Washington Post 2010 Annual Report Download - page 56

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At January 31, 2011, there were 27 holders of record of the Company’s Class A Common Stock and 695 holders of
record of the Company’s Class B Common Stock.
Dividend Information
Both classes of the Company’s Common Stock participate equally as to dividends. Quarterly dividends were paid at the
rate of $2.25 and $2.15 per share during 2010 and 2009, respectively.
Securities Authorized for Issuance Under Equity Compensation Plans
The following table and the footnote thereto set forth certain information as of January 2, 2011, concerning compensation
plans of the Company under which equity securities of the Company are authorized to be issued.
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))
Plan Category (a) (b) (c)
Equity compensation plans approved by security holders .... 87,919 $495.05 274,606
Equity compensation plans not approved by security holders . . . — — —
Total ...................................... 87,919 $495.05 274,606
This table does not include information relating to restricted stock grants awarded under The Washington Post Company Incentive Compensation Plan,
which plan has been approved by the stockholders of the Company. At January 2, 2011, there were 8,855 shares of restricted stock outstanding
under the 2007–2010 Award Cycle and 23,240 shares of restricted stock outstanding under the 2009–2012 Award Cycle that had been awarded
to employees of the Company and its subsidiaries under that Plan. In addition, the Company has from time to time awarded special discretionary grants
of restricted stock to employees of the Company and its subsidiaries. At January 2, 2011, there were a total of 16,264 shares of restricted stock
outstanding under special discretionary grants approved by the Compensation Committee of the Board of Directors. At January 2, 2011, a total of
283,516 shares of restricted stock were available for future awards.
Purchases of Equity Securities by the Issuer and Affiliated Purchasers
During the quarter ended January 2, 2011, the Company purchased shares of its Class B Common Stock as set forth in
the following table:
Period
Total Number
of Shares
Purchased
Average
Price Paid
per Share
Total Number of Shares
Purchased as Part of
Publicly Announced Plan*
Maximum Number of Shares That
May Yet Be Purchased
Under the Plan*
Oct. 4–Nov. 7, 2010 ...................... 65,804 $405.22 65,804 684,196
Nov. 8–Dec. 5, 2010 ..................... 111,001 385.79 109,900 573,195
Dec. 6–Jan. 2, 2011 ...................... 141,200 412.60 141,200 431,995
Total ............................... 318,005 $401.72 316,904
* On September 23, 2010, the Company’s Board of Directors authorized the Company to purchase, on the open market or otherwise, up to
750,000 shares of its Class B Common Stock. There is no expiration date for that authorization. In the fourth quarter of 2010, 1,101 shares
were purchased from recipients of vested awards of restricted shares at market price. Under the Company’s Incentive Compensation Plan, the
Compensation Committee may permit the recipient of a vested award of restricted shares of the Company’s Class B Common Stock to receive some
or all of the value of the award in cash rather than in shares. There were 1,101 share conversions of vested restricted shares into cash during the
period covered by this table.
Performance Graph
The following graph is a comparison of the yearly percentage change in the Company’s cumulative total shareholder
return with the cumulative total return of the Standard & Poor’s 500 Stock Index, the Standard & Poor’s 1500 Publishing
Index and a custom peer group index comprised of education companies. The Standard & Poor’s 500 Stock Index is
comprised of 500 U.S. companies in the industrial, transportation, utilities and financial industries and is weighted by
market capitalization. The Standard & Poor’s 1500 Publishing Index is comprised of Gannett Co., Inc., The McGraw-Hill
Companies, The Meredith Corporation, The New York Times Company, The E.W. Scripps Company, Scholastic
Corporation, John Wiley & Sons, Inc. and The Washington Post Company and also is weighted by market capitalization.
The custom peer group of education companies includes American Public Education, Apollo Group Inc., Capella
Education Co., Career Education Corp., Corinthian Colleges, Inc., DeVry Inc., Education Management Corp., ITT
Educational Services Inc. and Strayer Education Inc. The Company is using a custom peer index of education companies
because the Company is a diversified education and media company. Its largest and fastest growing business is Kaplan,
40 THE WASHINGTON POST COMPANY