Citrix 2012 Annual Report Download - page 33

Download and view the complete annual report

Please find page 33 of the 2012 Citrix annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 118

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118

29
PART II
ITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER
PURCHASES OF EQUITY SECURITIES
Price Range of Common Stock and Dividend Policy
Our common stock is currently traded on The NASDAQ Global Select Market under the symbol CTXS. The following
table sets forth the high and low sales prices for our common stock as reported on The NASDAQ Global Select Market for the
periods indicated, as adjusted to the nearest cent.
High Low
Year Ended December 31, 2012:
Fourth quarter $ 77.82 $ 56.57
Third quarter $ 85.65 $ 68.17
Second quarter $ 87.99 $ 69.89
First quarter $ 80.70 $ 60.15
Year Ended December 31, 2011:
Fourth quarter $ 78.00 $ 51.60
Third quarter $ 84.00 $ 50.21
Second quarter $ 88.49 $ 71.43
First quarter $ 73.99 $ 61.24
On February 15, 2013, the last reported sale price of our common stock on The NASDAQ Global Select Market was
$72.62 per share. As of February 15, 2013, there were approximately 724 holders of record of our common stock.
We currently intend to retain any earnings for use in our business, for investment in acquisitions and to repurchase shares
of our common stock. We have not paid any cash dividends on our capital stock in the last two years and do not currently
anticipate paying any cash dividends on our capital stock in the foreseeable future.
Issuer Purchases of Equity Securities
Our Board of Directors has authorized an ongoing stock repurchase program with a total repurchase authority granted to
us of $3.4 billion. We may use the approved dollar authority to repurchase stock at any time until the approved amount is
exhausted. The objective of the stock repurchase program is to improve stockholders’ returns. At December 31, 2012,
approximately $335.6 million was available to repurchase common stock pursuant to the stock repurchase program. All shares
repurchased are recorded as treasury stock. The following table shows the monthly activity related to our stock repurchase
program for the quarter ended December 31, 2012.
Total Number
of Shares
Purchased (1)
Average
Price Paid
per Share
Total Number
of Shares
Purchased as Part
of Publicly
Announced Plans
or Programs
Approximate dollar
value of Shares that
may yet be
Purchased under the
Plans or Programs
(in thousands)(2)
October 1, 2012 through October 31, 2012 368,171 $ 67.80 359,600 $ 387,299
November 1, 2012 through November 30, 2012 456,346 $ 60.87 439,100 $ 360,567
December 1, 2012 through December 31, 2012 406,641 $ 63.85 390,317 $ 335,610
Total 1,231,158 $ 63.93 1,189,017 $ 335,610
(1) Represents shares acquired in open market purchases and 42,141 shares withheld from stock units that vested in the
fourth quarter of 2012 to satisfy minimum tax withholding obligations that arose on the vesting of stock units. We
expended approximately $76.1 million during the quarter ended December 31, 2012 for repurchases of our common
stock. For more information see Note 8 to our condensed consolidated financial statements.
(2) Shares withheld from stock units that vested to satisfy minimum tax withholding obligations that arose on the vesting
of stock units do not deplete the dollar amount available for purchases under the repurchase program.