BANCO BILBAO VIZCAYA ARGENTARIA, S.A. AND ... - BBVA

June 2010
June 2009
Treasury Stock
Number of Millions of Number of Millions of
Shares
Euros
Shares
Euros
Balance at beginning 16,642,054 224 61,539,883 720
+ Purchases 416,477,119 4,118 377,532,513 2,774
- Sales and other changes (378,396,035) (3,838) (433,220,188) (3,337)
+/- Derivatives over BBVA shares - (11) - (134)
Balance at the end 54,723,138 493 5,852,208 23
Of which: - - - -
Held by BBVA 944,223 14 2,315,059 (8)
Held by Corporación General Financiera, S.A. 53,778,386 479 3,524,033 31
Held by other subsidiaries 529 - 13,116 -
Average purchase price in euros 9.89 - 7.35 -
Average selling price in euros 9.74 - 6.86 -
Net gain or losses on transactions
(Shareholders' funds-Reserves) - (107) - (305)
The amount under the heading of "Sales and other changes" in the above table in the six months ended
June 30, 2009 includes the allocation of treasury stock to the shareholders as an additional remuneration to
complement the dividends for 2008 (see Note 28).
The percentages of treasury stock held by the Group in the six months ended June 30, 2010 and 2009 were
as follows:
June 2010
June 2009
Treasury Stock Min Max Min Max
% treasury stock 0.35% 2.40% 0.07% 2.70%
The number of shares of BBVA accepted in pledge as of June 30, 2010 and December 31, 2009 was as
follows:
Shares of BBVA Accepted in Pledge
June December
2010 2009
Number of shares in pledge 93,265,377 92,503,914
Nominal value 0.49 0.49
% of share capital 2.49% 2.47%
The number of BBVA shares owned by third parties but managed by a company in the Group as of June 30,
2010 and December 31, 2009 was as follows:
Shares of BBVA Owned by Third Parties but Managed by
the Group
June
2010
December
2009
Number of shares property of third parties 79,989,361 82,319,422
Nominal value 0.49 0.49
% of share capital 2.13% 2.20%
31. VALUATION ADJUSTMENTS
The breakdown of the balance under this heading in the accompanying consolidated balance sheets is as
follows:
107