Oracle 2008 Annual Report Download - page 30

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Table of Contents
PART II
Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases
of Equity Securities
Our common stock is traded on the NASDAQ Global Select Market under the symbol “ORCL” and has been
traded on NASDAQ since our initial public offering in 1986. According to the records of our transfer agent,
we had 18,952 stockholders of record as of May 31, 2009. The following table sets forth the low and high sale
price of our common stock, based on the last daily sale, in each of our last eight fiscal quarters.
Fiscal 2009 Fiscal 2008
Low Sale High Sale Low Sale High Sale
Price Price Price Price
Fourth Quarter $ 13.85 $ 19.79 $ 18.44 $ 22.84
Third Quarter $ 15.44 $ 18.41 $ 18.80 $ 23.11
Second Quarter $ 15.40 $ 21.55 $ 19.36 $ 22.92
First Quarter $ 20.25 $ 23.52 $ 18.73 $ 20.78
In the fourth quarter of fiscal 2009, we declared and paid our first quarterly cash dividend in our history of
$0.05 per share of outstanding common stock. In June 2009, our Board of Directors declared a quarterly cash
dividend of $0.05 per share of outstanding common stock payable on August 13, 2009 to stockholders of
record as of the close of business on July 15, 2009. Future declarations of dividends and the establishment of
future record and payment dates are subject to the final determination of our Board of Directors.
For equity compensation plan information, please refer to Item 12 in Part III of this Annual Report.
Stock Repurchase Programs
Our Board of Directors has approved a program for Oracle to repurchase shares of our common stock. On
October 20, 2008, we announced that our Board of Directors had approved the expansion of our repurchase
program by $8.0 billion and as of May 31, 2009, approximately $6.3 billion was available for share
repurchases pursuant to our stock repurchase program.
Our stock repurchase authorization does not have an expiration date and the pace of our repurchase activity
will depend on factors such as our working capital needs, our cash requirements for acquisitions and dividend
payments, our debt repayment obligations or repurchases of our debt, our stock price, and economic and
market conditions. Our stock repurchases may be effected from time to time through open market purchases
or pursuant to a Rule 10b5-1 plan. Our stock repurchase program may be accelerated, suspended, delayed or
discontinued at any time.
The following table summarizes the stock repurchase activity for the three months ending May 31, 2009 and
the approximate dollar value of shares that may yet be purchased pursuant to our share repurchase program:
Total Number of Approximate Dollar
Total Number Average Shares Purchased as Value of Shares that
of Shares Price Paid Part of Publicly May Yet Be Purchased
(in millions, except per share amounts) Purchased per Share Announced Programs Under the Programs
March 1, 2009—March 31, 2009 5.4 $ 16.08 5.4 $ 6,414.5
April 1, 2009—April 30, 2009 4.4 $ 19.11 4.4 $ 6,331.1
May 1, 2009—May 31, 2009 4.2 $ 18.80 4.2 $ 6,251.8
Total 14.0 $ 17.85 14.0
25
Source: ORACLE CORP, 10-K, June 29, 2009 Powered by Morningstar® Document Research℠