Abercrombie & Fitch 2015 Annual Report Download - page 19

Table of Contents
19
PART II
ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND
ISSUER PURCHASES OF EQUITY SECURITIES
A&F’s Class A Common Stock (the “Common Stock”) is traded on the New York Stock Exchange under the symbol “ANF.”
The table below sets forth the high and low sales prices of A&F’s Common Stock on the New York Stock Exchange for Fiscal
2015 and Fiscal 2014:
Sales Price
High Low
Fiscal 2015
4th quarter $ 28.21 $ 18.55
3rd quarter $ 22.25 $ 15.42
2nd quarter $ 23.72 $ 19.36
1st quarter $ 26.50 $ 19.34
Fiscal 2014
4th quarter $ 35.14 $ 25.52
3rd quarter $ 44.32 $ 31.47
2nd quarter $ 42.89 $ 34.54
1st quarter $ 40.99 $ 32.02
Dividends are declared at the discretion of A&F's Board of Directors. A quarterly dividend, of $0.20 per share outstanding, was
declared in each of February, May, August and November in Fiscal 2015 and Fiscal 2014. Dividends were paid in each of March,
June, September and December in Fiscal 2015. A&F's Board of Directors reviews the dividend on a quarterly basis and establishes
the dividend rate based on A&F's financial condition, results of operations, capital requirements, current and projected cash flows,
business prospects and other factors which the directors deem relevant.
As of March 23, 2016, there were approximately 3,300 stockholders of record. However, when including investors holding shares
in broker accounts under street name A&F estimates that there are approximately 37,200 stockholders.
The following table provides information regarding the purchase of shares of the Common Stock of A&F made by or on behalf
of A&F or any “affiliated purchaser” as defined in Rule 10b-18(a)(3) under the Securities Exchange Act of 1934, as amended,
during each fiscal month of the quarterly period ended January 30, 2016:
Period (fiscal month)
Total Number
of Shares
Purchased(1)
Average
Price Paid
per Share
Total Number of
Shares
Purchased as
Part of Publicly
Announced Plans
or
Programs(2)
Maximum Number of
Shares that May Yet
be Purchased under
the Plans or
Programs(3)
November 1, 2015 through November 28, 2015 4,296 $ 20.30 — 6,503,656
November 29, 2015 through January 2, 2016 82,638 $ 25.49 — 6,503,656
January 2, 2016 through January 30, 2016 6,074 $ 26.61 — 6,503,656
Total 93,008 $ 25.32 — 6,503,656
(1) All of the 93,008 shares of A&F’s Common Stock purchased during the thirteen-week period ended January 30, 2016 represented shares which were
withheld for tax payments due upon the exercise of employee stock appreciation rights and the vesting of restricted stock units and restricted share awards.
(2) No shares were repurchased during the thirteen-week period ended January 30, 2016 pursuant to A&F’s publicly announced stock repurchase authorization.
On August 14, 2012, A&F's Board of Directors authorized the repurchase of 10.0 million shares of A&F's Common Stock, which was announced on August
15, 2012.
(3) The number shown represents, as of the end of each period, the maximum number of shares of Common Stock that may yet be purchased under A&F’s
publicly announced stock repurchase authorization described in footnote 2 above. The shares may be purchased, from time-to-time, depending on market
conditions.
During Fiscal 2015, A&F repurchased approximately 2.5 million shares of A&F’s Common Stock in the open market with a cost
of approximately $50.0 million. During Fiscal 2014, A&F repurchased approximately 7.3 million shares of A&F’s Common Stock
in the open market with a cost of approximately $285.0 million. Repurchases made during Fiscal 2015 and Fiscal 2014 were
pursuant to authorizations of A&F’s Board of Directors.