Shutterfly 2014 Annual Report Download - page 48

Download and view the complete annual report

Please find page 48 of the 2014 Shutterfly 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 130

  • 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
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130

PART II
ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS
AND ISSUER PURCHASES OF EQUITY SECURITIES.
Shutterfly’s common stock is traded on the NASDAQ Global Select Market under the symbol ‘‘SFLY.’’
As of February 11, 2015, there were approximately 81 stockholders of record, excluding stockholders
whose shares were held in nominee or street name by brokers. We have never paid cash dividends on our
capital stock and we do not anticipate paying any cash dividends in the foreseeable future.
The following table sets forth the high and low closing sales price per share for Shutterfly’s common
stock for the periods indicated:
High Low
Year Ended December 31, 2013
First Quarter .............................................. $ 45.09 $ 30.84
Second Quarter ............................................ $ 56.11 $ 42.36
Third Quarter ............................................. $ 59.83 $ 50.35
Fourth Quarter ............................................. $ 57.05 $ 45.12
High Low
Year Ended December 31, 2014
First Quarter .............................................. $ 54.56 $ 41.39
Second Quarter ............................................ $ 43.87 $ 36.78
Third Quarter ............................................. $ 51.01 $ 43.51
Fourth Quarter ............................................. $ 49.26 $ 39.44
Issuer Purchases of Equity Securities
The following table provides information about our repurchase of shares of our common stock during
the fourth quarter of the fiscal year ended December 31, 2014:
Approximate
Dollar Value of
Total Numbers Shares that
of Shares May Yet Be
Purchased Purchased
Under Publicly Under the
Total Number Announced Plans Or
of Shares Average Price Plans or Programs
Period(1) Purchased Paid per Share Programs(2) (in thousands)
October 1, 2014 to October 31, 2014 ..... — $ — — $ 49,480
November 1, 2014 to November 30, 2014 . . 537,413 41.93 537,413 26,944
December 1, 2014 to December 31, 2014 . . 382,034 41.25 382,034 11,185
Total ............................ 919,447 $ 41.65 919,447 $ 11,185
(1) All shares were purchased pursuant to the publicly announced share repurchase program described in
footnote 2 below. Shares are reported in a period based on the settlement date of the applicable
repurchase.
(2) On November 1, 2012, we announced a share repurchase program authorized by our Board of
Directors and approved by our Audit Committee to repurchase up to $60 million of our common
stock. On February 6, 2014, our Board of Directors approved an increase to this program of up to
$100 million in addition to amounts repurchased to date.
47