Juno 2014 Annual Report Download - page 30

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Table of Contents



Our common stock has been quoted on The Nasdaq Global Select Market ("NASDAQ") under the symbol "UNTD" since September 26, 2001. Prior to
that, NetZero common stock had been quoted on NASDAQ under the symbol "NZRO" since September 23, 1999. The following table sets forth, for the
quarters indicated, the high and low sales prices per share of our common stock as reported on the NASDAQ.
The stock prices in the table below, on or prior to November 1, 2013, the date of the FTD Spin-Off Transaction, have not been adjusted for the impact of
the FTD Spin-Off Transaction and reverse stock split. The stock prices beginning on November 1, 2013 reflect the impact of the FTD Spin-Off Transaction
and one-for-seven reverse stock split.
At February 23, 2015, there were 171 holders of record of our common stock.

United Online, Inc.'s Board of Directors declared quarterly cash dividends of $0.70 per share of common stock, as adjusted to reflect the one-for-seven
reverse stock split, in January, April and July 2013. The dividends were paid on February 28, May 31 and August 30, 2013 and totaled $9.4 million,
$9.7 million and $9.7 million, respectively, including dividend equivalents paid on nonvested restricted stock units. In November 2013, United Online, Inc.'s
Board of Directors declared a quarterly cash dividend of $0.15 per share of common stock. The dividends were paid on November 29, 2013 and totaled
$2.2 million, including dividend equivalents paid on nonvested restricted stock units.
In January 2014, we announced that United Online, Inc.'s Board of Directors determined to discontinue cash dividend payments in order to provide
financial flexibility to support anticipated long-term growth initiatives.

In May 2001, United Online, Inc.'s Board of Directors authorized a common stock repurchase program (the "Program") that allows United Online, Inc. to
repurchase shares of its common stock through open market or privately negotiated transactions based on prevailing market conditions and other factors.
From time to time since then, the Board of Directors has increased the amount authorized for repurchase under this Program and has extended the Program.
From August 2001 through December 31, 2010, United Online, Inc. had repurchased $150.2 million of its common stock under the Program, leaving
$49.8 million of authorization remaining under the Program. In February 2011, the Board of Directors extended the Program through December 31, 2011 and
authorized an increase in the $49.8 million authorization remaining to $80.0 million. In December 2011, the Board of Directors extended the Program
through December 31, 2012. In January 2013, the Board of Directors approved and ratified the extension of the Program through December 31, 2013, and in
September 2013, the Board of Directors further extended the Program through December 31, 2014. In October 2014, the Board of Directors further extended
the Program through December 31, 2015. There were no
29
 
   
First Quarter $ 6.69 $ 5.10 $ 15.88 $ 9.20
Second Quarter $ 7.81 $ 5.88 $ 12.44 $ 9.59
Third Quarter $ 8.90 $ 7.48 $ 13.17 $ 9.38
Fourth Quarter $ 19.48 $ 7.64 $ 15.00 $ 10.27