Sallie Mae 2011 Annual Report Download - page 24
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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 NASDAQ Global Select Market under the symbol SLM since
December 12, 2011. Previously, our common stock was listed and traded on the New York Stock Exchange. As
of January 31, 2012, there were 509,322,190 shares of our common stock outstanding and 504 holders of record.
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
2011 ...... High $15.60 $17.11 $17.11 $14.53
Low 12.61 14.40 11.60 10.91
2010 ...... High $13.32 $13.96 $12.40 $13.14
Low 10.01 9.85 10.05 10.92
We paid quarterly cash dividends on our common stock of $.10 per share for the last three quarters of 2011.
Issuer Purchases of Equity Securities
The following table provides information relating to our purchase of shares of our common stock in the
three months ended December 31, 2011.
Total Number
of Shares
Purchased(1)
Average Price
Paid per
Share
Total Number of
Shares Purchased
as Part of Publicly
Announced Plans
or Programs(2)
Maximum Number
of Shares that
May Yet Be
Purchased Under
the Plans or
Programs(2)
(Common shares in millions)
Period:
October 1 – October 31, 2011 . . . — $ — — —
November 1 –November 30, 2011 .1 13.49 — —
December 1 –December 31, 2011 — — —
Total fourth quarter ........... .1 $13.49 —
(1) The total number of shares purchased includes: (i) shares purchased under the stock repurchase program discussed below and
(ii) shares of our common stock tendered to us to satisfy the exercise price in connection with cashless exercise of stock
options, and tax withholding obligations in connection with exercise of stock options and vesting of restricted stock and
restricted stock units.
(2) In April 2011, our board of directors authorized us to purchase up to $300 million of shares of our common stock in open
market transactions, and terminated all previous authorizations. As of September 30, 2011, we had fully utilized this
authorization and purchased 19.1 million shares of our common stock.
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