Quest Diagnostics 2010 Annual Report Download - page 37

PART II
Item 5. Market for Registrant’s Common Stock, Related Stockholder Matters and Issuer Purchases of
Equity Securities
Our common stock is listed and traded on the New York Stock Exchange under the symbol “DGX.” As of
February 1, 2011, we had approximately 4,600 record holders of our common stock; we believe that the number
of beneficial holders of our common stock exceeds the number of record holders. The following table sets forth,
for the periods indicated, the high and low sales price per share as reported on the New York Stock Exchange
Consolidated Tape and dividend information.
High Low
Dividends
Declared
Common Stock
Market Price
2009
First Quarter .................. $52.98 $42.36 $0.10
Second Quarter ............... 56.82 46.17 0.10
Third Quarter ................. 57.19 50.24 0.10
Fourth Quarter ................ 62.83 51.20 0.10
2010
First Quarter .................. $61.72 $54.63 $0.10
Second Quarter ............... 60.28 40.80 0.10
Third Quarter ................. 51.11 43.38 0.10
Fourth Quarter ................ 54.93 46.75 0.10
We expect to fund future dividend payments with cash flows from operations, and do not expect the
dividend to have a material impact on our ability to finance future growth.
The table below sets forth the information with respect to purchases made by or on behalf of the Company
of its common stock during the fourth quarter of 2010.
ISSUER PURCHASES OF EQUITY SECURITIES
Period
Total Number of
Shares Purchased
Average Price
Paid per
Share
Total Number
of Shares
Purchased as
Part of Publicly
Announced
Plans or
Programs
Approximate
Dollar
Value of Shares
that May Yet Be
Purchased
Under the
Plans or
Programs
(in thousands)
October 1, 2010 – October 31, 2010
Share Repurchase Program (A)............... — $ — — $250,050
Employee Transactions (B) .................. 2,428 $49.70 N/A N/A
November 1, 2010 – November 30, 2010
Share Repurchase Program (A)............... — $ — — $250,050
Employee Transactions (B) .................. 149 $50.86 N/A N/A
December 1, 2010 – December 31, 2010
Share Repurchase Program (A)............... — $ — — $250,050(C)
Employee Transactions (B) .................. 1,086 $52.47 N/A N/A
Total
Share Repurchase Program (A)............... — $ — — $250,050(C)
Employee Transactions (B) .................. 3,663 $50.57 N/A N/A
(A) Since the share repurchase program’s inception in May 2003, our Board of Directors has authorized $3.8
billion of share repurchases of our common stock through December 31, 2010.
(B) Includes: (1) shares delivered or attested to in satisfaction of the exercise price and/or tax withholding
obligations by holders of employee stock options (granted under the Company’s Amended and Restated
Employee Long-Term Incentive Plan and its Amended and Restated Director Long-Term Incentive Plan,
collectively the “Stock Compensation Plans”) who exercised options; (2) restricted common shares withheld
(under the terms of grants under the Stock Compensation Plans) to offset tax withholding obligations that
occur upon vesting and release of the restricted common shares; and (3) shares withheld (under the terms of
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