Express 2011 Annual Report Download - page 34

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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 began trading on the NYSE on May 13, 2010 under the symbol “EXPR”. Prior to that date,
there was no public market for our common stock. As of March 19, 2012, there were approximately 60 holders of
record of our common stock. The number of holders of record is based upon the actual number of holders
registered at such date and does not include holders of shares in “street names” or persons, partnerships,
associates, corporations, or other entities identified in security position listings maintained by depositories.
The table below sets forth the high and low sales prices per share of our common stock reported on the NYSE
since the IPO for the periods indicated.
Market Price
High Low
2011
Fourth quarter ...................................... $23.52 $18.45
Third quarter ....................................... $23.67 $16.12
Second quarter ...................................... $24.02 $18.93
First quarter ........................................ $21.97 $16.83
Market Price
High Low
2010
Fourth quarter ...................................... $19.00 $13.65
Third quarter ....................................... $18.00 $12.90
Second quarter (beginning May 13, 2010) ................ $19.10 $12.89
Dividends
We did not pay any dividends during 2011. During 2010, a $0.56 per share special, non-recurring dividend totaling
$49.5 million was paid on December 23, 2010 to stockholders of record as of the close of business on December 16,
2010. Our ability to pay dividends is restricted by the terms of the agreements governing our outstanding
indebtedness. For more information about these restrictions, see “Management’s Discussion and Analysis of
Financial Condition and Results of Operations—Existing Credit Facilities”. Any future determination to pay
dividends will be made at the discretion of our Board of Directors and will depend on our results of operations,
restrictions contained in current or future financing arrangements, and other factors as deemed relevant.
The following table provides information regarding the purchase of shares of our common stock made by or on
behalf of us or any “affiliated purchaser” as defined in Rule 10b-18(a)(3) under the Exchange Act of 1934,
during each month of the quarterly period ended January 28, 2012:
Month
Total Number of
Shares Purchased
Average Price
Paid per Share
Total Number of
Shares Purchased
as Part of
Publicly
Announced Plans
or Programs (1)
Maximum
Number of
Shares that
May Yet be
Purchased
under the Plans
or Programs (1)
October 30, 2011 – November 26, 2011 .... — $— — —
November 27, 2011 – December 31, 2011 . . — — — —
January 1, 2012 – January 28, 2012 ....... — — — —
Total ............................... — $— — —
(1) As of January 28, 2012, we do not have any authorization to repurchase stock nor any plans to do so.
26