Autodesk 2013 Annual Report Download - page 100

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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 2013
First Quarter $ 42.69 $ 35.55
Second Quarter 41.28 28.52
Third Quarter 36.21 27.70
Fourth Quarter 40.00 30.22
Fiscal 2012
First Quarter $ 45.55 $ 38.47
Second Quarter 45.99 34.34
Third Quarter 35.83 23.41
Fourth Quarter 36.60 29.80
Dividends
We did not declare any cash or stock dividends in either fiscal 2013 or fiscal 2012. We anticipate that, for the foreseeable
future, we will not pay any cash or stock dividends.
Stockholders
As of January 31, 2013, the number of common stockholders of record was 510. 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 our stock repurchase program is to offset dilution from the issuance of stock under our employee stock
plans, reduce shares over time as facts and circumstances warrant and for such other purposes as may be in our interests and the
interests of our stockholders, which has the effect of returning excess cash generated from our business to stockholders. The
number of shares acquired and the timing of the purchases are based on several factors, including general market conditions,
the volume of employee stock option exercises, stock issuances, the trading price of our common stock, cash on hand and
available in the U.S., and company defined trading windows. In December 2010, the Board of Directors approved a plan which
authorized the repurchase of an additional 20.0 million shares; at January 31, 2013, 17.8 million shares have been repurchased
under the plan. In June 2012, the Board of Directors approved an additional plan, which authorized the repurchase of an
additional 30.0 million shares; as of January 31, 2013, no shares have been repurchased under this plan. Neither of these plans
have a fixed expiration date. During the three and twelve months ended January 31, 2013, we repurchased 2.6 million and 12.5
million shares of our common stock, respectively. At January 31, 2013, 32.2 million shares remained available for repurchase
under the existing repurchase authorizations. See Note 9, “Stockholders' Equity,” in the Notes to Consolidated Financial
Statements for further discussion.
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