Zynga 2015 Annual Report Download - page 45

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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.
High Low
Fourth Quarter 2014 $2.92 $2.20
First Quarter 2015 $2.89 $2.20
Second Quarter 2015 $3.13 $2.35
Third Quarter 2015 $2.96 $2.20
Fourth Quarter 2015 $2.75 $2.22
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, 2015, there were approximately 249 stockholders of record of our Class A common stock, and the closing price of our Class A common
stock was $2.68 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, 2015,
there were approximately 552 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
In October 2015, 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.
In the fourth quarter of 2015, we repurchased 37.9 million shares of our Class A common stock under the repurchase program at a weighted average price of
$2.60 per share for a total of $98.9 million. The program expired upon completion of our authorized share repurchase program in February 2016.
Stock Performance Graph
This performance graph shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or
otherwise subject to liabilities under that section and shall not be deemed to be incorporated by reference into any filing of Zynga Inc. under the Securities Act of
1933, as amended, except as shall be expressly set forth by specific reference in such filing.
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