Citrix 2000 Annual Report Download - page 13

Download and view the complete annual report

Please find page 13 of the 2000 Citrix annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 84

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84

11
PART II
ITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY AND RELATED STOCKHOLDER MATTERS
PRICE RANGE OF COMMON STOCK AND DIVIDEND POLICY
The Company's Common Stock is currently traded on The Nasdaq National
Market under the symbol "CTXS." The following table sets forth the high and low
closing prices for the Company's Common Stock as reported on The Nasdaq National
Market for the periods indicated, as adjusted to the nearest 1/16 to reflect the
two−for−one stock split in the form of a stock dividend declared on March 1,
1999 and paid on March 25, 1999 to holders of record of the Company's Common
Stock on March 17, 1999, and the two−for−one stock split in the form of a stock
dividend declared on January 19, 2000 and paid on February 16, 2000 to holders
of record of the Company's Common Stock on January 31, 2000. Such information
reflects inter−dealer prices, without retail markup, markdown or commission and
may not represent actual transactions.
HIGH LOW
−−−− −−−
YEAR ENDED DECEMBER 31, 2001:
First quarter (through March 12, 2001).................... $ 36 5/8 $19 11/16
YEAR ENDED DECEMBER 31, 2000:
Fourth quarter............................................ $ 30 7/8 $17 1/8
Third quarter............................................. $ 23 3/4 $14 5/16
Second quarter............................................ $ 83 11/16 $18 7/16
First quarter............................................. $118 9/16 $52 1/2
YEAR ENDED DECEMBER 31, 1999:
Fourth quarter............................................ $ 64 5/8 $29 9/16
Third quarter............................................. $ 34 5/8 $22 3/4
Second quarter............................................ $ 28 11/16 $14 11/16
First quarter............................................. $ 25 5/8 $17
On March 12, 2001, the last reported sale price of the Common Stock on The
Nasdaq National Market was $19 11/16 per share. As of March 12, 2001, there were
approximately 1,128 holders of record of the Common Stock.
The Company currently intends to retain any earnings for use in its
business and does not anticipate paying any cash dividends on its capital stock
in the foreseeable future.
In connection with the Company's stock repurchase program, in October 2000,
the Board of Directors approved a program authorizing the Company to sell put
warrants that entitle the holder of each warrant to sell to the Company,
generally by physical delivery, one share of the Company's Common Stock at a
specified price. As of December 31, 2000, the Company sold 1.3 million put
warrants at an average strike price of $26.17, expiring on various dates between
January and March 2001, and received proceeds of $4.9 million. Put warrants are
typically exercisable three months after the date of sale. As of December 31,
2000, the Company has a total potential repurchase obligation of approximately
$34.0 million associated with the outstanding put warrants. The issuance of
these securities is exempt from registration under Section 4(2) of the
Securities Act of 1933.
11