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JETBLUE AIRWAYS CORPORATION-2013Annual Report22
PART II
ITEM5. Market for Registrant’s Common Equity;
Related Stockholder Matters and Issuer
Purchases of Equity Securities
Our common stock is traded on the NASDAQ Global Select Market under the symbol JBLU. The table below shows the high and low sales prices for
our common stock.
High Low
2013 Quarter Ended
March 31 $ 7.01 $ 5.70
June 30 7.28 5.95
September 30 6.93 6.04
December 31 9.20 6.57
2012 Quarter Ended
March 31 $ 6.32 $ 4.73
June 30 5.44 4.06
September 30 5.94 4.76
December 31 5.99 4.77
As of January 31, 2014, there were approximately 754 holders of record of our common stock.
We have not paid cash dividends on our common stock and have no current intention of doing so. Any future determination to pay cash dividends will
be at the discretion of our Board of Directors, subject to applicable limitations under Delaware law. This decision will be dependent upon our results of
operations, financial condition and other factors deemed relevant by our Board of Directors.
Purchases of Equity Securities by the Issuer and Affiliated Purchases
In September 2012, the Board authorized a five year share repurchase program of up to 25 million shares. As of December 31, 2013, 20.4 million shares
remain available for repurchase under the program. During 2013 the following shares were repurchased under the program:
Period
Total Number of
Shares Purchased
Average price
paid per share
Total number of shares purchased as
part of publicly announced program
Maximum number of shares that may
yet to be purchased under the program
January 2013 257,725 $ 5.90 257,725
February 2013 261,200 $ 5.89 261,200
June 2013 11,000 $ 6.00 11,000
TOTAL 529,925 $ 5.90 529,925 20,392,430
The program may be commenced or suspended from time to time without prior notice. Shares repurchased under our share repurchase program are
purchased in open market transactions and are held as treasury stock.
Convertible Debt Redemption
In October 2013 we notified the holders of our 5.5% Convertible Debentures due 2038 (Series A) that we planned to redeem their holding on
December3,2013. These holders could elect to convert their holding into shares of our common stock up until the business day prior to the redemption
date at a rate of 220.6288 shares per $1,000 debenture. All holders converted the debt into shares of our common stock before December 3, 2013
for a total of approximately 12.2 million shares.