QUARTERLY STOCK PRICE

Our common stock is traded on the NASDAQ Stock Market under the symbol MSFT. On July 27, 2009, there were 142,468 registered holders of record of our common stock. The high and low common stock sales prices per share were as follows:

Quarter Ended	Sep. 30	Dec. 31	Mar. 31	June 30	Year
Fiscal year 2009
Common stock price per share:
High	$28.50	$27.47	$21.00	$24.34	$28.50
Low	$23.50	$17.50	$14.87	$18.18	$14.87
Fiscal year 2008
Common stock price per share:
High	$31.84	$37.50	$35.96	$32.10	$37.50
Low	$27.51	$29.29	$26.87	$27.11	$26.87

SHARE REPURCHASES AND DIVIDENDS

Share Repurchases

On September 22, 2008, we announced the completion of the two repurchase programs approved by our Board of Directors during the first quarter of fiscal year 2007 to buy back up to $40.0 billion of Microsoft common stock. On September 22, 2008, we also announced that our Board of Directors approved a new share repurchase program authorizing up to $40.0 billion in share repurchases with an expiration date of September 30, 2013. As of June 30, 2009, approximately $34.5 billion remained of the $40.0 billion approved repurchase amount. All repurchases were made using cash resources. The repurchase program may be suspended or discontinued at any time without prior notice.

We repurchased the following shares of common stock under the above-described repurchase plans:

(In millions)

	Shares	Amount	Shares	Amount	Shares	Amount
Year Ended June 30,	2009^(a)		2008^(b)		2007^(c)
First quarter	223	$5,966	81	$(2,348	285	$(6,965
Second quarter	95	2,234	120	4,081	205	6,037
Third quarter	–	–	30	1,020	238	6,744
Fourth quarter	–	–	171	4,975	243	7,367
Total	318	$8,200	402	$12,424	971	$27,113

(a)	Of the 318 million shares of common stock repurchased in fiscal year 2009, 101 million shares were repurchased for $2.7 billion under the repurchase plan approved by our Board of Directors during the first quarter of fiscal year 2007. The remaining shares were repurchased under the repurchase plan approved by our Board of Directors on September 22, 2008.
(b)	All shares repurchased in fiscal year 2008 were repurchased under the repurchase plan approved by our Board of Directors on July 20, 2006.
(c)	Of the 971 million shares of common stock repurchased in fiscal year 2007, 155 million shares were repurchased for $3.8 billion under our tender offer in the first quarter of fiscal year 2007. The remaining shares were repurchased under the repurchase plan approved by our Board of Directors on July 20, 2006.

Dividends

In fiscal year 2009, our Board of Directors declared the following dividends:

Declaration Date	Dividend Per Share	Record Date	Total Amount (in millions)	Payment Date
September 19, 2008	$0.13	November 20, 2008	$1,157	December 11, 2008
December 10, 2008	$0.13	February 19, 2009	$1,155	March 12, 2009
March 9, 2009	$0.13	May 21, 2009	$1,158	June 18, 2009
June 10, 2009	$0.13	August 20, 2009	$1,158	September 10, 2009

In fiscal year 2008, our Board of Directors declared the following dividends:

Declaration Date	Dividend Per Share	Record Date	Total Amount (in millions)	Payment Date
September 12, 2007	$0.11	November 15, 2007	$1,034	December 13, 2007
December 19, 2007	$0.11	February 21, 2008	$1,023	March 13, 2008
March 17, 2008	$0.11	May 15, 2008	$1,020	June 12, 2008
June 11, 2008	$0.11	August 21, 2008	$((998	September 11, 2008

STOCK PERFORMANCE

COMPARISON OF 5 YEAR CUMULATIVE TOTAL RETURN*
Among Microsoft Corporation, The S&P 500 Index
And The NASDAQ Computer Index

	Total Cumulative Return*
	6/04	6/05	6/06	6/07	6/08	6/09
Microsoft Corporation	100.00	97.64	92.80	118.99	112.68	99.74
S&P 500	100.00	106.32	115.50	139.28	121.01	89.29
NASDAQ Computer	100.00	100.87	101.08	127.78	117.51	98.39

* $100 invested on 6/30/03 in stock or index-including reinvestment of dividends.