ServiceMagic 2009 Annual Report Download - page 26

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Table of Contents
PART II
Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
Market for Registrant's Common Equity and Related Stockholder Matters
IAC common stock is quoted on The Nasdaq Stock Market, or "NASDAQ", under the ticker symbol "IACI". There is no established public
trading market for IAC Class B common stock. The table below sets forth, for the calendar periods indicated, the high and low sales prices per
share for IAC common stock as reported on NASDAQ. High and low sales prices per share of IAC common stock have been adjusted to reflect
the impact of the one-for-two reverse stock split of IAC's common stock and the Spin-Off, both of which were completed following the close of
trading on August 20, 2008.
The adjusted stock prices were determined by multiplying historical prices (pre-adjustment) by 0.43636 and multiplying the product by two
to give effect to the reverse stock split effected immediately following the completion of the Spin-Off. The factor applied to historical prices
(0.43636) is equal to (i) $7.68, which is equal to $17.60 (the closing price of IAC common stock in the regular way market on August 20, 2008)
less $9.92 (the combined value of HSNi, ILG, Ticketmaster and Tree.com), divided by (ii) $17.60. The combined value of the spun-
off entities is
equal to (i) one-fifth of the respective closing prices of each of HSNi, ILG and Ticketmaster ($12.61, $14.12 and $21.64) plus (ii) one-
thirtieth of
the closing price of Tree.com ($7.42), in each case, in the when-issued trading market on August 20, 2008.
As of February 5, 2010, there were approximately 2,100 holders of record of the Company's common stock and the closing price of IAC
common stock was $21.17. Because many of the outstanding shares of IAC common stock are held by brokers and other institutions on behalf of
shareholders, IAC is not able to estimate the total number of beneficial shareholders represented by these record holders.
As of February 5, 2010, there was one holder of record of the Company's Class B common stock. IAC has paid no cash dividends on its
common stock or Class B common stock to date and does not anticipate paying cash dividends on its common stock or Class B common stock in
the immediate future.
During the quarter ended December 31, 2009, the Company did not issue or sell any shares of its common stock or other equity securities
pursuant to unregistered transactions.
22
High
Low
Year Ended December 31, 2009
Fourth Quarter
$
20.97
18.70
Third Quarter
21.28
15.58
Second Quarter
17.15
14.85
First Quarter
16.52
13.23
Year Ended December 31, 2008
Fourth Quarter
$
18.07
13.27
Third Quarter
17.91
14.71
Second Quarter
21.09
16.32
First Quarter
23.28
16.58