Oracle 2012 Annual Report Download - page 39

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 the NASDAQ since our initial public offering in 1986. According to the records of our transfer agent,
we had 15,269 stockholders of record as of May 31, 2012. 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 2012 Fiscal 2011
Low Sale
Price High Sale Price Low Sale Price High Sale Price
Fourth Quarter ................................
Third Quarter .................................
Second Quarter ................................
First Quarter ..................................
$ 25.61
$ 25.51
$ 26.00
$ 24.78
$ 30.24
$ 31.90
$ 33.69
$ 34.09
$ 30.20
$ 27.65
$ 22.48
$ 21.46
$ 36.37
$ 33.68
$ 29.53
$ 24.64
We declared and paid cash dividends totaling $0.24 and $0.21 per outstanding common share over the course of
fiscal 2012 and 2011, respectively.
In June 2012, our Board of Directors declared a quarterly cash dividend of $0.06 per share of outstanding
common stock payable on August 3, 2012 to stockholders of record as of the close of business on July 13, 2012.
We currently expect to continue paying comparable cash dividends on a quarterly basis; however, 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 us to repurchase shares of our common stock. On
December 20, 2011, we announced that our Board of Directors approved an expansion of our stock repurchase
program by an additional $5.0 billion. On June 18, 2012, we announced that our Board of Directors approved a
further expansion by an additional $10.0 billion. Approximately $3.1 billion remained available for stock
repurchases as of May 31, 2012 pursuant to our stock repurchase program prior to the additional amount
authorized in June 2012.
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 ended May 31, 2012 and the
approximate dollar value of shares that may yet be purchased pursuant to our stock repurchase program:
Total Number of
Shares Purchased as Approximate Dollar
Total Number Average Price Part of Publicly Value of Shares that
of Shares Paid per Announced May Yet Be Purchased
(in millions, except per share amounts) Purchased Share Programs Under the Programs
March 1, 2012—March 31, 2012 ....... 18.6 $ 29.49 18.6 $ 5,055.1
April 1, 2012—April 30, 2012 ......... 32.3 $ 28.97 32.3 $ 4,119.5
May 1, 2012—May 31, 2012 .......... 36.8 $ 27.19 36.8 $ 3,119.5
Total ......................... 87.7 $ 28.34 87.7
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