurchase program, previously announced on July 20, 2006, had been increased by approximately $16.2 billion.
As a result, the company is authorized to repurchase additional shares in an amount up to $36.2 billion through June 30, 2011.
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