Autodesk 2014 Annual Report Download - page 103
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2013 Annual Report
2014 Form 10-K 29
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.
High Low
Fiscal 2014
First Quarter $ 41.42 $ 35.51
Second Quarter 40.27 33.01
Third Quarter 42.82 34.16
Fourth Quarter 54.18 40.09
Fiscal 2013
First Quarter $ 42.69 $ 35.55
Second Quarter 41.28 28.52
Third Quarter 36.21 27.70
Fourth Quarter 40.00 30.22
Dividends
We did not declare any cash or stock dividends in either fiscal 2014 or fiscal 2013. We anticipate that, for the foreseeable
future, we will not pay any cash or stock dividends.
Stockholders
As of January 31, 2014, the number of common stockholders of record was 492. 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
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 issuance, the trading price of our common stock, cash on hand and available in the U.S., and company defined trading
windows. In June 2012, the Board of Directors approved the current stock repurchase plan, which authorized the repurchase of
30.0 million shares; as of January 31, 2014, 8.2 million shares have been repurchased under this plan. This plan does not have a
fixed expiration date. During the three and twelve months ended January 31, 2014, we repurchased 2.2 million and 10.5 million
shares of our common stock, respectively. At January 31, 2014, 21.8 million shares remained available for repurchase under the
existing repurchase authorization. See Note 9, “Stockholders' Equity,” in the Notes to Consolidated Financial Statements for
further discussion.