Chipotle 2013 Annual Report Download - page 29

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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 our common
stock for the quarterly periods indicated, as reported by the New York Stock Exchange (“NYSE”). Our common
stock trades on the NYSE under the symbol “CMG.”
High Low
2012
First Quarter ............................................. $ 426.57 $ 336.29
Second Quarter ........................................... $ 442.40 $ 370.19
Third Quarter ............................................. $ 404.59 $ 277.26
Fourth Quarter ............................................ $ 322.92 $ 233.82
High Low
2013
First Quarter ............................................. $ 334.89 $ 266.02
Second Quarter ........................................... $ 379.15 $ 316.87
Third Quarter ............................................. $ 429.78 $ 362.30
Fourth Quarter ............................................ $ 550.28 $ 420.20
As of January 30, 2014, there were approximately 1,100 holders of our common stock, 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. Because such “DTC participants” are brokers and other institutions holding
shares of our common stock on behalf of their customers, the actual number of unique shareholders represented
by these record holders is not known.
Purchases of Equity Securities by the Issuer
The table below reflects shares of common stock we repurchased during the fourth quarter of 2013.
Total Number of
Shares Purchased
Average Price Paid
Per Share
Total
Number of Shares
Purchased as Part of
Publicly Announced
Plans or Programs(1)
Approximate Dollar
Value of Shares that
May Yet Be
Purchased Under the
Plans or Programs(1)
October ..................... 65,691(2) $ 503.23 9,853 $ 98,391,729
Purchased 10/1 through
10/31 .................
November ................... 7,461 $ 535.45 7,461 $ 94,396,728
Purchased 11/1 through
11/30 .................
December .................... 8,012 $ 523.56 8,012 $ 90,202,004
Purchased 12/1 through
12/31 .................
Total ........................ 81,164 $ 508.19 25,326 $ 90,202,004
(1) Shares were repurchased pursuant to repurchase programs announced on November 20, 2012 and
February 5, 2013. Repurchases under each program were and are limited to $100 million in total repurchase
price, and there is no expiration date. Authorization of any ongoing repurchase program may be modified,
suspended, or discontinued at any time.
(2) Includes 55,838 shares of common stock that were surrendered by participants under the Amended and
Restated Chipotle Mexican Grill, Inc. 2006 Stock Incentive Plan as payment of statutory minimum tax
withholding on the vesting of performance shares and payout of the awards. Shares surrendered by the
participants pursuant to the terms of that plan and the applicable award agreements are deemed repurchased
by us, but are not part of publicly announced share repurchase programs.
27
Annual Report