Express Scripts 2012 Annual Report Download - page 35

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Express Scripts 2012 Annual Report 33
32
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 common stock is traded on the Nasdaq Global Select Market (“Nasdaq”) under the symbol
“ESRX.” The high and low prices, as reported by the Nasdaq, are set forth below for the periods indicated. Note that prices
for the period before April 2, 2012 relate to the common stock of ESI and the prices for the period after April 2, 2012 relate
to the common stock of Express Scripts.
Fiscal Year 2012
Fiscal Year 2011
Common Stock
High
Low
High
Low
First Quarter
$ 55.34
$ 45.66
$ 58.77
$ 50.91
Second Quarter
58.98
50.31
60.89
52.27
Third Quarter
64.46
53.61
57.47
37.06
Fourth Quarter
66.06
49.79
48.39
34.47
Holders. As of December 31, 2012, there were 63,776 stockholders of record of our common stock. We estimate
that there are approximately 677,224 beneficial owners of our common stock.
Dividends. The Board of Directors has not declared any cash dividends on our common stock since our initial
public offering and does not currently intend to declare any cash dividends in the foreseeable future. The terms of our
existing credit facility contain certain restrictions on our ability to declare or pay cash dividends, as discussed in “Part II —
Item 7 — Management’s Discussion and Analysis of Financial Condition and Results of Operations — Liquidity and
Capital Resources — Bank Credit Facility.”
Recent Sales of Unregistered Securities
None.
Issuer Purchases of Equity Securities
ESI had a stock repurchase program, originally announced on October 25, 1996. Treasury shares were carried at
first in, first out cost.
Upon consummation of the Merger on April 2, 2012, all ESI shares held in treasury were no longer outstanding
and were cancelled and retired and ceased to exist. The Board of Directors of the Company has not adopted a stock
repurchase program to allow for the repurchase of shares of Express Scripts.