Autodesk 2012 Annual Report Download - page 92

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PART II
ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS
AND ISSUER PURCHASES OF EQUITY SECURITIES
Our common stock is traded on the NASDAQ Global Select Market under the symbol ADSK. The following table lists
the high and low sales prices for each quarter in the last two fiscal years.
Fiscal 2012
First Quarter
Second Quarter
Third Quarter
Fourth Quarter
Fiscal 2011
First Quarter
Second Quarter
Third Quarter
Fourth Quarter
High
$ 45.55
45.99
35.83
36.60
$ 34.72
34.89
36.20
42.03
Low
$ 38.47
34.34
23.41
29.80
$ 22.95
24.05
27.36
33.77
Dividends
We did not declare any cash or stock dividends in either fiscal 2012 or fiscal 2011. We anticipate that, for the foreseeable
future, we will not pay any cash or stock dividends.
Stockholders
As of January 31, 2012, the number of common stockholders of record was 579. Because many of our shares of common
stock are held by brokers or other institutions on behalf of stockholders, we are unable to estimate the total number of
stockholders represented by the record holders.
Issuer Purchases of Equity Securities
The purpose of Autodesk’s stock repurchase program is largely to help offset the dilution from the issuance of stock
under our 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 our business to stockholders. The number of shares acquired and the timing
of the purchases are based on several factors, including general market conditions, the volume of employee stock option
exercises, stock issuances, the trading price of our common stock, cash on hand and available in the U.S., and company defined
trading windows. In December 2007, the Board of Directors approved a plan which authorized the repurchase of 20.0 million
shares; during fiscal 2012 all shares have been repurchased under this plan. In December 2010, the Board of Directors
approved an additional plan which authorized the repurchase of 20.0 million shares. These plans do not have a fixed expiration
date. During the three and twelve months ended January 31, 2012, we repurchased 2.0 million and 9.7 million shares of our
common stock, respectively. At January 31, 2012, 14.7 million shares remained available for repurchase under the existing
repurchase authorizations. See Note 9, “Stockholders' Equity,” in the Notes to Consolidated Financial Statements for further
discussion.
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