Hertz 2015 Annual Report Download - page 45

Table of Contents


 


Our common stock trades on the New York Stock Exchange ("NYSE") under the symbol "HTZ". On February 22, 2016, there were 1,938
registered holders of our common stock. The following table sets forth, for the periods indicated, the high and low sales price per share of our
common stock as reported by the NYSE:

 
1st Quarter $ 29.81 $ 24.82
2nd Quarter 30.52 25.32
3rd Quarter 31.61 24.66
4th Quarter 25.72 18.50

1st Quarter $ 25.12 $ 20.12
2nd Quarter 22.63 18.05
3rd Quarter 20.50 14.85
4th Quarter 20.05 13.63

In November 2013, the Company announced a $300 million share repurchase program, under which the Company utilized approximately $87
million to repurchase 4 million shares of our common stock during the year ended December 31, 2013. In March 2014, the Company announced a
$1 billion share repurchase program (the "2014 share repurchase program"), which replaced the existing share repurchase program. During the year
ended December 31, 2015, we repurchased 37 million shares at an aggregate purchase price of $604 million under the 2014 share repurchase
program. As of December 31, 2015, the approximate dollar value of shares that may yet be purchased under the 2014 share repurchase program is
$396 million. The 2014 share repurchase program permits Hertz Holdings to purchase shares through a variety of methods, including in the open
market or through privately negotiated transactions, in accordance with applicable securities laws. It does not obligate Hertz Holdings to make any
repurchases at any specific time or situation. The timing and extent to which Hertz Holdings repurchases its shares will depend upon, among other
things, market conditions, share price, liquidity targets and other factors. Share repurchases may be commenced or suspended at any time or
from time to time without prior notice.
The following table provides information relating to Hertz Holdings' repurchase of common stock during the three months ended December 31,
2015 under the 2014 share repurchase program. This table does not include shares tendered to satisfy the exercise price in connection with
cashless exercises of employee stock options or shares tendered to satisfy tax withholding obligations in connection with employee equity
awards.












October 1, 2015–October 31, 2015
—
$ —
—
$ 738,419,003
November 1, 2015–November 30, 2015
10,684,005
16.38
10,684,005
563,372,099
December 1, 2015–December 31, 2015
11,539,199
14.52
11,539,199
395,852,132
Total
22,223,204
15.41
22,223,204
395,852,132

We paid no cash dividends on our common stock in 2015 or 2014, and we do not expect to pay dividends on our common stock for the
foreseeable future. The agreements governing our indebtedness restrict our ability to pay
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The information contained herein may not be copied, adapted or distributed and is not warranted to be accurate, complete or timely. The user assumes all risks for any damages or losses arising from any use of this information,
except to the extent such damages or losses cannot be limited or excluded by applicable law. Past financial performance is no guarantee of future results.