Metro PCS 2011 Annual Report Download - page 70

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59
PART II
Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
Market Information
Our common stock began trading on April 19, 2007 on the New York Stock Exchange under the symbol “PCS.” Prior to
April 19, 2007, there was no established public trading market for our common stock. The following table sets forth for the
periods indicated the high and low composite per share prices as reported by the New York Stock Exchange.
High Low
Fiscal year ended December 31, 2010
First quarter $ 7.99 $ 5.53
Second quarter 9.15 7.15
Third quarter 10.49 8.30
Fourth quarter 12.74 10.29
Fiscal year ended December 31, 2011
First quarter $ 16.32 $ 12.53
Second quarter 18.69 15.94
Third quarter 17.77 8.71
Fourth quarter 9.73 7.51
Holders
As of January 31, 2012, the closing price of our common stock was $8.84 per share, there were 362,504,956 shares of our
common stock outstanding, and there were approximately 50,000 holders of record of our common stock.
Dividends
We have never paid or declared any regular cash dividends on our common stock and do not intend to declare or pay
regular cash dividends on our common stock in the foreseeable future. The terms of our senior secured credit facility, as
amended, and the indentures and supplemental indentures related to our senior notes restrict our ability to declare or pay
dividends if a default or an event of a default has occurred or is continuing. We currently intend to retain future earnings, if any,
to invest in our business. Subject to Delaware law, our board of directors will determine the payment of future dividends on our
common stock, if any, and the amount of any dividends in light of:
• any applicable contractual restrictions limiting our ability to pay dividends;
• our earnings and cash flows;
• our capital requirements;
• our future needs for cash;
• our financial condition; and
• other factors our board of directors deems relevant.
Equity Compensation Plan Information
The following table provides information as of December 31, 2011 with respect to shares of MetroPCS Communications'
common stock issuable under our equity compensation plans which consist of the Second Amended and Restated 1995 Stock
Option Plan of MetroPCS, Inc., as amended, or the 1995 Plan, the Amended and Restated MetroPCS Communications, Inc.
2004 Equity Incentive Compensation Plan, or the 2004 Plan, and the MetroPCS Communications, Inc. 2010 Equity Incentive
Compensation Plan, or the 2010 Plan.