Harley Davidson 2015 Annual Report Download - page 20

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20
PART II
Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchase of Equity
Securities
Harley-Davidson, Inc. common stock is traded on the New York Stock Exchange, Inc. The high and low market prices
for the common stock, reported as New York Stock Exchange, Inc. Composite Transactions, were as follows:
2015 Low High 2014 Low High
First quarter $ 58.24 $ 66.58 First quarter $ 60.55 $ 70.04
Second quarter $ 53.04 $ 62.96 Second quarter $ 63.74 $ 74.13
Third quarter $ 50.64 $ 60.67 Third quarter $ 60.24 $ 70.65
Fourth quarter $ 45.00 $ 57.10 Fourth quarter $ 54.22 $ 70.41
The Company paid the following dividends per share:
2015 2014 2013
First quarter $ 0.310 $ 0.275 $ 0.210
Second quarter 0.310 0.275 0.210
Third quarter 0.310 0.275 0.210
Fourth quarter 0.310 0.275 0.210
Total $ 1.240 $ 1.100 $ 0.840
As of January 29, 2016, there were 75,729 shareholders of record of Harley-Davidson, Inc. common stock.
The following table contains detail related to the repurchase of common stock based on the date of trade during the
quarter ended December 31, 2015:
2015 Fiscal Period 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
September 28 to November 1 5,720,788 $ 53 5,720,788 15,860,592
November 2 to November 29 5,218,675 $ 49 5,218,675 10,746,571
November 30 to December 31 1,761,931 $ 48 1,761,931 8,986,667
Total 12,701,394 $ 51 12,701,394
The Company had an authorization (originally adopted in December 1997) by its Board of Directors to repurchase shares
of its outstanding common stock under which the cumulative number of shares repurchased, at the time of any repurchase, shall
not exceed the sum of (1) the number of shares issued in connection with the exercise of stock options occurring on or after
January 1, 2004 plus (2) one percent of the issued and outstanding common stock of the Company on January 1 of the current
year, adjusted for any stock split (1997 Authorization). The Company made discretionary share repurchases of 0.1 million
shares during the fourth quarter ended December 31, 2015 under this authorization. As of December 31, 2015, there were no
shares available under this authorization. In February 2016, the Company's Board of Directors separately authorized the
Company to buy back up to 20.0 million shares of its common stock with no dollar limit or expiration date, which superseded
the authority granted by the 1997 Authorization.
In December 2007, the Company’s Board of Directors separately authorized the Company to buy back up to 20.0 million
shares of its common stock with no dollar limit or expiration date. The Company made no discretionary share repurchases
during the fourth quarter ended December 31, 2015 under this authorization. As of December 31, 2015, no shares remained
under this authorization.
In February 2014, the Company's Board of Directors authorized the Company to repurchase up to 20.0 million shares of
its common stock with no dollar limit or expiration date. This board authorization is in addition to existing share repurchase
authorizations. Six million six hundred thousand shares were repurchased by the Company during the quarter ended
December 31, 2015 under this authorization. As of December 31, 2015, no shares remained under this authorization.
Additionally, in June 2015, the Company's Board of Directors authorized the Company to repurchase up to 15.0 million
shares of its common stock with no dollar limit or expiration date. The Company repurchased 6.0 million discretionary shares