31.10.2014 Views

Nu Skin 2010 Annual Report - Direct Selling News

Nu Skin 2010 Annual Report - Direct Selling News

Nu Skin 2010 Annual Report - Direct Selling News

SHOW MORE
SHOW LESS

You also want an ePaper? Increase the reach of your titles

YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.

We expect to continue to pay dividends on our common stock. However, the declaration of dividends is subject to the discretion of our board<br />

of directors and will depend upon various factors, including our net earnings, financial condition, cash requirements, future prospects and other factors<br />

deemed relevant by our board of directors.<br />

Purchases of Equity Securities by the Issuer<br />

(a) (b) (c) (d)<br />

Total <strong>Nu</strong>mber of Shares<br />

Purchased as Part of<br />

Publicly Announced<br />

Plans or Programs<br />

Approximate Dollar Value<br />

of Shares that may yet be<br />

Purchased Under the<br />

Plans or Programs<br />

(in millions) (1)<br />

Total <strong>Nu</strong>mber<br />

Period<br />

of Shares<br />

Purchased<br />

Average Price<br />

Paid per Share<br />

October 1 – 31, <strong>2010</strong> . . . . . . . . . . . . . . . 12,649 $ 29.21 10,500 $ 160.8<br />

November 1 – 30, <strong>2010</strong> . . . . . . . . . . . . 105,000 30.80 105,000 157.6<br />

December 1 – 31, <strong>2010</strong> . . . . . . . . . . . . 157,446 31.29 146,000 153.6<br />

Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 275,095 (2) 31.01 261,500<br />

(1)<br />

In August 1998, our board of directors approved a plan to repurchase $10.0 million of our Class A common stock on the open market or in private transactions. Our board has<br />

from time to time increased the amount authorized under the plan, including a $150.0 million increase in June <strong>2010</strong>. A total amount of approximately $485.0 million is currently<br />

authorized under the plan. As of December 31, <strong>2010</strong>, $153.6 million was available for repurchases under the stock repurchase program. There has been no termination or expiration<br />

of the plan since the initial date of approval.<br />

(2)<br />

We have authorized the repurchase of shares acquired by our employees and distributors in certain foreign markets because of regulatory and other issues that make it difficult<br />

or costly for these persons to sell such shares in the open market. These shares were awarded or acquired in connection with our initial public offering in 1996. Of the shares listed<br />

in this column, 2,149 shares in October at an average price per share of $31.79 and 11,446 shares in December at an average price per share of $31.61, relate to repurchases from<br />

such employees and distributors.<br />

32

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!