ServiceMagic 2010 Annual Report Download - page 28

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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.
As of February 22, 2011, there were approximately 2,000 holders of record of the Company's common stock and the closing price of IAC
common stock on NASDAQ was $31.16. 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 22, 2011, 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, 2010, the Company did not issue or sell any shares of its common stock or other equity securities
pursuant to unregistered transactions.
Issuer Purchases of Equity Securities
The Company did not purchase any shares of its common stock pursuant to previously announced repurchase authorizations during the
quarter ended December 31, 2010. As of January 28, 2011, approximately 7.2 million shares of common stock remained available for repurchase
under the Company's previously announced February 2010 repurchase authorization. The Company may purchase shares pursuant to this
repurchase authorization over an indefinite period of time, depending on those factors Company management deems relevant at any particular
time, including, without limitation, market conditions, share price and future outlook.
As discussed in "Item 1—Business—Equity Ownership and Vote" and "Item 8—Consolidated Financial Statements and Supplementary
Data—Note 11,"on December 1, 2010, by way of the IAC-Liberty Exchange, IAC acquired 8,510,500 shares of Class B common stock and
4,169,499 shares of common stock.
24
High Low
Year Ended December 31, 2010
Fourth Quarter
30.96
25.08
Third Quarter
27.09
21.47
Second Quarter
24.11
20.25
First Quarter
24.47
20.01
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