SanDisk 2007 Annual Report Download - page 80

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and a number of other manufacturers of flash memory products conspired to fix, raise, maintain, and stabilize the
price of NAND flash memory in violation of state and federal laws. The lawsuits purport to be on behalf of
purchasers of flash memory between January 1, 1999 through the present. The lawsuits seek an injunction,
damages, restitution, fees, costs, and disgorgement of profits.
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 year 2007.
PART II
ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS
AND ISSUER PURCHASES OF EQUITY SECURITIES
Market For Our Common Stock. Our common stock is traded on the NASDAQ Global Select Market under
the symbol “SNDK.” The following table summarizes the high and low sale prices for our common stock as reported
by the NASDAQ Global Select Market.
High Low
2006
First quarter .................................................. $79.80 $52.15
Second quarter ................................................ $66.20 $49.16
Third quarter.................................................. $60.94 $37.34
Fourth quarter ................................................. $62.24 $42.00
2007
First quarter .................................................. $46.24 $35.82
Second quarter ................................................ $49.61 $41.48
Third quarter.................................................. $59.75 $47.14
Fourth quarter ................................................. $55.98 $33.15
Holders. As of January 31, 2008, we had approximately 500 stockholders of record.
Dividends. 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.
Issuer Purchases of Equity Securities. The table below summarizes information about our purchases of
equity securities registered pursuant to Section 12 of the Exchange Act during the three months ended December 30,
2007.
Period
Total Number of
Shares Purchased(1)
Average Price Paid
per Share(2)
Total Number of
Shares Purchased
as Part of Publicly
Announced Plans or
Programs(1)
Approximate Dollar
Value of Shares that
May Yet Be
Purchased Under
the Plans or
Programs(2)
October 1, 2007 to
October 28, 2007........ — $ — — $202,596,251
October 29, 2007 to
November 25, 2007 ...... 1,734,805 41.76 1,734,805 130,158,615
November 26, 2007 to
December 30, 2007 ...... 3,473,200 37.33 3,473,200 510,673
Total. .................. 5,208,005 38.80 5,208,005
(1) In December 2006, we announced our intention to repurchase up to $300.0 million of our common stock in the
open market over the two years following the date of authorization.
(2) Does not include amounts paid for commissions.
34