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Table of Contents
Holders of Common Stock
On February 20, 2014, there were 23 stockholders of record.
The number of record holders is based upon the actual number of holders registered on our books at such date and does not include holders of
shares in “street names”
or persons, partnerships, associations, corporations or other entities identified in security position listings maintained by
depository trust companies.
Dividend Policy
We have never declared or paid cash dividends on our capital stock. We do not anticipate paying cash dividends in the foreseeable future.
Repurchase of Equity Securities by the Company
34
December 31, 2008
December 31, 2009
December 31, 2010
December 31, 2011
December 31, 2012
December 31, 2013
NETGEAR, Inc.
$
100.00
$
190.10
295.18
$
294.22
345.57
$
288.69
NASDAQ Computer Index
$
100.00
$
170.82
200.62
$
201.60
226.76
$
299.19
NASDAQ Composite Index
$
100.00
$
143.89
168.22
$
165.19
191.47
$
264.84
Period
Total Number of
Shares Purchased (2)
Average Price Paid per Share
Total Number of Shares
Purchased as Part of Publicly
Announced Plans or Programs
(1)
Maximum Number of Shares that
May Yet Be Purchased Under the
Plans or Programs
September 30, 2013 - October 27, 2013
—
$
—
—
4,831,220
October 28, 2013 - November 24, 2013
1,534,319
$
31.31
1,534,319
3,296,901
November 25, 2013 - December 31, 2013
470,613
$
32.00
470,613
2,826,288
Total
2,004,932
$
31.47
2,004,932
(1)
On October 21, 2008, the Board of Directors authorized the repurchase of up to 6.0 million shares of our outstanding common stock. Under this authorization, the timing and actual
number of shares subject to repurchase are at the discretion of management and are contingent on a number of factors, such as levels of cash generation from operations, cash
requirements for acquisitions and the price of our common stock. During the year ended December 31, 2013
, the Company repurchased 2.0 million shares, or approximately $63.1
million of common stock under this authorization. During the years ended December 31, 2012 and 2011 , the Company did not repurchase any shares under this authorization.
(2)
We did not repurchase any shares to help administratively facilitate the withholding and subsequent remittance of personal income and payroll taxes for individuals receiving RSUs
during the three months ended December 31, 2013
. During the three months ended December 31, 2012, we repurchased 917 shares, or approximately $34,000 of common stock,
respectively, to help facilitate tax withholding for RSUs.