Oracle 2015 Annual Report Download - page 39

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 New York Stock Exchange under the symbol “ORCL.” According to the records of our transfer agent, we had 10,869
stockholders of record as of May 31, 2016. 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.
Fiscal 2016 Fiscal 2015
Low Sale
Price
High Sale
Price
Low Sale
Price
High Sale
Price
Fourth Quarter $ 37.76 $ 41.61 $ 41.47 $ 44.73
Third Quarter $ 33.94 $ 39.23 $ 39.95 $ 46.23
Second Quarter $ 35.44 $ 40.62 $ 37.56 $ 42.41
First Quarter $ 35.45 $ 44.91 $ 39.61 $ 42.81
We declared and paid cash dividends totaling $0.60 and $0.51 per outstanding common share over the course of fiscal 2016 and fiscal 2015, respectively.
In June 2016, our Board of Directors declared a quarterly cash dividend of $0.15 per share of our outstanding common stock payable on July 27, 2016 to
stockholders of record as of the close of business on July 6, 2016. 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 March 15, 2016, we announced that our Board of Directors
approved an expansion of our stock repurchase program by an additional $10.0 billion. As of May 31, 2016, approximately $8.8 billion remained available for
stock 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 ended May 31, 2016 and the approximate dollar value of shares that may yet be
purchased pursuant to our stock repurchase program:
(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, 2016—March 31, 2016 16.9 $ 39.50 16.9 $ 10,142.4
April 1, 2016—April 30, 2016 15.8 $ 40.80 15.8 $ 9,496.6
May 1, 2016—May 31, 2016 16.5 $ 39.69 16.5 $ 8,840.6
Total 49.2 $ 39.98 49.2
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