Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
Purchases of Equity Securities by the Issuer and Affiliated Purchasers
Share repurchase activity during the three months ended June 26, 2021 was as follows (in millions, except number of shares, which are reflected in thousands, and per share amounts):
Periods Total Number
of Shares Purchased Average Price
Paid Per Share Total Number of Shares
Purchased as Part of Publicly
Announced Plans or Programs Approximate Dollar Value of
Shares That May Yet Be Purchased
Under the Plans or Programs (1)
March 28, 2021 to May 1, 2021:
Open market and privately negotiated purchases
57,020 $ 129.97 57,020
May 2, 2021 to May 29, 2021:
May 2021 ASR 31,521 (2)
(2)
31,521 (2)
Open market and privately negotiated purchases
49,924 $ 126.97 49,924
May 30, 2021 to June 26, 2021:
Open market and privately negotiated purchases
29,258 $ 128.17 29,258
Total 167,723 $ 80,852
(1) As of June 26, 2021, the Company was authorized to purchase up to $315 billion of the Company’s common stock under the Program, announced on April 28, 2021, of which $234.1 billion had been utilized. The remaining $80.9 billion in the table represents the amount available to repurchase shares under the Program as of June 26, 2021. The Program does not obligate the Company to acquire any specific number of shares. Under the Program, shares may be repurchased in privately negotiated and/or open market transactions, including under plans complying with Rule 10b5-1 under the Exchange Act.
(2) In May 2021, the Company entered into a new ASR. Under the terms of the agreement, a financial institution committed to deliver shares of the Company’s stock during the purchase period in exchange for an up-front payment of $5.0 billion. The total number of shares ultimately delivered under the ASR, and therefore the average repurchase price paid per share, is determined based on the volume-weighted average price of the Company’s common stock during the ASR’s purchase period, which will end in or before August 2021.
Item 3. Defaults Upon Senior Securities
None.
Apple Inc. | Q3 2021 Form 10-Q | 31
Item 4. Mine Safety Disclosures
Not applicable.
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