Sears 2007 Annual Report Download - page 16

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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 22,200 stockholders of record as of March 1, 2008.
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.
Fiscal Year 2007
Sears Holdings
First
Quarter
Second
Quarter
Third
Quarter
Fourth
Quarter
Common stock price
High ................................................. $195.18 $183.25 $152.91 $132.35
Low ................................................. 170.29 131.56 123.39 84.72
Fiscal Year 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
Holdings has not paid dividends on common stock in the last three fiscal years. Holdings does not expect to
pay dividends in the foreseeable future.
Equity Compensation Plan Information
The following table reflects information about securities authorized for issuance under our equity
compensation plans as of February 2, 2008.
(a) (b) (c)
Plan Category
Number of securities
to be issued upon
exercise of
outstanding options,
warrants and rights(1)
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))(2)
Equity compensation plans approved by
security holders ....................... 350,000 $112.90 394,735
Equity compensation plans not approved by
security holders ....................... — — —
Total .................................. 350,000 $112.90 394,735
(1) Represents (1) a grant to the Company’s former CEO, Aylwin B. Lewis, of options to purchase 150,000
shares of Holdings’ common stock and (2) a grant to Alan J. Lacy, former Vice Chairman of the Company,
of options to purchase 200,000 shares of Holdings’ common stock. On October 18, 2004, Kmart granted
Mr. Lewis options to purchase 150,000 shares of Kmart common stock, subject to approval by Kmart’s
stockholders. Kmart’s stockholders approved the option grant on March 24, 2005, and these options were
16