Digital River 2002 Annual Report Download - page 31

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25
ITEM 4. SUBMISSION OF M A TTER S TO A V OTE OF SEC UR ITY HOLD ER S.
N one.
P AR T II
ITEM 5. MA R KET F OR R EGISTR AN T’ S C OM M ON EQUITY AN D R ELATED STOCKHOLDER M ATTER S.
Our Common Stock is traded on the Nasdaq National Market under the symbol “DRIV”. Public trading of our Common Stock commenced on
August 11, 1998. Prior to that, there was no public market for our Common Stock. The following table sets forth, for the periods indicated, the
high and low sale price per share of our Common Stock on the Nasdaq National Market. These over-the-counter market quotations reflect inter-
dealer prices, without retail mark-up, markdown or commission, and may not necessarily represent actual transactions.
HIGH LOW
2001
First quarter............................................................................................... $ 9.50 $ 2.50
Second quarter........................................................................................... $ 7.50 $ 3.50
Third quarter ............................................................................................. $ 7.93 $ 4.00
Fourth quarter............................................................................................ $ 19.60 $ 6.26
2002
First quarter............................................................................................... $ 21.94 $ 10.85
Second quarter........................................................................................... $ 9.50 $ 4.25
Third quarter ............................................................................................. $ 9.94 $ 6.40
Fourth quarter............................................................................................ $ 15.00 $ 7.41
As of February 28, 2003, there were approximately 480 holders of record of our Common Stock. On February 28, 2003, the last sale price
reported on the Nasdaq National Market System for our Common Stock was $8.98 per share.
We have never declared or paid any cash dividends on our capital stock. We intend to retain any future earnings to support operations and to
finance the growth and development of our business and do not anticipate paying cash dividends for the foreseeable future.
See Part III, Item 12 hereof with respect to securities authorized for issuance under equity compensation plans.