Alaska Airlines and Horizon Air 2009 Annual Report Download - page 120

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PART II
ITEM 5. MARKET FOR THE REGISTRANT’S COMMON EQUITY,
RELATED STOCKHOLDER MATTERS, AND ISSUER PURCHASES OF
EQUITY SECURITIES
As of December 31, 2009, there were
35,591,008 shares of common stock of Alaska
Air Group, Inc. issued and outstanding and
3,406 shareholders of record. We also held
252,084 treasury shares at a cost of $5.7
million. We have not paid dividends on the
common stock since 1992 and have no plans to
do so in the foreseeable future. Our common
stock is listed on the New York Stock Exchange
(symbol: ALK).
The following table shows the trading range of
Alaska Air Group, Inc. common stock on the New
York Stock Exchange.
2009 2008
High Low High Low
First Quarter ....... $30.95 $13.61 $28.56 $17.44
Second Quarter .... 22.08 14.53 23.00 15.34
Third Quarter ...... 27.99 17.93 24.68 10.10
Fourth Quarter ..... 36.48 24.91 29.74 12.89
SALES OF NON-REGISTERED
SECURITIES
None
PURCHASES OF EQUITY SECURITIES
BY THE ISSUER AND AFFILIATED
PURCHASERS
Total
Number of
Shares
Purchased
Average
Price
Paid
per
Share
Maximum
remaining
dollar value
of shares
that can be
purchased
under the
plan
June 11, 2009 –
June 30,
2009 (1) ......... 700,000 $16.89
July 1, 2009 – July 31,
2009 (1) ......... 624,578 $19.12
Total ...........1,324,578 $17.94 $26,234,104
(1) Purchased pursuant to a $50 million repurchase plan
authorized by the Board of Directors in June 2009. The
plan expires after twelve months. There were no
purchases under this plan subsequent to July 2009
through the end of 2009. However, we have resumed
purchases subsequent to December 31, 2009.
In October 2009, Air Group delisted 7,900,000
common shares that had been held in treasury
stock on the consolidated balance sheet in prior
periods. The action did not impact the total
number of common shares outstanding.
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