Oracle 2013 Annual Report Download - page 36

Table of Contents
PART II
Our common stock is traded on the New York Stock Exchange under the symbol “ORCL”. Prior to July 15, 2013, our common stock traded on
the NASDAQ Global Select Market under the symbol “ORCL”. According to the records of our transfer agent, we had 12,111 stockholders of
record as of May 31, 2014. The following table sets forth the low and high sale prices per share of our common stock, based on the last daily
sale, in each of our last eight fiscal quarters.
We declared and paid cash dividends totaling $0.48 and $0.30 per outstanding common share over the course of fiscal 2014 and 2013,
respectively.
In June 2014, our Board of Directors declared a quarterly cash dividend of $0.12 per share of our outstanding common stock payable on July 30,
2014 to stockholders of record as of the close of business on July 9, 2014. 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 June 20, 2013, we announced that our
Board of Directors approved an expansion of our stock repurchase program by an additional $12.0 billion. Approximately $4.3 billion remained
available for stock repurchases as of May 31, 2014 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 ended May 31, 2014 and the approximate dollar value of
shares that may yet be purchased pursuant to our stock repurchase program:
32
Item 5.
Market for Registrant
’
s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
Fiscal 2014
Fiscal 2013
Low Sale
Price
High Sale
Price
Low Sale
Price
High Sale
Price
Fourth Quarter
$
37.50
$
42.20
$
31.25
$
36.34
Third Quarter
$
33.23
$
39.11
$
31.61
$
36.21
Second Quarter
$
32.02
$
35.29
$
29.58
$
33.10
First Quarter
$
29.96
$
34.40
$
26.00
$
32.20
(in millions, except per share amounts)
Total Number of
Shares
Purchased
Average Price
Paid per
Share
Total Number of
Shares Purchased as
Part of Publicly
Announced
Program
Approximate Dollar
Value of Shares that
May Yet Be
Purchased
Under the Program
March 1, 2014
—
March 31, 2014
16.9
$
38.76
16.9
$
5,640.6
April 1, 2014
—
April 30, 2014
16.3
$
40.14
16.3
$
4,984.3
May 1, 2014
—
May 31, 2014
15.8
$
41.57
15.8
$
4,328.1
Total
49.0
$
40.12
49.0