The following table summarizes the terms of the ASR agreements (dollars and shares in millions, except per-share data):
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Initial Delivery | |
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Final Settlement | |||||||||||||||||||
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Value of Shares as % of Contract Value |
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Agreement Date |
Amount Paid |
Shares Received |
Price per Share |
Settlement Date |
Total Shares Received |
Average Price per Share |
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February 2012 |
$ | 54.0 | 0.6 | $ | 72.40 | 80 | % | May 2012 | 0.7 | $ | 75.12 | ||||||||||
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May 2012 |
$ | 50.0 | 0.5 | $ | 84.81 | 80 | % | August 2012 | 0.5 | $ | 97.50 | ||||||||||
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November 2012 |
$ | 100.0 | 1.1 | $ | 85.73 | 90 | % | February 2013 | 1.2 | $ | 88.93 | ||||||||||
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August 2013 |
$ | 250.0 | 3.1 | $ | 72.39 | 90 | % | October 2013 | 3.5 | $ | 71.24 | ||||||||||