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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 23, 2015, there were approximately 1,600 holders of record of the Company's common stock and the closing price of IAC
common stock on NASDAQ was $67.22. Because the substantial majority 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 23, 2015, there was one holder of record of the Company's Class B common stock.
In 2013, IAC's Board of Directors declared four quarterly cash dividends, all of which were $0.24 per share of common and Class B common
stock outstanding. In 2014, IAC's Board of Directors declared four quarterly cash dividends, two of which were $0.24 per share of common and
Class B common stock outstanding and two of which were $0.34 per share of common and Class B common stock outstanding.
On February 3, 2015, IAC's Board of Directors declared a quarterly cash dividend of $0.34 per share of common and Class B common stock
outstanding, which is payable on March 1, 2015 to stockholders of record as of the close of business on February 15, 2015. While we currently
expect that comparable cash dividends will continue to be paid in the near future, any future cash or other dividend declarations are subject to the
determination of IAC's Board of Directors.
During the quarter ended December 31, 2014, the Company did not issue or sell any shares of its common stock or other equity securities
pursuant to unregistered transactions.
Issuer Repurchases of Equity Securities
The Company did not purchase any shares of its common stock during the quarter ended December 31, 2014. As of that date, approximately
8.6 million shares of common stock remained available for repurchase under the Company's previously announced April 2013 repurchase
authorization. IAC may purchase shares pursuant to this repurchase authorization over an indefinite period in the open market and in privately
negotiated transactions, depending on those factors IAC management deems relevant at any particular time, including, without limitation, market
conditions, share price and future outlook.
22
High
Low
Year Ended December 31, 2014
Fourth Quarter
$
68.40
$
56.50
Third Quarter
73.93
63.00
Second Quarter
73.27
61.00
First Quarter
80.64
64.45
Year Ended December 31, 2013
Fourth Quarter
$
70.44
$
50.14
Third Quarter
54.71
46.48
Second Quarter
52.27
43.30
First Quarter
48.73
38.20