Burger King 2009 Annual Report Download - page 38

Table of Contents
vigorously defend against all claims in this lawsuit, but we are unable to predict the ultimate outcome of this litigation.
From time to time, we are involved in other legal proceedings arising in the ordinary course of business relating to matters
including, but not limited to, disputes with franchisees, suppliers, employees and customers, as well as disputes over our intellectual
property.
Item 4. Submission of Matters to a Vote of Security Holders
None.
Part II
Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
Market for Our Common Stock
Our common stock trades on the New York Stock Exchange under the symbol “BKC.” Trading of our common stock commenced
on May 18, 2006, following the completion of our initial public offering. Prior to that date, no public market existed for our common
stock. As of August 20, 2009, there were approximately 387 holders of record of our common stock. The following table sets forth the
high and low sales prices of our common stock as reported on the New York Stock Exchange and dividends declared per share of
common stock for each of the quarters in fiscal 2009 and fiscal 2008:
2009 2008
Dollars
per
Share: High Low Dividend High Low Dividend
First Quarter $ 30.95 $ 22.77 $ 0.0625 $ 27.00 $ 22.21 $ 0.0625
Second Quarter $ 24.93 $ 16.56 $ 0.0625 $ 29.19 $ 24.41 $ 0.0625
Third Quarter $ 24.48 $ 19.21 $ 0.0625 $ 28.90 $ 21.60 $ 0.0625
Fourth Quarter $ 24.10 $ 15.85 $ 0.0625 $ 30.75 $ 26.41 $ 0.0625
Issuer Purchases of Equity Securities
The following table presents information related to the repurchase of our common stock during the three months ended June 30,
2009:
Maximum Number (or
Total Number of Shares Approximate Dollar Value) of
Total Number Purchased as Part of Shares That May Yet be
of Shares Average Price Publicly Announced Purchased Under
Period Purchased(1) Paid per Share Plans or Programs(2) the Plans or Programs(2)
April 1−30, 2009 — — — $ 200,000,000
May 1−31, 2009 11,150 $ 17.37 — $ 200,000,000
June 1−30, 2009 — — — $ 200,000,000
Total 11,150 $ 17.37 — $ 200,000,000
(1) All shares purchased were in connection with the Company’s obligation to withhold from restricted stock and option awards the amount of federal
withholding taxes due in respect of such awards.
(2) On March 4, 2009, the Company’s Board of Directors authorized a $200.0 million share repurchase program pursuant to which the Company would
repurchase shares directly in the open market consistent with the Company’s insider trading policy and also repurchase shares under plans complying with
Rule 10b5−1 under the Exchange Act during periods when the Company may be prohibited from making direct share repurchases under such policy. The
program expires on December 31, 2010. To date, we have not repurchased any shares under the new program.
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