Redbox 2012 Annual Report Download - page 27

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ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER
MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
Market Information and Stock Prices
Our common stock is traded on the NASDAQ Global Select Market under the symbol “CSTR.” The following
table sets forth the high and low bid prices per share as reported by the NASDAQ Global Select Market for our
common stock for each quarter during the last two fiscal years. The quotations represent inter-dealer prices
without retail markup, markdown or commission and may not necessarily represent actual transactions.
2012 High Low
Quarter 1 .................................................. $64.85 $40.68
Quarter 2 .................................................. 69.74 56.27
Quarter 3 .................................................. 71.82 43.73
Quarter 4 .................................................. 54.16 40.50
2011 High Low
Quarter 1 .................................................. $59.29 $37.80
Quarter 2 .................................................. 57.35 44.85
Quarter 3 .................................................. 60.71 37.43
Quarter 4 .................................................. 57.07 38.76
The approximate number of holders of record of our common stock at February 1, 2013 was 94.
Dividends
We have never declared or paid any cash dividends on our common stock. In addition, we have restrictions
relating to the payment of dividends under our current credit facility. Currently we intend to retain all future
earnings for the foreseeable future to fund development and growth of our business, retire debt obligations or
repurchase our common stock.
Repurchases of Common Stock
The Board of Directors approved in July 2011 a repurchase program of up to (i) $250 million of our common
stock plus (ii) the amount of cash proceeds received after July 15, 2011 from the exercise of stock options by our
officers, directors, and employees. Repurchases may be made through open market purchases, negotiated
transactions or other means, including accelerated share repurchases and 10b5-1 trading plans in accordance with
applicable securities laws and other restrictions. The share repurchase program will continue until the amount of
Coinstar common stock authorized is repurchased, the Board of Directors determines to discontinue or otherwise
modify the share repurchase program. The repurchase program is in addition to our other Board authorized
repurchase program for up to $12.5 million of our common stock.
The authorizations allowed us to repurchase up to $133.6 million of our common stock as of December 31, 2012.
Repurchased shares become a part of treasury stock. On January 31, 2013, our Board of Directors approved an
additional repurchase program of up to $250.0 million of our common stock plus the cash proceeds received
from the exercise of stock options by our officers, directors, and employees.
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