Graco 2012 Annual Report Download - page 23

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17
PART II. OTHER INFORMATION
ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND
ISSUER PURCHASES OF EQUITY SECURITIES
The Company’s common stock is listed on the New York and Chicago Stock Exchanges (symbol: NWL). As of January 31, 2013,
there were 12,349 stockholders of record. The following table sets forth the high and low sales prices of the common stock on the
New York Stock Exchange Composite Tape for the calendar periods indicated:
2012 2011
Quarters High Low High Low
First $ 19.49 $ 15.93 $ 20.38 $ 17.57
Second 19.12 16.63 19.81 14.14
Third 19.74 16.67 16.27 11.31
Fourth 22.49 18.80 16.53 10.87
The Company has paid regular cash dividends on its common stock since 1947. For 2012, the Company paid a quarterly cash
dividend of $0.08 per share in the first quarter, $0.10 per share in each of the second and third quarters, and $0.15 per share in the
fourth quarter. For 2011, the Company paid a quarterly cash dividend of $0.05 per share in the first quarter and $0.08 per share
in each of the second, third and fourth quarters. The payment of dividends to holders of the Company’s common stock remains
at the discretion of the board of directors and will depend upon many factors, including the Company’s financial condition, earnings,
legal requirements and other factors the board of directors deems relevant.
ISSUER PURCHASES OF EQUITY SECURITIES
The following table provides information about the Company’s purchases of equity securities during the quarter ended
December 31, 2012:
Period Total Number of Shares
Purchased(1) Average Price
Paid per Share
Total Number of Shares
Purchased as Part of
Publicly Announced
Plans or Programs(2)
Maximum
Approximate Dollar
Value of Shares that
May Yet Be Purchased
Under the Plans or
Programs(2)
10/1/12-10/31/12 61,700 $ 18.96 61,700 $ 185,544,827
11/1/12-11/30/12 415,340 20.87 397,200 177,249,105
12/1/12-12/31/12 687,361 21.83 680,000 162,403,104
Total 1,164,401 $ 21.34 1,138,900
__________________
(1) During the three months ended December 31, 2012, all share purchases other than those pursuant to the $300.0 million share repurchase program (the
“SRP”) were made to satisfy employees’ tax withholding and payment obligations in connection with the vesting of awards of restricted stock units,
which are repurchased by the Company based on their fair market value on the vesting date. In November and December, in addition to the shares
purchased under the SRP, the Company purchased 18,140 shares (average price: $20.49) and 7,361 shares (average price: $21.90), respectively, in
connection with vesting of employees’ stock-based awards.
(2) Under the SRP, the Company may repurchase its own shares of common stock through a combination of a 10b5-1 automatic trading plan, discretionary
market purchases or in privately negotiated transactions. The SRP is authorized to run through August 2014. The average per share price of shares
purchased in October, November and December was $18.96, $20.89 and $21.83, respectively.