Rosetta Stone 2013 Annual Report Download - page 30
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Table of Contents
Our common stock is listed on the New York Stock Exchange, or NYSE, under the symbol "RST." The following table sets forth, for each of the
periods indicated, the high and low reported sales price of our common stock on the NYSE.
Fourth Quarter
$16.53
$11.34
Third Quarter
17.30
14.70
Second Quarter
18.30
14.46
First Quarter
15.44
11.55
Fourth Quarter
$13.27
$ 10.52
Third Quarter
14.28
9.26
Second Quarter
14.69
9.50
First Quarter
10.50
6.95
On February 21, 2014, the last reported sales price of our common stock on the NYSE was $12.35 per share. As of that date, there were approximately
213 holders of record of our common stock.
The following is a summary of common shares repurchased by the Company under its stock repurchase program during the three months ended
December 31, 2013:
November 26, 2013 (2)
500,000
$11.45
500,000
$19,275,000
December 6, 2013 (2)
500,000
$11.42
500,000
$13,565,000
Total
1,000,000
$11.44
1,000,000
$13,565,000
(1) On August 22, 2013, our Board of Directors approved a share repurchase program under which we are authorized to repurchase up to $25 million of our
outstanding common stock from time to time from August 22, 2013 to August 22, 2015.
(2) Purchase was a privately negotiated transaction.
We have not paid any cash dividends on our common stock and do not intend to do so in the foreseeable future. We currently intend to retain all
available funds and any future earnings to support the operation of and to finance the growth and development of our business.
For information regarding securities authorized for issuance under equity compensation plans, see Part III "Item 12—Security Ownership of Certain
Beneficial Owners and Management and Related Stockholder Matters."
The following graph compares the change in the cumulative total stockholder return on our common stock during the period from April 16, 2009 (the
first day our stock began trading on the NYSE) through December 31, 2013, with the