Autodesk 2010 Annual Report Download - page 120

PART II
ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER
MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
Our common stock is traded on the NASDAQ Global Select Market under the symbol ADSK. The
following table lists the high and low sales prices for each quarter in the last two fiscal years.
High Low
Fiscal 2010
First Quarter ..................................................... $19.94 $11.78
Second Quarter ................................................... $22.66 $17.01
Third Quarter ..................................................... $27.08 $21.76
Fourth Quarter .................................................... $27.69 $23.44
Fiscal 2009
First Quarter ..................................................... $41.96 $29.90
Second Quarter ................................................... $41.49 $31.89
Third Quarter ..................................................... $38.37 $20.68
Fourth Quarter .................................................... $22.88 $14.37
Dividends
We did not declare any cash or stock dividends in either fiscal 2010 or fiscal 2009. We anticipate that, for
the foreseeable future, we will retain any earnings for use in the operation of our business.
Stockholders
As of January 31, 2010, the number of common stockholders of record was 627. 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 largely to help offset the dilution to net income per
share caused by the issuance of stock under our employee stock plans and has the effect of returning excess cash
generated from our business to stockholders over time. The number of shares acquired and the timing of the
purchases are based on several factors, including anticipated employee stock purchases during the period, the
level of our cash balances, general business and market conditions, the market price of our stock, cash on hand
and available in the U.S., company defined trading windows and other investment opportunities. In December
2007, the Board of Directors approved a plan which authorized the repurchase of 20.0 million shares. This plan
does not have a fixed expiration date. During the three and twelve months ended January 31, 2010, we
repurchased 1.0 million and 2.7 million shares of our common stock, respectively. At January 31, 2010,
13.5 million shares remained available for repurchase under the existing repurchase authorization. See Note 9,
“Stockholders’ Equity,” in the Notes to Consolidated Financial Statements for further discussion.
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