Green Dot 2012 Annual Report Download - page 37

Download and view the complete annual report

Please find page 37 of the 2012 Green Dot 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 110

  • 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
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110

27
PART II
ITEM 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity
Securities
Market Information
Our Class A common stock has been listed on the NYSE under the symbol “GDOT” since July 22, 2010. Prior to
that date, there was no public trading market for our Class A common stock. Our initial public offering was priced at
$36.00 per share on July 21, 2010. The following table sets forth for the periods indicated the high and low sales prices
per share of our Class A common stock as reported on the NYSE. Our Class B common stock is not publicly traded.
Low High
Year ended December 31, 2012
Fourth Quarter $ 9.54 $13.60
Third Quarter $ 9.05 $24.97
Second Quarter $ 19.93 $27.20
First Quarter $ 26.20 $32.49
Year ended December 31, 2011
Fourth Quarter $ 27.29 $35.25
Third Quarter $ 24.94 $36.59
Second Quarter $ 31.22 $49.93
First Quarter $ 39.00 $65.00
Holders of Record
As of January 31, 2013, we had 103 holders of record of our Class A common stock and 39 holders of record of
our Class B common stock. The actual number of stockholders is greater than this number of record holders, and
includes stockholders who are beneficial owners, but whose shares are held in street name by brokers and other
nominees. This number of holders of record also does not include stockholders whose shares may be held in trust by
other entities.
Dividends
We have never declared or paid any cash dividends on our capital stock, and we do not currently intend to pay
any cash dividends on our Class A common stock for the foreseeable future. As a bank holding company, the Federal
Reserve Board’s risk-based and leverage capital requirements, as well as other federal laws applicable to banks and
bank holding companies, could limit our ability to pay dividends. We expect to retain future earnings, if any, to fund the
development and future growth of our business. Any future determination to pay dividends on our Class A common
stock, if permissible, will be at the discretion of our board of directors and will depend upon, among other factors, our
financial condition, operating results, current and anticipated cash needs, plans for expansion and other factors that
our board of directors may deem relevant.
Unregistered Sales of Equity Securities
None.
Purchases of Equity Securities by the Issuer and Affiliated Purchasers
None.
Stock Performance Graph
This performance graph shall not be deemed “filed” for purposes of section 18 of the Exchange Act, or otherwise
subject to the liabilities under that section and shall not be deemed to be incorporated by reference into any filing of
Green Dot Corporation under the Securities Act or the Exchange Act.
The graph and table below compare the cumulative total stockholder return of Green Dot Corporation Class A
common stock, the Russell 2000 Index and the S&P 500 Financials Index for the period beginning on the close of
trading on the NYSE on July 22, 2010 (the date our Class A common stock began trading on the NYSE), and ending
on the close of trading on the NYSE on December 31, 2012. The graph assumes a $100 investment in our Class A
common stock and each of the indices, and the reinvestment of dividends. Our Class B common stock is not publicly
traded or listed on any exchange or dealer quotation system.