Autodesk 2005 Annual Report Download - page 27

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PART II
ITEM 5. MARKET FOR THE REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS
AND ISSUER PURCHASES OF EQUITY SECURITIES
Our common stock is traded on the Nasdaq National Market under the symbol ADSK. The following table
lists the high and low sales prices for each quarter in the last two fiscal years. These share prices were adjusted
for the two-for-one stock split that was effective for holders of record on December 6, 2004.
High Low
Fiscal 2005
First Quarter ................................................ $17.48 $12.49
Second Quarter ............................................. $21.37 $ 15.55
Third Quarter ............................................... $26.36 $ 18.11
Fourth Quarter .............................................. $38.55 $26.83
High Low
Fiscal 2004
First Quarter ................................................ $ 8.15 $6.52
Second Quarter ............................................. $8.37 $6.95
Third Quarter ............................................... $9.68 $7.29
Fourth Quarter .............................................. $13.21 $9.63
Dividends
Adjusted for the stock split in December 2004, we paid quarterly dividends of $0.015 per share in fiscal 2005
and 2004 to Autodesk stockholders. Effective after the dividend for the fourth quarter of fiscal 2005 (to be paid
in April 2005), we have discontinued our quarterly cash dividend.
Stockholders
As of January 31, 2005 the number of common stockholders of record was 732. Because many of our shares
of common stock are held by brokers or other institutions on behalf of stockholders, we are unable to estimate
the total number of stockholders represented by the record holders.
Issuer Purchases of Equity Securities
The purpose of Autodesk’s stock repurchase program is to help offset the dilution to earnings per share
caused by the issuance of stock under our employee stock plans and to effectively utilize excess cash generated
from the business. The number of shares acquired and the timing of the purchases are based on several factors,
including the level of our cash balances, general business and market conditions, and other investment
opportunities. At January 31, 2005, approximately 32.2 million shares remained available for repurchase under
the existing repurchase authorization. See Note 6, “Stockholders’ Equity,” in the Notes to Consolidated Financial
Statements for further discussion.
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