Sears 2006 Annual Report Download - page 15

Download and view the complete annual report

Please find page 15 of the 2006 Sears annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 112

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112

PART II
Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of
Equity Securities
Holdings common stock is quoted on The NASDAQ Stock Market under the ticker symbol SHLD. There
were approximately 21,800 stockholders of record as of March 1, 2007.
The common stock of Holdings began trading on March 28, 2005, the first trading day after the
consummation of the Merger. Prior to that date, Kmart’s common stock was quoted on The NASDAQ Stock
Market, under the ticker symbol KMRT. The quarterly high and low sales prices for Holdings’ common stock are
set forth below.
2006
Sears Holdings
First
Quarter
Second
Quarter
Third
Quarter
Fourth
Quarter
Common stock price
High ................................................ $147.74 $167.95 $182.38 $181.67
Low ................................................. 115.95 134.56 135.04 164.31
2005
Sears Holdings
First
Quarter(1)
Second
Quarter
Third
Quarter
Fourth
Quarter
Common stock price
High ................................................ $149.50 $163.50 $155.90 $127.66
Low ................................................. 125.90 133.24 113.30 111.64
(1) During the first quarter of 2005, Kmart’s common stock traded from January 27, 2005 until March 23, 2005,
during which its high price was $133.85 and its low price was $89.37.
Neither Holdings nor Kmart paid dividends on common stock in the last two fiscal years. Holdings does not
expect to pay dividends in the foreseeable future.
From April 1, 2006 through March 27, 2007, approximately 5,700 shares of the Company’s common stock
were inadvertently allocated to the plan accounts of a total of 28 participants in two of the Company’s defined
contribution savings plans. These shares may not have been registered under the Securities Act of 1933 for sale
to these plan participants. During this period, the Company’s common share price ranged from a low of $130.65
per share (on April 3, 2006) to a high of $189.97 per share (on February 22, 2007). The Company received no
proceeds from any of these transactions.
Equity Compensation Plan Information
The following table reflects information about securities authorized for issuance under the Company’s
equity compensation plans as of February 3, 2007.
(a) (b) (c)
Plan Category
Number of securities
to be issued upon
exercise of
outstanding options,
warrants and rights
Weighted-average
exercise price of
outstanding
options,
warrants and
rights
Number of securities
remaining available for
future issuance under equity
compensation plans
(excluding securities reflected
in column (a))(1)
Equity compensation plans approved by
security holders(2) ...................... 350,000 $112.90 818,407
Equity compensation plans not approved by
security holders ....................... — — —
Total .................................. 350,000 $112.90 818,407
15