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Table of Contents
other customers in connection with demands for indemnification, irrespective of whether we believe that we have an obligation to indemnify them or
whether we believe our solution infringes the asserted intellectual property rights. Alternatively, we may reject certain of our wireless carriers’ or
other customers’ indemnity demands, including the outstanding demands, which may lead to disputes with our wireless carrier or other customers,
negatively impact our relationships with them or result in litigation against us. Our wireless carrier or other customers may also claim that any
rejection of their indemnity demands constitutes a material breach of our agreements with them, allowing them to terminate such agreements. If we
make substantial payments as a result of indemnity demands, our relationships with our wireless carrier or other customers are negatively impacted,
or any of our wireless carrier or customer agreements is terminated, our business, operating results and financial condition could be materially
harmed.
Not applicable.
PART II.
Our common stock began trading on the NASDAQ Global Market under the symbol “TNAV” on May 13, 2010. The following table sets forth
the range of high and low closing sales prices of our common stock for the periods indicated:
We had approximately 92 stockholders of record as of July 31, 2013. A substantially greater number of holders of our common stock are
“street name” or beneficial holders, whose shares are held by banks, brokers and other financial institutions. We have never declared or paid
dividends on our common stock and do not expect to pay dividends on our common stock for the foreseeable future. Instead, we anticipate that all of
our earnings in the foreseeable future will be used for the operation and growth of our business.
Unregistered Sales of Equity Securities and Use of Proceeds.
Issuer Purchases of Equity Securities
35
ITEM 4. MINE SAFETY DISCLOSURES
ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER
PURCHASES OF EQUITY SECURITIES
Year ended June 30, 2013
High
Low
First Quarter
$
6.23
$
5.58
Second Quarter
$
8.20
$
6.01
Third Quarter
$
8.30
$
6.27
Fourth Quarter
$
6.45
$
5.00
Year ended June 30, 2012
High
Low
First Quarter
$
21.86
$
8.22
Second Quarter
$
9.63
$
7.71
Third Quarter
$
8.17
$
6.62
Fourth Quarter
$
7.19
$
5.57
Total Number of
Shares Purchased
Average Price
Paid per Share
Total Number of
Shares Purchased as
Part of Publicly
Announced Plans or
Programs
Maximum Number (or
Approximate Dollar
Value) of Shares that
May Yet be Purchased
Under the Plans or
Programs (1)
April 1 – April 30, 2013
9,422
$
5.16
9,422
$
9,951,348
May 1 – May 31, 2013
209,503
$
5.18
209,503
$
8,866,987
June 1 – June 30, 2013
187,001
$
5.18
187,001
$
7,898,886
Total
405,926
$
5.18
405,926
$
7,898,886