Spirit Airlines 2011 Annual Report Download - page 42

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PART II
ITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS, AND ISSUER
PURCHASES OF EQUITY SECURITIES
Market Price of our common stock
Our common stock has been listed and traded on the NASDAQ Global Select Market under the symbol SAVE since May 26, 2011 when
our IPO priced at $12.00 per share. Prior to that time, there was no public market for our common stock. The following table shows, for the
periods indicated, the high and low per share sales prices for our common stock on the NASDAQ Global Select Market.
As of February 10, 2012, there were approximately 77 holders of record of our common stock. Because many of our shares are held by
brokers and other institutions on behalf of stockholders, we are unable to estimate the total number of stockholders represented by these record
holders.
The information under the caption “Equity Compensation Plan Information” in Part III, Item 12 of this Annual Report on Form 10-K is
incorporated herein by reference.
Dividend Policy
We have never declared or paid, and do not anticipate declaring or paying, any cash dividends on our common stock. Any future
determination as to the declaration and payment of dividends, if any, will be at the discretion of our board of directors and will depend on then
existing conditions, including our financial condition, operating results, contractual restrictions, capital requirements, business prospects and
other factors our board of directors may deem relevant.
Our Repurchases of Equity Securities
The following table reflects our repurchases of our common stock during the fourth quarter of 2011. All stock repurchases during this
period were made from employees who received restricted stock grants. All stock repurchases were made at the election of each employee
pursuant to an offer to repurchase by us. In each case, the shares repurchased constituted the portion of vested shares necessary to satisfy
minimum withholding tax requirements.
During the first three quarters of 2011, we repurchased and retired 72,114 shares for a total of $0.8 million. All stock repurchases were
made at the election of each employee pursuant to an offer to repurchase by us. In each case, the shares repurchased constituted the portion of
vested shares necessary to satisfy withholding tax requirements. We did not make any open market stock repurchases during the fourth quarter of
2011.
36
Fiscal year ending December 31, 2011 High
Low
Second Quarter (from May 26, 2011)
$
12.33
$
11.11
Third Quarter
14.43
10.18
Fourth Quarter
17.48
11.45
ISSUER PURCHASES OF EQUITY SECURITIES
Period
Total
Number of
Shares
Purchased
Average
Price Paid
per Share
Total Number of
Shares Purchased
as Part of Publicly
Announced Plans
or Programs
Approximate Dollar
Value of Shares that
May Yet be
Purchased Under
Plans or Programs.
October 1-31, 2011
—
N/A
—
—
November 1-30, 2011
—
N/A
—
—
December 1-31, 2011
8,215
$
15.70
—
—
Total
8,215
$
15.70
—
—