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32
Express Scripts 2015 Annual Report
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.
Fiscal Year 2015 Fiscal Year 2014
Common Stock High Low High Low
First Quarter $ 88.83 $ 79.01 $ 79.37 $ 69.61
Second Quarter 92.46 83.41 76.21 64.64
Third Quarter 94.61 68.06 75.95 65.08
Fourth Quarter 89.20 79.66 86.27 68.78
Holders. As of February 1, 2016, there were 51,023 stockholders of record of our common stock. We estimate there
are approximately 670,177 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.
Recent Sales of Unregistered Securities
None.
Issuer Purchases of Equity Securities
There were no repurchases of the Company’s common stock during the fourth quarter of 2015. In December 2015, the
Board of Directors of the Company approved an increase in the authorized number of shares that may be repurchased under the
share repurchase program, originally announced in 2013, by an additional 60.0 million shares, for a total authorization of 265.0
million shares (including shares previously purchased, as adjusted for any subsequent stock split, stock dividend or similar
transaction), of our common stock. In January 2016, we settled the accelerated share repurchase program (the “2015 ASR
Agreement”) and received 9.1 million additional shares, resulting in a total of 64.2 million shares received under the 2015 ASR
Agreement. See Note 8 - Common stock to our consolidated financial statements included in “Part II — Item 8” of this Annual
Report on Form 10-K for further discussion regarding the 2015 ASR Agreement. As of December 31, 2015, there were 88.6
million shares remaining under the share repurchase program. Additional share repurchases, if any, will be made in such
amounts and at such times as we deem appropriate based upon prevailing market and business conditions and other factors.