Chipotle 2012 Annual Report Download - page 28

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PART II
ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER
MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
The following table describes the per share range of high and low sales prices for shares of our common
stock for the quarterly periods indicated, as reported by the New York Stock Exchange (“NYSE”). Our common
stock trades on the NYSE under the symbol “CMG.”
High Low
2011
First Quarter ............................................. $ 275.00 $ 213.06
Second Quarter ........................................... $ 308.93 $ 249.58
Third Quarter ............................................. $ 346.78 $ 271.53
Fourth Quarter ............................................ $ 347.94 $ 285.39
High Low
2012
First Quarter ............................................. $ 426.57 $ 336.29
Second Quarter ........................................... $ 442.40 $ 370.19
Third Quarter ............................................. $ 404.59 $ 277.26
Fourth Quarter ............................................ $ 322.92 $ 233.82
As of January 24, 2013, there were approximately 1,321 holders of our common stock, as determined by
counting our record holders and the number of participants reflected in a security position listing provided to us
by the Depository Trust Company. Because such “DTC participants” are brokers and other institutions holding
shares of our common stock on behalf of their customers, the actual number of unique shareholders represented
by these record holders is not known.
Purchases of Equity Securities by the Issuer
The table below reflects shares of common stock we repurchased during the fourth quarter of 2012.
Total Number of
Shares Purchased(1)
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(1)(3)
October ................... 169,500 $ 266.23 169,500 $ 89,571,872
Purchased 10/1 through
10/31 ...............
November ................. 216,940(2) $ 266.43(2) 216,940(2) $ 124,272,673
Purchased 11/1 through
11/30 ...............
December .................. 86,529 $ 278.44 86,529 $ 100,179,379
Purchased 12/1 through
12/31 ...............
Total ...................... 472,969 $ 268.56 472,969 $ 100,179,379
(1) Shares were repurchased pursuant to repurchase programs announced on February 1, 2012, October 18,
2012, and November 20, 2012. Repurchases under each program were and are limited to $100 million in
total repurchase price, and there is no expiration date. The $100 million repurchase program announced in
February 2012 was completed in October 2012. The $100 million repurchase program announced in
November 2012 includes $25 million conducted through a privately negotiated accelerated share repurchase
transaction (“ASR”), with the remaining $75 million being added to an existing open–market repurchase
agreement. Except for the ASR, authorization of any ongoing repurchase program may be modified,
suspended, or discontinued at any time.
26
Annual Report