Citrix 2013 Annual Report Download - page 33

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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, 2013:
Fourth quarter $ 71.74 $ 54.52
Third quarter $ 77.16 $ 60.50
Second quarter $ 72.65 $ 58.00
First quarter $ 75.50 $ 65.52
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
On February 14, 2014, the last reported sale price of our common stock on The NASDAQ Global Select Market was
$57.14 per share. As of February 14, 2014, there were approximately 656 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 $3.9 billion, of which $500.0 million was approved in October 2013. 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, 2013, approximately $429.3 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, 2013.
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, 2013 through October 31, 2013 927,281 $ 57.63 918,954 $ 626,395
November 1, 2013 through November 30, 2013 3,421,506 $ 57.89 3,404,982 $ 429,284
December 1, 2013 through December 31, 2013 30,437 $ 58.64 — $ 429,284
Total 4,379,224 $ 57.84 4,323,936 $ 429,284
(1) Represents shares acquired in open market purchases and 55,288 shares withheld from stock units that vested in the
fourth quarter of 2013 to satisfy minimum tax withholding obligations that arose on the vesting of stock units. We
expended approximately $249.9 million during the quarter ended December 31, 2013 for repurchases of our common
stock. For more information see Note 8 to our 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.