SanDisk 2004 Annual Report Download - page 19
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Table of Contents
On October 15, 2004, we filed a complaint under Section 337 of the Tariff Act of 1930 (as amended) titled, “In the matter of
certain NAND flash memory circuits and products containing same” in the United States International Trade Commission, naming
STMicroelectronics N.V. and STMicroelectronics, Inc. as respondents. In the complaint, we allege that STMicro’s NAND flash
memory infringe U.S. Patent No. 5,172,338 (the ‘338 patent), and seek an order excluding their products from importation into the
United States. In the complaint, we allege that STMicro’s NAND flash memory infringes the ‘338 patent and seeks an order excluding
their products from importation into the United States. On November 15, 2004, the ITC instituted an investigation pursuant to
19 U.S.C. Section 1337 against STMicro in response to our complaint.
ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
No matters were submitted to a vote of security holders during the fourth quarter of fiscal 2004.
PART II
ITEM 5. MARKET FOR THE REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER
PURCHASES OF EQUITY SECURITIES
Market For Our Common Stock and Related Stockholder Matters
Our common stock is traded on the NASDAQ National Market under the symbol “SNDK”. The information set forth below gives
retroactive effect to a 2−for−1 stock split, in the form of a 100% stock dividend, effected on February 18, 2004. The following table
summarizes the high and low bid quotations for our common stock as reported by the NASDAQ Stock Market.
High Low
2003
First quarter $ 12.20 $ 7.39
Second quarter $ 20.73 $ 8.21
Third quarter $ 34.08 $ 19.00
Fourth quarter $ 43.15 $ 26.60
2004
First quarter $ 36.35 $ 23.49
Second quarter $ 33.25 $ 19.79
Third quarter $ 28.70 $ 19.28
Fourth quarter $ 31.96 $ 19.66
As of March 1, 2005, we had approximately 372 stockholders of record. We have never declared or paid any cash dividends on
our common stock and do not expect to pay cash dividends on our common stock in the foreseeable future.
Unregistered Sales of Equity Securities
On December 2, 2004, we issued approximately 212,000 shares of our common stock in connection with the acquisition of a
private company. These shares were issued to the former stockholders of the private company in a transaction not involving a public
offering which was exempt from the registration requirements of the Securities Act of 1933 under Section 4(2) of that act.
Equity Compensation Plans
Information regarding our equity compensation plans is set forth in Note 3 to our consolidated financial statements in Item 8. On
January 3, 2005, options to purchase an additional 4,361,178 shares of our common stock, at an exercise price of $24.18, were broadly
issued to our employees and are not reflected in Note 3 to our consolidated financial statements.
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