eTrade 2002 Annual Report Download - page 36
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Table of Contents
Index to Financial Statements
PART II
Item 5. Market for Registrant’s Common Equity and Related Shareholder Matters
PRICE RANGE OF COMMON STOCK
From the date of our initial public offering through January 2001, our common stock was listed on the Nasdaq. In February 2001, we listed our
shares on the NYSE. The following table shows the high and low sale prices of our common stock as reported by the Nasdaq or the NYSE, as
applicable for the periods indicated:
High Low
Fiscal 2002:
First Quarter $ 12.64 $
7.61
Second Quarter $ 9.54 $
4.60
Third Quarter $ 5.47 $
2.81
Fourth Quarter $ 5.98 $
3.61
Fiscal 2001:
First Quarter $ 15.38 $
6.35
Second Quarter $ 10.20 $
5.32
Third Quarter $ 6.82 $
4.07
Fourth Quarter $ 11.10 $
5.59
The closing sale price of the Company’ s common stock as reported on the NYSE on March 20, 2003 was $4.31 per share. As of that date there
were 2,591 holders of record of the Company’ s common stock.
DIVIDENDS
The Company has never declared or paid cash dividends on its capital stock. The Company currently intends to retain all of its earnings, if any,
for use in its business and does not anticipate paying any cash dividends in the foreseeable future. The payment of any future dividends will be
at the discretion of the Company’ s board of directors and will depend upon a number of factors, including future earnings, the success of the
Company’ s business activities, regulatory capital requirements, the general financial condition and future prospects of the Company, general
business conditions and such other factors as the board of directors may deem relevant.
RECENT ISSUANCES OF UNREGISTERED SECURITIES
The following table summarizes transactions during the year in which various holders of our 6% convertible notes exchanged such securities for
shares of our common stock pursuant to the exemption from registration provided in Section 3(a)(9) of the Securities Act of 1933 (in
thousands):
Month Aggregate Principal Amount Exchanged Common Shares Issued
February 2002 $ 28,710 2,797
March 2002 21,210 1,923
2003. EDGAR Online, Inc.