Electro Scientific Industries (ESIO)

21. Share Repurchase Program

On May 15, 2008, the Board of Directors authorized a share repurchase program for $20.0 million in shares of the Company’s outstanding common stock primarily to offset dilution from equity compensation programs. The repurchases are to be made at management’s discretion in the open market or in privately negotiated transactions in compliance with applicable securities laws and other legal requirements and are subject to market conditions, share price and other factors. There is no fixed completion date for the repurchase program.

As of March 28, 2009, a total of 307,865 shares have been repurchased under this program at an average price of $15.34 per share, totaling $4.7 million under this authorization, calculated inclusive of commissions and fees. Cash used to settle repurchase transactions is reflected as a component of cash used in financing activities on the Consolidated Statements of Cash Flows.

21. Share Repurchase Program

On May 15, 2008, the Board of Directors authorized a share repurchase program for $20.0 million in shares of the Company’s outstanding common stock primarily to offset dilution from equity compensation programs. The repurchases are to be made at management’s discretion in the open market or in privately negotiated transactions in compliance with applicable securities laws and other legal requirements and are subject to market conditions, share price and other factors. There is no fixed completion date for the repurchase program.

As of March 28, 2009, a total of 307,865 shares have been repurchased under this program at an average price of $15.34 per share, totaling $4.7 million under this authorization, calculated inclusive of commissions and fees. Cash used to settle repurchase transactions is reflected as a component of cash used in financing activities on the Consolidated Statements of Cash Flows.

18. Share Repurchase Program

On May 15, 2008, the Board of Directors authorized a share repurchase program for $20.0 million in shares of the Company’s outstanding common stock primarily to offset dilution from equity compensation programs. The repurchases are to be made at management’s discretion in the open market or in privately negotiated transactions in compliance with applicable securities laws and other legal requirements and are subject to market conditions, share price and other factors. There is no fixed completion date for the repurchase program.

During the third quarter of 2009, the Board of Directors approved an increase to the existing share repurchase program to $100 million, contingent upon the close of the proposed acquisition of Zygo Corporation.

During the third quarter of 2009, the Company did not repurchase any additional shares under this program. As of December 27, 2008, a total of 307,865 shares have been repurchased under this program at an average price of $15.34 per share, totaling $4.7 million under this authorization, calculated inclusive of commissions and fees. Cash used to settle repurchase transactions is reflected as a component of cash used in financing activities in the condensed consolidated statements of cash flows.

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15. Share Repurchase Program

On May 15, 2008, the Board of Directors authorized a share repurchase program for $20.0 million in shares of the Company’s outstanding common stock primarily to offset dilution from equity compensation programs. The repurchases are to be made at management's discretion in the open market or in privately negotiated transactions in compliance with applicable securities laws and other legal requirements and are subject to market conditions, share price and other factors. There is no fixed completion date for the repurchase program.

During the second quarter of 2009, the Company repurchased 94,211 shares for $1.4 million under this share repurchase program at an average price per share of $14.68, which was calculated inclusive of commissions and fees. As of September 27, 2008, a total of 307,865 shares have been repurchased at average price of $15.34 per share, which was calculated inclusive of commissions and fees, totaling $4.7 million under this authorization. Cash used to settle repurchase transactions is reflected as a component of cash used in financing activities in the condensed consolidated statements of cash flows.

Subsequent to the end of the second quarter of 2009, the Board of Directors approved an increase to the existing share repurchase program to $100 million, contingent upon the close of the acquisition of Zygo Corporation. See Note 19 “Subsequent Events” for additional information on the acquisition of Zygo Corporation.

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13. Share Repurchase Program

On May 15, 2008, the Board of Directors authorized a new share repurchase program for up to $20.0 million in shares of the Company’s outstanding common stock primarily to offset dilution from equity compensation programs. The repurchases are to be made at management’s discretion in the open market or in privately negotiated transactions in compliance with applicable securities laws and other legal requirements and are subject to market conditions, share price and other factors. There is no fixed completion date for the repurchase program.

During the fiscal quarter ended June 28, 2008, the Company repurchased 213,654 shares for $3.3 million under this share repurchase program at an average price per share of $15.63, which was calculated inclusive of commissions and fees. Cash used to settle repurchase transactions is reflected as a component of cash used in financing activities in the condensed consolidated statements of cash flows.

Note 11 - Share Repurchase Program

On March 9, 2007, the Company’s Board of Directors authorized the repurchase of up to $50 million in shares of the Company’s outstanding common stock beginning April 17, 2007 through transactions in the open market or in negotiated transactions with brokers or shareholders. During the three months ended December 29, 2007, approximately 72,000 shares were repurchased at a total purchase price of $1.8 million. Approximately 897,000 shares were purchased in the six months ended December 29, 2007 at a total purchase price of $20.6 million. Cash used to settle the repurchase transactions in the six months ended December 29, 2007 totaled $21.6 million, including $1.0 million for amounts owed on the unsettled repurchase transactions at June 30, 2007. On October 9, 2007, the Company suspended purchase transactions under its share repurchase program. In total, the Company repurchased approximately 1.7 million shares for $37.3 million under this share repurchase program at an average price per share of $21.96.

On January 22, 2008, the Company’s Board of Directors voted to resume the previous $50 million share repurchase program. Accordingly, the Board of Directors has authorized the repurchase of up to $12.7 million in shares of the Company’s outstanding common stock over a six-month period beginning January 29, 2008 through transactions in the open market or in negotiated transactions with brokers or shareholders.

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Note 11 – Share Repurchase Program

On March 9, 2007, the Company’s Board of Directors authorized the repurchase of up to $50 million in shares of the Company’s outstanding common stock beginning April 17, 2007 through transactions in the open market or in negotiated transactions with brokers or shareholders. During the three months ended September 29, 2007, approximately 825,000 shares were repurchased at a total purchase price of $18.8 million. Approximately 1,125,000 shares were purchased in the four months ended September 29, 2007 at a total purchase price of $25.1 million. Cash used to settle the repurchase transactions in the four months ended September 29, 2007 totaled $24.9 million and is reflected as a component of cash used in financing activities in the consolidated statements of cash flows. Accrued liabilities include $0.8 million and $0.6 million for amounts owed on the unsettled repurchase transactions as of September 29, 2007 and June 2, 2007, respectively. On October 9, 2007, the Company suspended purchase transactions under its share repurchase program. In total, the Company repurchased approximately 1.7 million shares for $37.3 million.

NOTE 14. SHARE REPURCHASE PROGRAM

On March 9, 2007, the Company’s Board of Directors authorized the repurchase of up to $50 million in shares of the Company’s outstanding common stock during the nine-month period beginning April 17, 2007. The authority is to be exercised from time to time as market conditions warrant through transactions in the open market or in negotiated transactions with brokers or shareholders. During the fourth quarter of fiscal 2007, 504,000 shares were repurchased at a total purchase price of $10.4 million. Cash used to settle the repurchase transactions as of June 2, 2007 totaled $9.8 million and is reflected as a component of cash used in financing activities in the consolidated statements of cash flows. Accrued liabilities include $0.6 million for amounts owed on the unsettled repurchase transactions as of June 2, 2007.