Salesforce.com 2005 Annual Report Download - page 34
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Table of Contents
PART II
ITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF
EQUITY SECURITIES
Market Information for Common Stock
Our common stock has been quoted on the New York Stock Exchange under the symbol "CRM" since our initial public offering on June 23, 2004.
Prior to that time, there was no public market for our common stock.
The following table sets forth for the indicated periods the high and low sales prices of our common stock as reported by the New York Stock
Exchange.
High
Low
Fiscal year ending January 31, 2006
First quarter $ 16.99 $ 12.96
Second quarter $ 24.08 $ 14.09
Third quarter $ 25.73 $ 18.63
Fourth quarter $ 42.99 $ 24.70
Fiscal year ending January 31, 2005
Second quarter (beginning June 23, 2004) $ 17.69 $ 11.00
Third quarter $ 20.60 $ 9.00
Fourth quarter $ 22.70 $ 13.35
Dividend Policy
We have never paid any cash dividends on our common stock. Our board of directors currently intends to retain any future earnings to support
operations and to finance the growth and development of our business and does not intend to pay cash dividends on our common stock for the foreseeable
future. Any future determination related to our dividend policy will be made at the discretion of our board.
Stockholders
As of January 31, 2006 there were 297 registered stockholders of record of our common stock, including the Depository Trust Company, which holds
shares of salesforce.com common stock on behalf of an indeterminate number of beneficial owners.
Securities Authorized for Issuance under Equity Compensation Plans
The information concerning our equity compensation plans is incorporated by reference herein to the section of the Proxy Statement entitled "Equity
Compensation Plan Information."
Recent Sales of Unregistered Securities
Warrant Exercises
Since November 1, 2005 we issued 493,715 shares of common stock upon the exercise of warrants held by Attractor Funds at an exercise price of $3.89
per share. The warrants were exercised on a "net-exercise" basis and we therefore received no cash proceeds from the exercise. The issuance of the common
stock was exempt from registration under the Securities Act of 1933, as amended (the "Act") pursuant to Section 3(a)(9) of the Act.
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