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GPS » Topics » AND USE OF PROCEEDS

This excerpt taken from the GPS 10-Q filed Jun 2, 2005.

AND USE OF PROCEEDS

 

The following table presents information with respect to purchases of common stock of the Company made during the thirteen weeks ended April 30, 2005, by Gap Inc. or any affiliated purchaser, as defined in Rule 10b-18(a)(3) under the Exchange Act.

 

     Total Number
of Shares
Purchased
   

Average

Price
Paid

per
Share

    Total Number of
Shares Purchased
as Part of Publicly
Announced Plans
or Programs
    Maximum Number (or
approximate dollar
amount) of shares that
May Yet be Purchased
Under the Plans or
Programs (1)

Month #1 (Jan. 30 – Feb. 26)

    —        —      —      $ 1.5 billion

Month #2 (Feb. 27 – April 2)

    5,033,800    $ 21.84    5,033,800    $ 1.4 billion

Month #3 (April 3 – April 30)

    20,771,400    $ 21.46    20,771,400    $ 944 million
    
  
  
      

Total, April 30, 2005

    25,805,200    $ 21.53    25,805,200    $ 944 million
    
  
  
  

 

(1) On February 24, 2005, the company announced the authorization of a new $1.5 billion share repurchase program. The Board of Directors authority with respect to this program expires on February 24, 2007.

 

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