Chipotle 2006 Annual Report Download - page 24

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PART II
ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER
MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
The following table describes the per share range of high and low sales prices for shares of each class of our
common stock for the quarterly periods indicated, as reported by the New York Stock Exchange (“NYSE”). Our
class A common stock, which trades under the symbol “CMG,” began trading on the NYSE on January 26, 2006,
and our class B common stock, which trades under the symbol “CMG.B,” began trading on the NYSE on
October 5, 2006.
Chipotle Class A
Common Stock
Chipotle Class B
Common Stock
High Low High Low
2006
First Quarter .............................................. $56.75 $39.99 n/a n/a
Second Quarter ............................................ $67.76 $48.30 n/a n/a
Third Quarter .............................................. $60.77 $45.86 n/a n/a
Fourth Quarter ............................................. $62.36 $48.30 $59.07 $48.50
As of February 5, 2007, there were approximately 319 holders of our class A common stock and
approximately 1,173 holders of our class B common stock, in each case as determined by counting our record
holders and the number of participants reflected in a security position listing provided to us by the Depository
Trust Company. We estimate that there are approximately 28,000 beneficial owners of our class A common stock
and approximately 9,500 beneficial owners of our class B common stock.
Dividend Policy
We are not required to pay any dividends and have not declared or paid any cash dividends on either class of
our common stock. We intend to continue to retain earnings for use in the operation and expansion of our
business and therefore do not anticipate paying any cash dividends on our common stock in the foreseeable
future.
Securities Authorized for Issuance Under Equity Compensation Plans
The following table presents information regarding options and rights outstanding under our equity
compensation plans as of December 31, 2006. All options reflected are options to purchase class A common
stock.
(a)
Number of Securities to
be Issued Upon
Exercise of Outstanding
Options and Rights
(b)
Weighted-Average
Exercise Price of
Outstanding Options and
Rights
(c)
Number of Securities
Remaining Available for
Future Issuance Under
Equity Compensation Plans
(excluding securities
reflected in column (a))
Equity Compensation Plans
Approved by Security Holders:
Chipotle 2006 Incentive Plan ..... 807,879 $22.05 1,334,589
Chipotle Executive Stock Option
Plan ...................... 132,412 $16.45 —
Equity Compensation Plans Not
Approved by Security Holders:
None.
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