Comcast 2008 Annual Report Download - page 21

Part II
Item 5: Market for the Registrant’s
Common Equity, Related Stockholder
Matters and Issuer Purchases of Equity
Securities
Our Class A common stock is listed on the Nasdaq Global Select
Market under the symbol CMCSA and our Class A Special com-
mon stock is listed on the Nasdaq Global Select Market under the
symbol CMCSK. There is no established public trading market for
our Class B common stock. Our Class B common stock can be
converted, on a share for share basis, into Class A or Class A
Special common stock.
In February, May, August and December 2008, our Board of Direc-
tors approved quarterly dividends of $0.0625 per share.
Holders of our Class A common stock in the aggregate hold
66
2
⁄ 3 % of the voting power of our capital stock. The number of
votes that each share of our Class A common stock has at any
given time depends on the number of shares of Class A common
stock and Class B common stock then outstanding. Holders of
shares of our Class A Special common stock cannot vote in the
election of directors or otherwise, except where class voting is
required by law. In that case, shares of our Class A Special
common stock have the same number of votes per share as
shares of Class A common stock. Our Class B common stock has
a33
1
⁄ 3 % nondilutable voting interest, and each share of Class B
common stock has 15 votes per share. Mr. Brian L. Roberts bene-
ficially owns all outstanding shares of our Class B common stock.
Generally, including as to the election of directors, holders of
Class A common stock and Class B common stock vote as one
class except where class voting is required by law.
As of December 31, 2008, there were 798,947 record holders of
our Class A common stock, 2,127 record holders of our Class A
Special common stock and three record holders of our Class B
Common Stock.
The table below summarizes our repurchases under our Board-authorized share repurchase program during 2008.
Period
Total Number
of Shares
Purchased
Average Price
per Share
Total Number
of Shares
Purchased as
Part of Publicly
Announced
Program
Total Dollars
Purchased Under
the Program
Maximum Dollar
Value of Shares that
May Yet Be
Purchased Under
the Program(a)
First Quarter 2008 53,240,452 $ 18.83 53,108,431 $ 1,000,000,000 $ 5,906,133,015
Second Quarter 2008 48,719,970 $ 20.79 48,123,097 $ 1,000,086,833 $ 4,906,046,182
Third Quarter 2008 39,678,437 $ 20.16 39,678,437 $ 800,001,409 $ 4,106,044,773
Fourth Quarter 2008 — $ — — $ — $ 4,106,044,773
Total 2008 141,638,859 $ 19.87 140,909,965 $ 2,800,088,242 $ 4,106,044,773
(a) In 2007, the Board of Directors authorized a $7 billion addition to the existing share repurchase program. Under the authorization, we may repurchase shares in the open
market or in private transactions subject to market conditions. As of December 31, 2008, we had approximately $4.1 billion of availability remaining under our share repurchase
authorization. We have previously indicated our plan to fully use our remaining share repurchase authorization by the end of 2009, subject to market conditions. However, it is
unlikely that we will complete our share repurchase authorization by the end of 2009 as previously planned.
The total number of shares purchased during 2008 includes 728,894 shares received in the administration of employee share-based
compensation plans.
19 Comcast 2008 Annual Report on Form 10-K