O'Reilly Auto Parts 2011 Annual Report Download - page 32

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22
PART II
Item 5. Market For Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
Common stock:
Shares of O’Reilly Automotive, Inc. (the ―Company‖) common stock are traded on The NASDAQ Global Select Market (―Nasdaq‖)
under the symbol ―ORLY‖. The Company’s common stock began trading on April 22, 1993; no cash dividends have been declared
since that time, and we do not anticipate paying any cash dividends in the foreseeable future.
As of February 20, 2012, the Company had approximately 96,000 shareholders of common stock based on the number of holders of
record and an estimate of individual participants represented by security position listings.
The prices in the following table represent the high and low sales price for the Company’s common stock as reported by Nasdaq.
First Quarter $ 60.69 $ 54.42 $ 43.00 $ 37.73
Second Quarter 65.51 55.38 51.40 41.61
Third Quarter 71.72 56.91 54.07 46.07
Fourth Quarter 81.70 64.97 63.04 52.84
For the Year 81.70 54.42 63.04 37.30
2011
2010
High
Low
High
Low
Sales of unregistered securities:
There were no sales of unregistered securities during the year ended December 31, 2011.
Issuer purchases of equity securities:
The following table identifies all repurchases during the fourth quarter ended December 31, 2011, of any of the Company’s securities
registered under Section 12 of the Exchange Act, as amended, by or on behalf of the Company or any affiliated purchaser (in
thousands, except per share amounts):
Period
Total Number of
Shares
Purchased
Average
Price Paid
per Share
Total Number of Shares
Purchased as Part of
Publicly Announced
Programs
Maximum Dollar Value of
Shares that May Yet Be
Purchased Under the
Programs
(1)
October 1, 2011, through October 31, 2011 291 65.81$ 291 140,869$
November 1, 2011, through November 30, 2011 581 75.32 581 597,160
December 1, 2011, through December 31, 2011 932 78.82 932 523,678
Total for the quarter ended December 31, 2011 1,804 75.60$ 1,804
(1) On January 11, 2011, the Company announced a$500 million share repurchase program, which was approved by the Board of Directors,
scheduled to e xp ire on January 10, 2014. On August 5, and November 16, 2011, the Company announced that its Board of Directors approved
resolutions to increase the authorization under the repurchase program by additions of $500 million each, raising the cumulative authorization
under the repurchase program to $1.5 billion. The additional$500 million authorizations are scheduled to e xp ire on August 5, 2014 and November
16, 2014, respectively. Under the program, the Company may, from time to time, repurchase shares of its common stock solely through open market
purchases effected through abroker dealer at prevailing market prices. No other share repurchase programs existed during the year ended
December 31, 2011.
Issuer Purchases of Equity Securities
The Company repurchased a total of 15.9 million shares of its common stock under its publicly announced share repurchase program
during the year ended December 31, 2011, at an average price per share of $61.49. Subsequent to December 31, 2011, and up to and
including February 28, 2012, the Company repurchased an additional 0.6 million shares of its common stock at an average price per
share of $83.39, for a total investment of $48 million, excluding fees and commissions.
FORM 10-K