Albertsons 2016 Annual Report Download - page 28

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26
PART II
ITEM 5. MARKET FOR THE REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER
MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
The Company’s common stock is listed on the New York Stock Exchange under the symbol SVU. As of April 22, 2016, there
were 17,081 stockholders of record.
Common Stock Price
Common Stock Price Range
2016 2015
Fiscal High Low High Low
First Quarter $ 12.00 $ 8.22 $ 8.12 $ 6.05
Second Quarter 9.37 7.26 9.78 7.57
Third Quarter 8.27 6.15 9.76 7.83
Fourth Quarter 7.17 3.94 10.49 8.72
Year $ 12.00 $ 3.94 $ 10.49 $ 6.05
The Company did not declare any dividends in fiscal 2015 or fiscal 2016 and the Company has no current intent to pay
dividends. The Company is limited in the aggregate amount of dividends that it may pay under the terms of the Company's
$1,500 term loan facility (the “Secured Term Loan Facility”) and the Company’s $1,000 asset-based revolving ABL credit
facility (the “Revolving ABL Credit Facility”) and would need to meet certain conditions under these credit facilities before
paying a dividend, as described in Note 7—Long-Term Debt in Part II, Item 8 of this Annual Report on Form 10-K. The
payment of future dividends is subject to the discretion of the Company’s Board of Directors and the requirements of Delaware
law, and will depend on a variety of factors that the Company’s Board of Directors may deem relevant.
Company Purchases of Equity Securities
The following table sets forth the Company’s purchases of equity securities for the periods indicated:
(in millions, except shares and per share
amounts)
Period (1)
Total Number
of Shares
Purchased (2)
Average
Price Paid
Per Share
Total Number of
Shares
Purchased as
Part of Publicly
Announced Plans
or Programs
Approximate
Dollar Value of
Shares that May
Yet be Purchased
Under the Plans
or Programs
First four weeks
December 6, 2015 to January 2, 2016 6,499 $ 7.01 — $ —
Second four weeks
January 3, 2016 to January 30, 2016 762 $ 4.32 — $ —
Third four weeks
January 31, 2016 to February 27, 2016 — $ — — $ —
Totals 7,261 $ 6.73 — $ —
(1) The reported periods conform to the Company’s fiscal calendar composed of thirteen 28-day periods.
(2) These amounts represent the deemed surrender by participants in the Company’s compensatory stock plans of 7,261 shares of previously
issued common stock. These amounts are in payment of the purchase price for shares acquired pursuant to the exercise of stock options
and satisfaction of tax obligations arising from such exercises, as well as from the vesting of restricted stock awards granted under such
plans.
Stock Performance Graph
The following graph compares the yearly change in the Company’s cumulative shareholder return on its common stock for the
period from the end of fiscal 2011 to the end of fiscal 2016 to that of the Standard & Poor’s (“S&P”) MidCap 400, a group of
peer companies in the retail grocery and distribution industries, which are the same peer companies as used in fiscal 2015 other
than Spartan Stores Inc. is now SpartanNash Corporation. The stock price performance shown below is not necessarily
indicative of future performance.