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Re: tookme5 post# 99375

Wednesday, 03/23/2005 8:59:55 PM

Wednesday, March 23, 2005 8:59:55 PM

Post# of 433225
tookme5: Except for reporting buyback information in quarterly/annual reports I don't believe the comapany is required to report the completion of the program.

Expanded Reporting of Stock Repurchases

The SEC also amended the quarterly and annual reporting requirements to require issuers to disclose in a table all common equity security repurchases during the reportable period, whether or not the repurchases were made pursuant to Rule 10b-18. Under the new requirements, issuers are now required to disclose, among other things: (i) the total number of shares (or units) purchased; (ii) the average price paid per share; (iii) the number of shares (or units) purchased as part of a publicly announced plan or program; (iv) the maximum number of shares (or approximate dollar value) that may yet be purchased under the plan or program.1

The new repurchase disclosures are required in quarterly and annual reports for periods ending on or after March 15, 2004. For investment companies, the new disclosure requirements are applicable for fiscal years ending on or after December 15, 2004.

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