PG&E 2015 Annual Report Download - page 46

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38
PART II
ITEM 5. Market for Registrant’s Common Equity, Related
Stockholder Matters and Issuer Purchases of Equity
Securities
As of February 12, 2016, there were 59,317 holders of record
of PG&E Corporation common stock. PG&E Corporation
common stock is listed on the New York Stock Exchange.
The high and low sales prices of PG&E Corporation common
stock for each quarter of the two most recent fiscal years
are set forth in the table entitled “Quarterly Consolidated
Financial Data (Unaudited)” which appears after the
Notes to the Consolidated Financial Statements in Item 8.
Shares of common stock of the Utility are wholly owned
by PG&E Corporation. Information about the frequency
and amount of dividends on common stock declared by
PG&E Corporation and the Utility for the two most recent
fiscal years and information about the restrictions upon the
payment of dividends on their common stock Utility appears
in PG&E Corporation’s Consolidated Statements of Equity,
the Utility’s Consolidated Statements of Shareholders’
Equity, and Note 5 of the Notes to the Consolidated
Financial Statements in Item 8 and in “Liquidity and
Financial Resources – Dividends” in Item 7 below.
Sales of Unregistered Equity Securities
PG&E Corporation made equity contributions to the Utility
totaling $100 million during the quarter ended December
31, 2015. PG&E Corporation did not make any sales of
unregistered equity securities during 2015 in reliance
on an exemption from registration under the Securities
Act of 1933, as amended. However, PG&E Corporation
recently discovered, based on a review of new accounts
opened under its Dividend Reinvestment and Stock
Purchase Plan (“DRSPP”) since 2013, that it issued and
sold shares of common stock under the optional cash
purchase feature of its DRSPP more than three years
after the related registration statement for the DRSPP
became eective, including approximately 19,550 shares
for estimated aggregate sales proceeds of $1 million
during the year ended December 31, 2015. As a result,
participants who purchased these shares may have a
rescission right that would allow them to return the shares
to PG&E Corporation in exchange for the purchase price
paid by such participants, plus interest, less the value of
dividends received.
Issuer Purchases of Equity Securities
During the quarter ended December 31, 2015, PG&E
Corporation did not redeem or repurchase any shares
of common stock outstanding. Also, during the quarter
ended December 31, 2015, the Utility did not redeem or
repurchase any shares of its various series of preferred
stock outstanding.