Avid 2006 Annual Report Download - page 32

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22
PART II
ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY AND RELATED STOCKHOLDER MATTERS
AND ISSUER PURCHASES OF EQUITY SECURITIES
Our common stock is listed on the NASDAQ Global Select Market under the symbol AVID. The table below shows
the high and low sales prices of the common stock for each calendar quarter of the fiscal years ended December
31, 2005 and 2006.
2005 High Low
First Quarter $68.35 $52.06
Second Quarter $61.39 $47.64
Third Quarter $56.90 $35.78
Fourth Quarter $55.00 $37.30
2006 High Low
First Quarter $59.10 $41.65
Second Quarter $44.45 $32.95
Third Quarter $43.95 $32.05
Fourth Quarter $40.68 $35.56
On February 15, 2007, the last reported sale price of the NASDAQ Global Select Market for our common stock was
$33.14 per share. The approximate number of holders of record of our common stock at January 31, 2007 was 452.
This number does not include shareholders for whom shares were held in a “nominee” or “street” name.
We have never declared or paid cash dividends on our capital stock and we do not anticipate paying any cash
dividends in the foreseeable future.
Issuer Purchases of Equity Securities
The following table provides information about our repurchases during the period indicated of equity securities that
are registered by us pursuant to Section 12 of the Exchange Act:
Period
Total Number
of Shares (or
Units)
Repurchased (1)
Average Price
Paid Per Share
(or Unit) (2)
Total Number of
Shares Repurchased
as Part of the
Publicly Announced
Program
Dollar Value of
Shares that May
Yet be Purchased
Under the Program
(in thousands)
November 1 – November 30, 2006 4,039 $39.96 - -
December 1 – December 31, 2006 4,000 $0.01 - -
Total 8,039 $20.08 - -
(1) In November 2006, the Company purchased shares of restricted stock from two employees to pay required
withholding taxes upon the vesting of such restricted stock. In December 2006, the Company repurchased
unvested shares of restricted stock from employees who left the Company.
(2) The purchase price of a share of stock used for tax withholding is determined based on the market price of
the stock on the date of vesting of the restricted stock or the delivery date of the stock underlying restricted
stock units.