IHOP 2011 Annual Report Download - page 44

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26
Item 4. Mine and Safety Disclosure
Not Applicable.
PART II
Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity
Securities.
Market Information
Our common stock is traded on the NYSE under the symbol "DIN". The following table sets forth the high and low sales
prices of our common stock on the NYSE for each quarter of 2011 and 2010. We did not pay dividends on our common stock in
2011 and 2010.
Quarter
First
Second
Third
Fourth
Fiscal Year 2011
Prices
High
$ 60.11
$ 56.78
$ 56.37
$ 49.64
Low
$ 49.46
$ 46.26
$ 35.47
$ 35.20
Fiscal Year 2010
Prices
High
$ 41.15
$ 48.38
$ 45.90
$ 57.80
Low
$ 22.13
$ 26.24
$ 24.92
$ 42.25
Holders
The number of shareholders of record and beneficial owners of the Company's common stock as of February 3, 2012 was
estimated to be 5,700.
Dividends
Under our current debt agreements, we are restricted from paying dividends on common stock until certain financial ratios
are achieved. Those ratios have not been achieved as of December 31, 2011. At such time as those financial ratios are achieved,
dividend payments on common stock may be resumed at the discretion of the Board of Directors after consideration of the
Company's earnings, financial condition, cash requirements, future prospects and other factors.
Securities Authorized for Issuance Under Equity Compensation Plans
The following table provides information as of December 31, 2011, regarding shares outstanding and available for
issuance under our existing equity compensation plans:
Plan Category
Equity compensation plans approved by security
holders
Equity compensation plans not approved by
security holders
Total
Number of securities to be
issued upon exercise of
outstanding options,
warrants and rights (a)
1,318,640
—
1,318,640
Weighted average
exercise price of
outstanding options,
warrants and rights (b)
$ 32.06
—
$ 32.06
Number of securities
remaining available for
future issuance under
equity compensation plans
(excluding securities
reflected in column (a)) (c)
1,370,442
—
1,370,442
The number of securities remaining available for future issuance includes represents shares under our 2011 Stock Incentive
Plan. Please refer to Note 18, Stock-Based Incentive Plans, in the Notes to the Consolidated Financial Statements for a description
of the Plan.