Express 2015 Annual Report Download - page 19
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Table of Contents
Our common stock trades on the NYSE under the symbol "EXPR". As of March 18, 2016, there were approximately 18 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 for 2015 and 2014.
Fourth quarter $ 19.91
$ 15.61
$ 15.33
$ 11.90
Third quarter $ 20.72
$ 16.23
$ 17.50
$ 13.52
Second quarter $ 19.17
$ 16.22
$ 17.50
$ 11.80
First quarter $ 17.75
$ 12.66
$ 18.99
$ 11.80
We did not pay any dividends in 2015 or 2014. Our ability to pay dividends is restricted by the terms of our Revolving Credit Facility. 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
our Revolving Credit Facility or future financing arrangements, and other factors as deemed relevant. For more information about the restrictions in our
Revolving Credit Facility, see Note 8 to our Consolidated Financial Statements included in "Item 8. Financial Statements and Supplementary Data".
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 30, 2016:
November 1, 2015 - November 28, 2015
980
$ 18.41
978
$0
November 29, 2015 - January 2, 2016
151
$ 17.20
151
$97,405
January 3, 2016 - January 30, 2016
1,577
$ 16.44
1,577
$71,490
2,708
2,706
(1) Includes shares of restricted stock purchased in connection with employee tax withholding obligations under the Express, Inc. 2010 Incentive
Compensation Plan (as amended, the "2010 Plan").
(2) On May 28, 2014, the Board authorized us to repurchase up to $100 million of our common stock during the 18-month period following the authorization
using available cash, including cash on hand or cash available for borrowing under our Revolving Credit Facility (the "2014 Repurchase Program). On
November 28, 2015, the 2014 Repurchase Program expired. On December 9, 2015, the Board authorized us to repurchase up to $100 million of our
common stock (the "2015 Repurchase Program"). Share repurchases under the 2015 Repurchase Program will be funded using our available cash,
including cash on hand or cash available under our Revolving Credit Facility, and are expected to be executed during the 12-month period following the
authorization. Under the program, we may repurchase shares in the open market, including
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