Memorex 2007 Annual Report Download - page 46

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patents and the same products as described above and SanDisk is seeking an order from the ITC blocking the defendants’
importation of these products into the United States. On January 9, 2008, Imation filed its response to the complaint.
Because some of our suppliers are already licensed by SanDisk and we are indemnified by our suppliers against
claims for patent infringement, at this time we do not believe these actions will have a material adverse impact on our
financial statements.
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 Purchases of Equity
Securities.
(a) — (b)
As of February 22, 2008, there were 37,769,588 shares of our common stock, $0.01 par value (common stock),
outstanding held by approximately 24,850 shareholders of record. Our common stock is listed on the New York and
Chicago Stock Exchanges under the symbol of IMN. The Board of Directors declared a dividend of $0.14 per share of
common stock in February 2007 and dividends of $0.16 per share of common stock in May, August and November 2007,
as well as a dividend of $0.12 per share of common stock in February 2006 and dividends of $0.14 per share of common
stock in May, August and November 2006. We paid a total of $23.2 million and $18.8 million in dividends to shareholders
in 2007 and 2006, respectively.
The following table sets forth, for the periods indicated, the high and low sales prices of common stock as reported
on the New York Stock Exchange.
High Low High Low
2007 Sales Prices 2006 Sales Prices
First quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $49.20 $38.96 $50.93 $41.97
Second quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . $41.95 $35.69 $48.24 $37.11
Third quarter. . . . . . . . . . . . . . . . . . . . . . . . . . . . . $37.89 $23.71 $44.34 $37.60
Fourth quarter. . . . . . . . . . . . . . . . . . . . . . . . . . . . $27.95 $18.96 $47.99 $39.60
(c) Issuer Purchases of Equity Securities
Period
(a)
Total Number of
Shares
Purchased
(b)
Average
Price Paid
per Share
(c)
Total Number of
Shares Purchased as
Part of Publicly
Announced Plans or
Programs
(d)
Maximum Number
of Shares that May
Yet Be Purchased
Under the Plans or
Programs
October 1, 2007 — October 31, 2007 . . . . . . . . . . 518,900 $24.55 518,900 1,942,099
November 1, 2007 — November 30, 2007 . . . . . . . 420,093 $20.14 419,700 1,522,399
December 1, 2007 — December 31, 2007 . . . . . . . 338,800 $21.98 338,800 1,183,599
Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,277,793 $22.42 1,277,400 1,183,599
(a) The purchases in this column include shares repurchased as part of our publicly announced program and in addition
include 393 shares that were surrendered to Imation by participants in our stock-based compensation plans (the Plans)
to satisfy the tax obligations related to the vesting of restricted stock awards.
(b) The average price paid in this column includes shares repurchased as part of our publicly announced program and
shares that were surrendered to Imation by participants in the Plans to satisfy the tax obligations related to the vesting
of restricted stock awards.
17