Sallie Mae 2013 Annual Report Download - page 58
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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 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, 2014,
there were 428,698,212 shares of our common stock outstanding and 421 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
2013 ...... High $20.50 $26.17 $25.49 $26.81
Low 16.57 19.32 22.69 23.93
2012 ...... High $16.89 $15.96 $16.94 $17.99
Low 13.11 12.85 15.07 15.75
We paid quarterly cash dividends on our common stock of $0.125 per share for the four quarters of 2012
and $0.150 per share for the four quarters of 2013. Following completion of the Spin-Off, SLM BankCo does not
anticipate continuing to pay dividends on its common stock.
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, 2013.
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)
Approximate Dollar
Value
of Shares that
May Yet Be
Purchased Under
Publicly Announced
Plans or
Programs(2)
(In millions, except per share data)
Period:
October 1 – October 31, 2013 ....... .1 $25.47 — $400
November 1 – November 30, 2013 . . . 4.0 26.06 3.4 311
December 1 – December 31, 2013 . . . 4.3 26.13 4.3 200
Total fourth quarter ............... 8.4 $26.09 7.7
(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 July 2013, our Board of Directors authorized us to purchase up to $400 million of shares of our common stock.
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