Lifetime Fitness 2008 Annual Report Download - page 28

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22
Item 3. Legal Proceedings.
We may be subject to litigation from time to time incidental to the normal course of our business. Due to their
nature, such legal proceedings involve inherent uncertainties, including but not limited to, court rulings, negotiations
between affected parties and governmental intervention. We have established reserves for matters that are probable
and estimable in amounts we believe are adequate to cover reasonable adverse judgments not covered by insurance.
Based upon the information available to us and discussions with legal counsel, it is our opinion that the outcome of
the various legal actions and claims that are incidental to the our business will not have a material adverse impact on
our consolidated financial position, results of operations or cash flows; however, such matters are subject to many
uncertainties, and the outcome of individual matters are not predictable with assurance.
Item 4. Submission of Matters to a Vote of Security Holders.
None.
PART II
Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchaser
of Equity Securities.
Market Information
Our common stock is listed on the New York Stock Exchange (“NYSE”) under the symbol LTM. The following
table sets forth, for the periods indicated, the high and low sales prices as reported by the NYSE.
High Low
Fiscal Year Ended December 31, 2007:
First Quarter (January 1, 2007 – March 31, 2007) .................................... $54.92 $46.47
Second Quarter (April 1, 2007 – June 30, 2007) ....................................... 55.40 49.29
Third Quarter (July 1, 2007 – September 30, 2007) .................................. 63.90 50.26
Fourth Quarter (October 1, 2007 – December 31, 2007) ........................... 65.09 45.89
Fiscal Year Ended December 31, 2008:
First Quarter (January 1, 2008 – March 31, 2008) .................................... $50.28 $25.64
Second Quarter (April 1, 2008 – June 30, 2008) ....................................... 41.04 28.12
Third Quarter (July 1, 2008 – September 30, 2008) .................................. 41.50 27.16
Fourth Quarter (October 1, 2008 – December 31, 2008) ........................... 34.00 8.03
Holders
As of February 16, 2009, the number of record holders of our common stock was approximately 263, consisting of
25 record holders with our transfer agent and approximately 238 employees granted restricted stock by the
Company.