Tellabs (TLAB)

12. Stock Repurchase Programs

On January 29, 2009, our Board of Directors authorized a one-year extension of the purchase of our outstanding stock under Rule 10b5-1 of the Securities Exchange Act of 1934, as amended. We intend to continue to use cash generated by employee stock option exercises (other than those of company officers and board members) to repurchase stock in the manner provided under this program. As of April 3, 2009, we purchased 7.3 million shares of our common stock under this program since February 2006, at a total cost of $91.6 million, including $16,832 (4,022 shares) in the first quarter of 2009.

On November 8, 2007, our Board of Directors authorized a repurchase program of up to $600 million of our outstanding common stock. As of April 3, 2009, we purchased 19.7 million shares of our common stock under this program at a total cost of $122.9 million, leaving $477.1 million available to be purchased under this program. We may repurchase shares under the authorized open market program periodically during open trading windows when we do not possess material non-public information. We provide no assurance that we will continue our repurchase activity and we may change our repurchase activity in the future.

In addition, in the first quarter of 2009, we purchased 31,236 shares for $0.1 million to cover withholding taxes on shares issued under employee stock plans.

We record repurchased shares as Treasury stock.

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16. Stock Repurchase Programs

On February 2, 2005, our Board of Directors authorized the purchase of up to $300 million of our outstanding common stock. As of August 2, 2006, we purchased 32.0 million shares of our common stock at a total cost of $300 million, completing this program. This includes purchases of $107.4 million (7.6 million shares) during fiscal 2006.

On January 26, 2006, our Board of Directors authorized the purchase of up to $100 million annually of our outstanding stock under Rule 10b5-1 of the Securities Exchange Act of 1934, as amended. On April 27, 2006, our Board of Directors authorized the removal of the $100 million cap from this share repurchase program. We intend to continue to use cash generated by employee stock option exercises (other than those of company officers and board members) to repurchase stock in the manner provided under this program. As of January 2, 2009, we had purchased 7.3 million shares of our common stock under this program since February 2006, at a total cost of $91.6 million, including $0.9 million (0.2 million shares) in 2008. On January 29, 2009, our Board of Directors authorized a one-year extension of this program.

On July 31, 2006, our Board of Directors authorized a repurchase program of up to $300 million of our outstanding common stock. As of February 1, 2008, we had purchased 37.0 million shares of our common stock under this program at a total cost of $300 million, completing this program. This total includes purchases of $29.9 million (4.6 million shares) in 2008.

On November 8, 2007, our Board of Directors authorized a repurchase program of up to $600 million of our outstanding common stock. As of January 2, 2009, we had purchased 19.7 million shares of our common stock under this program at a total cost of $122.9 million, leaving $477.1 million available to be purchased under this program. We may repurchase shares under the authorized open market program periodically during open trading windows when we do not possess material non-public information. We provide no assurance that we will continue our repurchase activity and we may change our repurchase activity in the future.

In addition, during 2008 we purchased 0.4 million shares for $2.0 million to cover withholding taxes on shares issued under employee stock plans. In 2007, we purchased 0.2 million shares for $2.2 million to cover withholding taxes on shares issued under employee stock plans.

We record repurchased shares as Treasury stock.

TELLABS ANNUAL REPORT 2008

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13. Stock Repurchase Programs

On January 24, 2008, our Board of Directors authorized a one-year extension of the purchase of our outstanding stock under Rule 10b5-1 of the Securities Exchange Act of 1934, as amended. We intend to continue to use cash generated by employee stock option exercises (other than those of company officers and board members) to repurchase stock in the manner provided under this program. As of September 26, 2008, we purchased 7.2 million shares of our common stock under this program since February 2006, at a total cost of $91.7 million, including $0.4 million (66,571 shares) in the third quarter of 2008 and $0.8 million (0.1 million shares) in the first nine months of 2008.

On July 31, 2006, our Board of Directors authorized a repurchase program of up to $300 million of our outstanding common stock. As of February 1, 2008, we purchased 37.0 million shares of our common stock under this program at a total cost of $300 million, completing this program. This total includes purchases of $29.9 million (4.6 million shares) in the first nine months of 2008.

On November 8, 2007, our Board of Directors authorized a repurchase program of up to $600 million of our outstanding common stock. As of September 26, 2008, we purchased 17.0 million shares of our common stock under this program at a total cost of $112.7 million, leaving $487.3 million available to be purchased under this program.

Since the beginning of the second quarter of 2008, we significantly reduced share repurchases, as we re-evaluate uses of cash as we work to position the company for future growth, and in light of capital market conditions. Although we may resume our repurchase activity at levels experienced in prior periods, we provide no assurance that we will not change our repurchase activity in the future.

In addition, in the third quarter of 2008, we purchased 261,994 shares for $1.3 million to cover withholding taxes on shares issued under employee stock plans. In the first nine months of 2008, we purchased 300,137 shares for $1.5 million under this program.

We record repurchased shares as Treasury stock.

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7. Stock Repurchase Programs

On January 24, 2008, our Board of Directors authorized a one-year extension of the purchase of our outstanding stock under Rule 10b5-1 of the Securities Exchange Act of 1934, as amended. We intend to continue to use cash generated by employee stock option exercises (other than those of company officers and board members) to repurchase stock in the manner provided under this program. As of June 27, 2008, we purchased 7.2 million shares of our common stock under this program since February 2006, at a total cost of $91.3 million, including $0.1 million (12,065 shares) in the second quarter of 2008 and $0.4 million (0.1 million shares) in the first six months of 2008.

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On July 31, 2006, our Board of Directors authorized a repurchase program of up to $300 million of our outstanding common stock. As of February 1, 2008, we purchased 37.0 million shares of our common stock under this program at a total cost of $300 million, completing this program. This total includes purchases of $29.9 million (4.6 million shares) in the first six months of 2008.

On November 8, 2007, our Board of Directors authorized a repurchase program of up to $600 million of our outstanding common stock. As of June 27, 2008, we purchased 17.0 million shares of our common stock under this program at a total cost of $112.7 million, including $1.1 million (0.2 million shares) in the second quarter of 2008, leaving $487.3 million available to be purchased under this program.

We significantly reduced share repurchases during the second quarter of 2008, as we re-evaluate uses of cash as we work to position the company for future growth, and in light of capital market conditions. Although we may resume our repurchase activity at levels experienced in prior periods, we provide no assurance that we will not further reduce or otherwise change our repurchase activity in the future.

In addition, in the second quarter of 2008, we purchased 6,492 shares for $35 thousand to cover withholding taxes on shares issued under employee stock plans. In the first six months of 2008, we purchased 38,143 shares for $0.2 million under this program.

We record repurchased shares as Treasury stock.

7. Stock Repurchase Programs

On January 24, 2008, our Board of Directors authorized a one-year extension of the purchase of our outstanding stock under Rule 10b5-1 of the Securities Exchange Act of 1934, as amended. We intend to continue to use cash generated by employee stock option exercises (other than those of company officers and board members) to repurchase stock in the manner provided under this program. As of March 28, 2008, we purchased 7.2 million shares of our common stock under this program since February 2006, at a total cost of $91.2 million, including $0.4 million (0.1 million shares) in the first quarter of 2008.

On July 31, 2006, our Board of Directors authorized a repurchase program of up to $300 million of our outstanding common stock. As of February 1, 2008, we purchased 37.0 million shares of our common stock under this program at a total cost of $300 million, completing this program. This total includes purchases of $29.9 million (4.6 million shares) in the first quarter of 2008.

On November 8, 2007, our Board of Directors authorized a new repurchase program of up to $600 million of our outstanding common stock. As of March 28, 2008, we purchased 16.8 million shares of our common stock under this program at a total cost of $111.5 million, leaving $488.5 million available to be purchased under this program.

We provide no assurance that we will continue our repurchase activity and we may change our repurchase activity in the future.

In addition, in the first quarter of 2008, we purchased 31,651 shares for $0.3 million to cover withholding taxes on shares issued under employee stock plans.

We record repurchased shares as Treasury stock.

14. Stock Repurchase Programs

On February 2, 2005, our Board of Directors authorized the purchase of up to $300 million of our outstanding common stock. As of August 2, 2006, we purchased 32.0 million shares of our common stock at a total cost of $300 million, completing this program. This includes purchases of $107.4 million (7.6 million shares) during fiscal 2006.

On January 26, 2006, our Board of Directors authorized the purchase of up to $100 million of our outstanding stock under Rule 10b5-1 of the Securities Exchange Act of 1934, as amended. On April 27, 2006, our Board of Directors authorized the removal of the $100 million cap from this share repurchase program. We intend to continue to use cash generated by employee stock option exercises (other than those of company officers and board members) to repurchase stock in the manner provided under this program. As of December 28, 2007, we purchased 7.1 million shares of our common stock under this program at a total cost of $90.8 million. This includes purchases of $28.7 million (2.6 million shares) during fiscal 2007. On January 24, 2008, our Board of Directors authorized a one-year extension of this program.

TELLABS ANNUAL REPORT 2007

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On July 31, 2006, our Board of Directors authorized a repurchase program of up to $300 million of our outstanding common stock. As of December 28, 2007, we purchased 32.4 million shares of our common stock at a total cost of $270.1 million, leaving $29.9 million available to be purchased under this program. This includes purchases of $167.1 million (22.5 million shares) during fiscal 2007. We intend to continue to repurchase shares under this program from time to time during open trading windows and when we do not possess material non-public information.

On November 8, 2007, our Board of Directors authorized a repurchase program of up to $600 million of our outstanding common stock. No purchases of our common stock have been made under this program as of December 28, 2007. We intend to repurchase shares under this program (upon completion of the July 31, 2006, authorized $300 million program) from time to time during open trading windows and when we do not possess material non-public information.

In addition, during 2007 we purchased 0.2 million shares for $2.2 million to cover withholding taxes on shares issued under employee stock plans. In 2006, we purchased 0.2 million shares for $3.5 million to cover withholding taxes on shares issued under employee stock plans.

We record repurchased shares as Treasury stock.

7. Stock Repurchase Programs

On January 25, 2007, our Board of Directors authorized a one-year extension of the purchase of our outstanding stock under Rule 10b5-1 of the Securities Exchange Act of 1934, as amended. We intend to continue to use cash generated by employee stock option exercises (other than those of company officers and board members) to repurchase stock in the manner provided under this program. As of September 28, 2007, we purchased 7.0 million shares of our common stock under this program at a total cost of $89.9 million, including $13.6 million (1.2 million shares) in the third quarter of 2007 and $27.8 million (2.5 million shares) in the first nine months of 2007.

On July 31, 2006, our Board of Directors authorized a repurchase program of up to $300 million of our outstanding common stock. As of September 28, 2007, we purchased 11.9 million shares of our common stock under the program at a total cost of $123.9 million, with no shares purchased in the third quarter of 2007 and $21.0 million (2.0 million shares) in the first nine months of 2007. We may continue to repurchase shares under this program from time to time during open trading windows and when we do not possess material non-public information.

In addition, in the third quarter of 2007, we purchased 141,662 shares for $1.6 million to cover withholding taxes on shares issued under employee stock plans. In the first nine months of 2007, we purchased 195,510 shares for $2.2 million under this program. We record repurchased shares as Treasury stock.

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7. Stock Repurchase Programs

On January 25, 2007, our Board of Directors authorized a one-year extension of the purchase of our outstanding stock under Rule 10b5-1 of the Securities Exchange Act of 1934, as amended. We intend to continue to use cash generated by employee stock option exercises (other than those of company officers and board members) to repurchase stock in the manner provided under this program. As of June 29, 2007, we purchased 5.8 million shares of our common stock under this program at a total cost of $76.3 million, including $10.0 million (0.9 million shares) in the second quarter of 2007 and $14.2 million (1.3 million shares) in the first six months of 2007.

On July 31, 2006, our Board of Directors authorized a repurchase program of up to $300 million of our outstanding common stock. As of June 29, 2007, we purchased 11.9 million shares of our common stock under the program at a total cost of $123.9 million, with no shares purchased in the second quarter of 2007 and $21.0 million (2.0 million shares) in the first six months of 2007. We may continue to repurchase shares under this program from time to time during open trading windows and when we do not possess material non-public information.

In addition, in the second quarter of 2007, we purchased 25,230 shares for $0.3 million to cover withholding taxes on shares issued under employee stock plans and in the first six months of 2007, we purchased 53,848 shares for $0.6 million under this program.

We record repurchased shares as Treasury stock.

7. Stock Repurchase Programs

On January 25, 2007, the Tellabs Board of Directors authorized a one-year extension of the purchase of our outstanding stock under Rule 10b5-1 of the Securities Exchange Act of 1934, as amended. We intend to continue to use cash generated by employee stock option exercises (other than those of company officers and board members) to repurchase stock in the manner provided under this program. As of March 30, 2007, we purchased 4.9 million shares of our common stock under this program at a total cost of $66.3 million, including $4.2 million (0.4 million shares) in the first quarter of 2007.

On July 31, 2006, the Tellabs Board of Directors authorized a repurchase program of up to $300 million of our outstanding common stock. As of March 30, 2007, we purchased 11.9 million shares of our common stock under the program at a total cost of $123.9 million, including $21.0 million (2.0 million shares) in the first quarter of 2007. We intend to continue to repurchase shares under this program from time to time during open trading windows and when we do not possess material non-public information.

In addition, in the first quarter of 2007, we purchased 28,600 shares for $0.3 million to cover withholding taxes on shares issued under employee stock plans.

We record repurchased shares as Treasury stock.

15. Stock Repurchase Programs

On February 2, 2005, the Tellabs Board of Directors authorized the purchase of up to $300 million of our outstanding common stock. As of August 2, 2006, we purchased 32.0 million shares of our common stock at a total cost of $300 million, completing this program. This includes purchases of $107.4 million (7.6 million shares) during fiscal 2006.

On January 26, 2006, the Tellabs Board of Directors authorized the purchase of up to $100 million of our outstanding stock under Rule 10b5-1 of the Securities Exchange Act of 1934, as amended. On April 27, 2006, Tellabs Board of Directors authorized the removal of the $100 million cap from this share repurchase program. We intend to continue to use cash generated by employee stock option exercises (other than those of company officers and board members) to repurchase stock in the manner provided under this program. As of December 29, 2006, we purchased 4.5 million shares of our common stock under this program at a total cost of $62.1 million. On January 25, 2007, the Tellabs Board of Directors authorized a one-year extension of this program.

On July 31, 2006, the Tellabs Board of Directors authorized a repurchase program of up to $300 million of our outstanding common stock. During 2006, we purchased 9.9 million shares of our common stock under the program at a total cost of $102.9 million. We intend to continue to repurchase shares under this program from time to time during open trading windows and when we do not possess material non-public information.

In addition, during 2006 we purchased 0.2 million shares for $3.5 million to cover withholding taxes on shares issued under employee stock plans.

We record repurchased shares as Treasury stock.