JetBlue Airlines 2003 Annual Report Download - page 35

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Mr. Anderson was with Boeing Commercial Airplane Group where his positions included Sales
Director. He joined JetBlue in early 1999 as Director, Aircraft Programs.
Tim Claydon, age 39, is our Senior Vice President Sales, Marketing and Information Technology.
He has served in this capacity since July 2003 when he was promoted from Vice President Sales and
Business Development, a position he had held since February 2001. Mr. Claydon served as Senior
Manager Supplier Relations with Expedia Inc. from 1999 to 2001. From 1988 to 1999, he held various
sales and marketing management roles at Virgin Atlantic Airways, both in the UK and US, including
Vice President Sales and Marketing, North America.
PART II
ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY AND RELATED STOCKHOLDER
MATTERS
On April 12, 2002, our common stock began trading on the Nasdaq National Market under the
symbol JBLU. Prior to that time, there was no public trading market for our common stock. The table
below shows the high and low sales prices for our common stock, as adjusted for our November 2003
and December 2002 three-for-two stock splits:
High Low
2002 Quarter Ended
June 30 (beginning April 12) ........................... $ 24.51 $ 16.65
September 30 ...................................... 21.58 16.02
December 31 ...................................... 18.89 13.22
2003 Quarter Ended
March 31 ......................................... 19.97 15.43
June 30 .......................................... 28.54 18.16
September 30 ...................................... 41.73 27.55
December 31 ...................................... 47.15 25.44
As of January 31, 2004, there were approximately 450 holders of record of our common stock.
We have not paid cash dividends on our common stock and have no current intention of doing so,
in order to retain our earnings to finance the expansion of our business. Any future determination to
pay cash dividends will be at the discretion of our Board of Directors, subject to applicable limitations
under Delaware law, and will be dependent upon our results of operations, financial condition and
other factors deemed relevant by our Board of Directors.
On July 15, 2003, we completed a public offering of 4,485,000 shares of our common stock at
$28.33 per share, as adjusted for our November 2003 stock split, raising net proceeds of $122.5 million,
after deducting discounts and commissions paid to the underwriters and other expenses incurred in
connection with the offering. Also on the same day, we completed a separate private placement exempt
under Section 4(2) of the Securities Act of $175 million aggregate principal amount of 31⁄2% convertible
notes due 2033 raising net proceeds of $170.4 million, which were subsequently resold by the initial
purchasers of the notes to qualified institutional buyers pursuant to Rule 144A under the Securities
Act. Substantially all of the 31⁄2% convertible notes and the common stock issuable upon conversion of
those notes were subsequently registered for resale pursuant to a shelf registration statement on
Form S-3 under the Securities Act.
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