Sallie Mae 2010 Annual Report Download - page 21

PART II.
Item 5. Market for Registrant’s Common Equity, 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 SLM. The
number of holders of record of our common stock as of January 31, 2011 was 494. Because many shares of
our common stock are held by brokers and other institutions on behalf of shareholders, we are unable to
estimate the total number of beneficial owners represented by these record holders. The following table sets
forth the high and low sales prices for our common stock for each full quarterly period within the two most
recent fiscal years.
Common Stock Prices
1st Quarter 2nd Quarter 3rd Quarter 4th Quarter
2010 ......................... High $13.32 $13.96 $12.40 $13.14
Low 10.01 9.85 10.05 10.92
2009 ......................... High $12.43 $10.47 $10.39 $12.11
Low 3.11 4.02 8.12 8.01
There were no dividends paid in 2008, 2009 or 2010.
Issuer Purchases of Equity Securities
The following table summarizes our common share repurchases during 2010. The only repurchases
conducted by us during the period were in connection with the exercise of stock options and vesting of
restricted stock to satisfy minimum statutory tax withholding obligations and shares tendered by employees to
satisfy option exercise costs (which combined totaled approximately 1.1 million shares for 2010) and not in
connection with any authorized buyback program. See “Note 11 — Stockholders’ Equity.”
Total Number
of Shares
Purchased
Average Price
Paid per
Share
Total Number of
Shares Purchased
as Part of Publicly
Announced Plans
or Programs
Maximum Number
of Shares that
May Yet Be
Purchased Under
the Plans or
Programs
(Common shares in millions)
Period:
October 1 – October 31, 2010 ....... — $ — — 38.8
November 1 – November 30, 2010 .... .1 12.17 — 38.8
December 1 – December 31, 2010 .... .2 12.58 — 38.8
Total fourth quarter ............... .3 $12.46 — 38.8
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