O'Reilly Auto Parts 2014 Annual Report Download - page 26

FORM 10-K
19
PART II
Item 5. Market For Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
Common stock:
Shares of O'Reilly Automotive, Inc. (the "Company") common stock are traded on The NASDAQ Global Select Market ("Nasdaq") under
the symbol "ORLY". The Company's common stock began trading on April 22, 1993; no cash dividends have been declared since that
time, and the Company does not anticipate paying any cash dividends in the foreseeable future.
As of February 18, 2015, the Company had approximately 136,000 shareholders of common stock based on the number of holders of
record and an estimate of individual participants represented by security position listings.
The prices in the following table represent the high and low sales price for the Company's common stock as reported by Nasdaq:
2014 2013
High Low High Low
First Quarter $ 154.81 $ 128.76 $ 104.70 $ 87.74
Second Quarter 153.37 141.93 113.09 98.67
Third Quarter 158.55 145.88 128.20 113.91
Fourth Quarter 195.48 148.53 135.19 120.96
For the Year $ 195.48 $ 128.76 $ 135.19 $ 87.74
Sales of unregistered securities:
There were no sales of unregistered securities during the year ended December 31, 2014.
Issuer purchases of equity securities:
The following table identifies all repurchases during the fourth quarter ended December 31, 2014, of any of the Company's securities
registered under Section 12 of the Exchange Act, as amended, by or on behalf of the Company or any affiliated purchaser (in thousands,
except per share amounts):
Period
Total
Number of
Shares
Purchased
Average
Price Paid
per Share
Total Number of
Shares Purchased as
Part of Publicly
Announced Programs
Maximum Dollar Value of
Shares that May Yet Be
Purchased Under the
Programs (1)
October 1, 2014, to October 31, 2014 1,140 $ 151.05 1,140 $ 286,355
November 1, 2014, to November 30, 2014 1 179.37 1 286,247
December 1, 2014, to December 31, 2014 38 181.56 38 $ 279,336
Total as of December 31, 2014 1,179 $ 152.05 1,179
(1) Under the Company's share repurchase program, as approved by our Board of Directors on January 11, 2011, the Company may, from time to time,
repurchase shares of its common stock, solely through open market purchases effected through a broker dealer at prevailing market prices, based
on a variety of factors such as price, corporate trading policy requirements and overall market conditions not to exceed a dollar limit authorized
by the Board of Directors. The Company may increase or otherwise modify, renew, suspend or terminate the share repurchase program at any time,
without prior notice. As announced on February 5, 2014, August 13, 2014, and February 4, 2015, the Company's Board of Directors each time
approved a resolution to increase the authorization amount under the share repurchase program by an additional $500 million, resulting in a
cumulative authorization amount of $5.0 billion. Each additional $500 million authorization is effective for a three-year period beginning on their
respective announcement date. The authorizations under the share repurchase program that currently have capacity are scheduled to expire on
August 13, 2017, and February 4, 2018. No other share repurchase programs existed during the three or twelve months ended December 31, 2014.
The Company repurchased a total of 5.7 million shares of its common stock under its publicly announced share repurchase program
during the year ended December 31, 2014, at an average price per share of $150.86. Subsequent to the end of the year and through
February 27, 2015, the Company repurchased an additional 0.1 million shares of its common stock, at an average price per share of
$197.48, for a total investment of $27.8 million. The Company has repurchased a total of 46.5 million shares of its common stock under
its share repurchase program since the inception of the program in January of 2011 and through February 27, 2015, at an average price
of $91.38, for a total aggregate investment of $4.2 billion.