Goldman Sachs 2015 Annual Report Download - page 58

THE GOLDMAN SACHS GROUP, INC. AND SUBSIDIARIES
PART II
Item 5. Market for Registrant’s Common
Equity, Related Stockholder Matters and
Issuer Purchases of Equity Securities
The principal market on which our common stock is traded
is the NYSE. Information relating to the high and low sales
prices per share of our common stock, as reported by the
Consolidated Tape Association, for each full quarterly
period during 2013, 2014 and 2015 is set forth under the
heading “Supplemental Financial Information — Common
Stock Price Range” in Part II, Item 8 of the 2015
Form 10-K. As of February 5, 2016, there were
9,307 holders of record of our common stock.
The table below presents dividends declared by Group Inc.
during 2014 and 2015.
Date of Declaration
Dividend Declared
Per Common Share
2014
First Quarter January 15, 2014 $0.55
Second Quarter April 16, 2014 0.55
Third Quarter July 14, 2014 0.55
Fourth Quarter October 15, 2014 0.60
2015
First Quarter January 15, 2015 0.60
Second Quarter April 15, 2015 0.65
Third Quarter July 15, 2015 0.65
Fourth Quarter October 14, 2015 0.65
The declaration of dividends by Group Inc. is subject to the
discretion of our Board. Our Board will take into account
such matters as general business conditions, our financial
results, capital requirements, contractual, legal and
regulatory restrictions on the payment of dividends by us to
our shareholders or by our subsidiaries to us, the effect on
our debt ratings and such other factors as our Board may
deem relevant. The holders of our common stock share
proportionately on a per share basis in all dividends and
other distributions on common stock declared by the Board
of Directors of Group Inc. (Board). See “Business —
Regulation” in Part I, Item 1 of the 2015 Form 10-K for
information about potential regulatory limitations on our
receipt of funds from our regulated subsidiaries and our
payment of dividends to shareholders of Group Inc.
The table below presents purchases made by or on behalf of
Group Inc. or any “affiliated purchaser” (as defined in
Rule 10b-18(a)(3) under the Exchange Act), of our
common stock during the fourth quarter of 2015.
Information relating to compensation plans under which
our equity securities are authorized for issuance is presented
in Part III, Item 12 of the 2015 Form 10-K.
Total
Number
of Shares
Purchased
Average
Price
Paid Per
Share
Total
Number
of Shares
Purchased
as Part of
Publicly
Announced
Plans or
Programs
Maximum
Number
of Shares
That May
Yet Be
Purchased
Under the
Plans or
Programs
Month #1
(October 1, 2015 to
October 31, 2015) 2,901,624 $183.27 2,901,624 69,164,345
Month #2
(November 1, 2015 to
November 30, 2015) 2,915,027 192.22 2,915,027 66,249,318
Month #3
(December 1, 2015 to
December 31, 2015) 3,047,435 183.07 3,047,435 63,201,883
Total 8,864,086 8,864,086
On March 21, 2000, we announced that our Board had
approved a repurchase program authorizing repurchases of
up to 15 million shares of our common stock, which was
increased by an aggregate of 490 million shares by
resolutions of our Board adopted from June 2001 through
October 2015. The repurchase program is effected
primarily through regular open-market purchases (which
may include repurchase plans designed to comply with
Rule 10b5-1), the amounts and timing of which are
determined primarily by the firm’s current and projected
capital position, but which may also be influenced by
general market conditions and the prevailing price and
trading volumes of our common stock. The repurchase
program has no set expiration or termination date. Prior to
repurchasing common stock, we must receive confirmation
that the Board of Governors of the Federal Reserve System
does not object to such capital actions.
Item 6. Selected Financial Data
The Selected Financial Data table is set forth under Part II,
Item 8 of the 2015 Form 10-K.
46 Goldman Sachs 2015 Form 10-K