Common Stock Repurchase Program

9 Months Ended

Oct. 31, 2011

Common Stock Repurchase Program

16. Common Stock Repurchase Program

Autodesk has a stock repurchase program that is used largely to help offset the dilution to net income per share caused by the issuance of stock under the Company’s employee stock plans and for such other purposes as may be in the interests of Autodesk and its stockholders, and has the effect of returning excess cash generated from the Company’s business to stockholders. During the three and nine months ended October 31, 2011, Autodesk repurchased and retired 3.5 million and 7.7 million shares at an average repurchase price of $26.93 per share and $34.21 per share, respectively. Common stock and additional paid-in capital and retained earnings were reduced by $67.4 million and $26.9 million, respectively, during the three months ended October 31, 2011, as a result of the stock repurchases. Common stock and additional paid-in capital and retained earnings were reduced by $171.9 million and $91.8 million, respectively, during the nine months ended October 31, 2011.

At October 31, 2011, 16.7 million shares remained available for repurchase under repurchase plans approved by the Board of Directors. During the three and nine months ended October 31, 2011, Autodesk repurchased its common stock through open market purchases. The number of shares acquired and the timing of the purchases are based on several factors, including general market conditions, the number of employee stock option exercises, stock issuance, the trading price of Autodesk common stock, cash on hand and available in the United States, and company defined trading windows.