Zynga 2013 Annual Report Download - page 40

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Table of Contents
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.
Our Class B common stock and Class C common stock are not listed nor traded on any stock exchange, but are convertible into shares of
our Class A common stock.
Holders of Record
As of December 31, 2013, there were approximately 41 stockholders of record of our Class A common stock, and the closing price of our
Class A common stock was $3.80 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, 2013, there were approximately 807 stockholders of record of our Class B common stock, and
Mr. Pincus, Chairman of our Board of Directors, 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 2013 were made pursuant to our publicly-announced stock repurchase plan through open
market purchases under Rule 10b5-1 plans. As of December 31, 2013, we had repurchased an aggregate of 3.4 million shares of our Class A
common stock under this repurchase program at a weighted average price of $2.74 per share for a total of $9.3 million, all of which were
repurchased after December 3, 2012. The remaining amount available for the repurchase of our Class A common stock was $178.9 million as of
December 31, 2013. No repurchases were made in the three months ended December 31, 2013.
36
High
Low
Fourth Quarter 2012
$
2.90
$
2.09
First Quarter 2013
$
4.03
$
2.34
Second Quarter 2013
$
3.63
$
2.50
Third Quarter 2013
$
3.90
$
2.72
Fourth Quarter 2013
$
4.55
$
3.32