Zynga 2012 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
Our Class A common stock has been listed on the NASDAQ Global Select Market under the symbol
“ZNGA” since December 16, 2011. Prior to that time, there was no public market for our stock. The following
table sets forth for the indicated periods the high and low sales prices per share for our Class A common stock on
the NASDAQ Global Select Market.
High Low
Fourth Quarter 2011 (from December 16, 2011) $11.50 $8.75
First Quarter 2012 $15.91 $7.97
Second Quarter 2012 $13.15 $4.78
Third Quarter 2012 $ 5.61 $2.66
Fourth Quarter 2012 $ 2.90 $2.09
Our Class B common stock and Class C common stock are not listed nor traded on any stock exchange.
Holders of Record
As of December 31, 2012, there were approximately 38 stockholders of record of our Class A common
stock, and the closing price of our Class A common stock was $2.36 per share as reported on the NASDAQ
Global Select Market. Because many of our shares of Class A common stock 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. As of December 31, 2012, there were approximately 1,241 stockholders of record of our
Class B common stock, and Mr. Pincus, our Chief Executive Officer, remains the only holder of Class C
common stock.
Dividend Policy
We have never declared or paid any cash dividend on our common stock. We intend to retain any future
earnings and do not expect to pay dividends in the foreseeable future.
Issuer Purchases of Equity Securities
On October 24, 2012, we announced that our Board of Directors authorized a stock repurchase program
allowing us to repurchase up to $200 million of our outstanding shares of Class A common stock. Repurchases
under this program may take place in the open market or in privately negotiated transactions and may be made
under a Rule 10b5-1 plan. There is no guarantee as to the exact number of shares that will be repurchased by us,
and we may discontinue repurchases at any time.
All of our stock repurchases during fiscal year 2012 were made pursuant to our publicly-announced stock
repurchase plan through open market purchases under Rule 10b5-1 plans. As of December 31, 2012, we had
repurchased an aggregate of 5.0 million shares of our Class A common stock under this repurchase program at a
weighted average price of $2.36 per share for a total of $11.8 million, all of which were repurchased after
December 3, 2012. The remaining amount available for the repurchase of our Class A common stock was $188.2
million as of December 31, 2012.
34