Dish Network 2012 Annual Report Download - page 32

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PART II
Item 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER
MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
Market Price of and Dividends on the Registrant’s Common Equity and Related Stockholder Matters
Market Information. Our Class A common stock is quoted on the Nasdaq Global Select Market under the symbol
“DISH.” The high and low closing sale prices of our Class A common stock during 2012 and 2011 on the Nasdaq
Global Select Market (as reported by Nasdaq) are set forth below.
2012 High L ow
First Quarter.................................... 33.03$ 27.64$
Second Quarter............................... 33.58 26.85
Third Quarter.................................. 33.15 26.31
Fourth Quarter................................ 37.68 30.29
2011 High L ow
First Quarter.................................... 24.40$ 19.56$
Second Quarter............................... 30.67 23.10
Third Quarter.................................. 32.01 21.37
Fourth Quarter................................ 29.00 23.27
As of February 12, 2013, there were approximately 10,225 holders of record of our Class A common stock, not
including stockholders who beneficially own Class A common stock held in nominee or street name. As of February
12, 2013, 228,548,767 of the 238,435,208 outstanding shares of our Class B common stock were beneficially held by
Charles W. Ergen, our Chairman, and the remaining 9,886,441 were held in trusts established by Mr. Ergen for the
benefit of his family. There is currently no trading market for our Class B common stock.
Dividends. On December 28, 2012, we paid a cash dividend of $1.00 per share, or approximately $453 million, on
our outstanding Class A and Class B common stock to stockholders of record at the close of business on December
14, 2012.
On December 1, 2011, we paid a cash dividend of $2.00 per share, or approximately $893 million, on our
outstanding Class A and Class B common stock to stockholders of record at the close of business on November 17,
2011.
While we currently do not intend to declare additional dividends on our common stock, we may elect to do so from
time to time. Payment of any future dividends will depend upon our earnings and capital requirements, restrictions in
our debt facilities, and other factors the Board of Directors considers appropriate. We currently intend to retain our
earnings, if any, to support future growth and expansion although we may repurchase shares of our common stock from
time to time. See further discussion under “Item 7. Management’s Discussion and Analysis of Financial Condition and
Results of Operations – Liquidity and Capital Resources” in this Annual Report on Form 10-K.
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Securities Authorized for Issuance Under Equity Compensation Plans. See “Item 12. Security Ownership of
Certain Beneficial Owners and Management and Related Stockholder Matters” in this Annual Report on Form 10-K.
Purchases of Equity Securities by the Issuer and Affiliated Purchasers
The following table provides information regarding purchases of our Class A common stock made by us for the period
from October 1, 2012 through December 31, 2012.
Pe riod
Total
Number of
Shares
Purchased
Average
Price Paid
per Share
Total Number of
Shares Purchased
as Part of Pub licly
Announced Plans
or Programs
Maximum Approximate
Dollar Value of Shares
th at May Yet be
Purchased U nder the
Plans or Programs (1)
October 1, 2012 - October 31, 2012............... - -$ - 1,000,000$
November 1, 2012 - November 30, 2012........ - -$ - 1,000,000$
December 1, 2012 - December 31, 2012......... - -$ - 1,000,000$
Total................................................................ - -$ - 1,000,000$
(In thousands, except share data)
(1) Our Board of Directors previously authorized stock repurchases of up to $1.0 billion of our Class A common
stock. On November 2, 2012, our Board of Directors extended this authorization, such that we are currently
authorized to repurchase up to $1.0 billion of our outstanding Class A common stock through and including
December 31, 2013. Purchases under our repurchase program may be made through open market purchases,
privately negotiated transactions, or Rule 10b5-1 trading plans, subject to market conditions and other factors.
We may elect not to purchase the maximum amount of shares allowable under this program and we may also
enter into additional share repurchase programs authorized by our Board of Directors.