Bring on tomorrow - AIG.com

ITEM 8 / NOTE 17. TOTAL EQUITY.....................................................................................................................................................................................17. TOTAL EQUITY..............................................................................................................................................................................................Shares Outstanding..............................................................................................................................................................................................The following table presents a rollforward of outstanding shares:Year EndedDecember 31, 2010Shares, beginning ofyear 400,000 300,000 100,000 – 141,732,263 (6,661,356) 135,070,907Issuances – – – – 5,391,804 – 5,391,804Shares exchanged – – – – – 448 448Shares, end of year 400,000 300,000 100,000 – 147,124,067 (6,660,908) 140,463,159Year EndedDecember 31, 2011Shares, beginning ofyear 400,000 300,000 100,000 – 147,124,067 (6,660,908) 140,463,159Issuances – – – 20,000 100,799,653 – 100,799,653Settlement of equityunit stock purchasecontracts – – – – 3,606,417 – 3,606,417Shares exchanged * (400,000) (300,000) (100,000) – 1,655,037,962 (11,678) 1,655,026,284Shares purchased – – – – – (3,074,031) (3,074,031)Shares cancelled – – – (20,000) – – –Shares, end of year – – – – 1,906,568,099 (9,746,617) 1,896,821,482Year EndedDecember 31, 2012Shares, beginning ofyearIssuancesShares purchasedShares, end of yearPreferred StockCommon Treasury OutstandingAIG Series E AIG Series F AIG Series C AIG Series G Stock Issued Stock Shares– – – – 1,906,568,099 (9,746,617) 1,896,821,482– – – – 43,581 685,727 729,308– – – – – (421,228,855) (421,228,855)– – – – 1,906,611,680 (430,289,745) 1,476,321,935Preferred Stock and Recapitalization..............................................................................................................................................................................................At December 31, 2010, a total of $7.5 billion was outstanding under the Department of the Treasury’s commitment(the Department of the Treasury Commitment (Series F)) pursuant to the Securities Purchase Agreement, dated asof April 17, 2009 (the Series F SPA), between AIG and the Department of the Treasury relating to our the Series FFixed Rate Non-Cumulative Perpetual Preferred Stock, par value $5.00 per share (the Series F Preferred Stock). OnJanuary 14, 2011, we completed the Recapitalization in which the Series C Perpetual, Convertible, ParticipatingPreferred Stock, par value $5.00 per share (the Series C Preferred Stock), Series E Fixed Rate Non-CumulativePerpetual Preferred Stock, par value $5.00 per share (the Series E Preferred Stock) and the Series F PreferredStock were exchanged for AIG Common Stock and the Series G Cumulative Mandatory Convertible Preferred Stock,par value $5.00 per share (the Series G Preferred Stock) was issued. In connection with the Recapitalization, werepaid all amounts outstanding under the FRBNY Credit Facility. In connection with the May 2011 AIG CommonStock Offering (described below under AIG Common Stock Offerings by the Department of the Treasury and AIGPurchases of Shares), the Series G Preferred Stock was cancelled...................................................................................................................................................................................................................................304 AIG 2012 Form 10-K