Citrix 2006 Annual Report Download - page 118

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Price Range of Common Stock and Dividend Policy
Our common stock is currently traded on The Nasdaq
Global Select Market under the symbol “CTXS.” The
following table sets forth the high and low closing prices
for our common stock as reported on The Nasdaq Global
Select Market for the periods indicated, as adjusted to the
nearest cent. Such information reflects inter-dealer prices,
without retail markup, markdown or commission and may
not represent actual transactions.
High Low
Year Ended December 31, 2007:
Third quarter (through August 30, 2007) $ 37.65 $ 31.79
Second quarter $ 34.61 $ 30.48
First quarter $ 33.06 $ 26.83
Year Ended December 31, 2006:
Fourth quarter $ 35.39 $ 26.82
Third quarter $ 40.29 $ 28.00
Second quarter $ 45.16 $ 34.61
First quarter $ 37.90 $ 29.24
Year Ended December 31, 2005:
Fourth quarter $ 29.24 $ 23.80
Third quarter $ 25.41 $ 21.40
Second quarter $ 25.37 $ 21.34
First quarter $ 24.10 $ 21.07
On August 30, 2007, the last reported sale price of
our common stock on The Nasdaq Global Select
Market was $36.06 per share. As of August 30, 2007,
there were approximately 1,245 holders of record of
our common stock.
We currently intend to retain any earnings for use in our
business, for investment in acquisitions and to repurchase
shares of our common stock. We have not paid any cash
dividends on our capital stock in the last two years and do
not currently anticipate paying any cash dividends on our
capital stock in the foreseeable future.
Issuer Purchases of Equity Securities
Our Board of Directors has authorized an ongoing stock
repurchase program with a total repurchase authority
granted to us of $1.5 billion, of which $200.0 million
was authorized in February 2006 and $300.0 million
was authorized in October 2006. Our stock repurchase
program was suspended during the pendency of our Audit
Committee’s stock option investigation. The objective of
the stock repurchase program is to improve stockholders’
returns. At December 31, 2006, approximately $293.4
million was available to repurchase common stock
pursuant to the stock repurchase program. All shares
repurchased are recorded as treasury stock.
The following table shows the monthly activity related
to our stock repurchase program for the quarter ended
December 31, 2006.
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
(in thousands)
October 1, 2006 through October 31, 2006 1,383,072 $ 30.21(2) 1,383,072 $ 307,242
November 1, 2006 through November 30, 2006 2,167,096 $ 29.25(2) 2,167,096 $ 293,444
December 1, 2006 through December 31, 2006 — $ —
—
(3) $ 293,444
Total 3,550,168 $ 29.63(2) 3,550,168 $ 293,444
(1) Represents shares received under our prepaid stock repurchase programs and shares acquired in open market purchases. We
expended a net amount of $91.9 million during the quarter ended December 31, 2006 for repurchases of our common stock. For more
information see Note 8 to our consolidated financial statements included elsewhere in this Annual Report.
(2) These amounts represent the cumulative average of the price paid per share for shares acquired in open market purchases and those
received under our prepaid stock repurchase programs, some of which extend over more than one fiscal period.
(3) We suspended our stock repurchase program for the duration of our Audit Committee’s voluntary, independent review of our
historical stock option granting practices and related accounting. For more information on our independent review of historical stock
option granting practices and related accounting see “Management’s Discussion and Analysis of Financial Condition and Results of
Operations” and Note 2 to our consolidated financial statements included elsewhere in this Annual Report.