Airtran 2008 Annual Report Download - page 41

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PART II
ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER
MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
Market Information
Our common stock, $.001 par value per share, is traded on the New York Stock Exchange under the symbol
“AAI.” The following table sets forth the reported high and low sale prices for our common stock for each
quarterly period during 2008 and 2007:
2008 2007
Quarter High Low High Low
1st $ 9.13 $ 5.61 $ 13.09 $ 9.69
2nd $ 6.95 $ 1.97 $ 12.65 $ 10.18
3rd $ 3.69 $ 1.28 $ 11.50 $ 9.00
4th $ 4.66 $ 1.50 $ 10.85 $ 7.13
Holders
As of February 2, 2009, there were approximately 4,257 stockholders of record of common stock.
Dividends
Historically, we have not declared cash dividends on our common stock. In addition, our debt indentures and
our Letter of Credit and Revolving Line of Credit Facility restrict our ability to pay cash dividends. In
particular, under our Letter of Credit and Revolving Line of Credit Facility, our ability to pay dividends is
restricted to a defined amount available for restricted payments including dividends, which amount is
determined based on a variety of factors including 50% of our consolidated net income for the applicable
reference period and our proceeds from the sale of capital stock, including pursuant to the conversion of
indebtedness to our capital stock, all as defined. We intend to retain earnings to finance the development and
growth of our business. Accordingly, we do not anticipate that any cash dividends will be declared on our
common stock for the foreseeable future. Future payments of cash dividends, if any, will depend on our
financial condition, results of operations, business conditions, capital requirements, restrictions contained in
agreements, future prospects, and other factors deemed relevant by our Board of Directors.
Securities Authorized for Issuance under Equity Compensation Plans
See Item 12 of this Report on Form 10-K below.
Issuance of Unregistered Securities and Repurchase of AirTran Equity Securities
During the fourth quarter of the year ended December 31, 2008, we did not issue any unregistered equity
securities nor did we purchase any of our equity securities, exclusive of any net option exercises to pay
withholding taxes and/or the exercise price of the applicable option.
33