Shutterfly 2015 Annual Report Download - page 47

PART II
ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS
AND ISSUER PURCHASES OF EQUITY SECURITIES.
Shutterfly’s common stock is traded on the NASDAQ Global Select Market under the symbol “SFLY.” As
of February 11, 2016, there were approximately 77 stockholders of record, excluding stockholders whose shares
were held in nominee or street name by brokers. We have never paid cash dividends on our capital stock and we
do not anticipate paying any cash dividends in the foreseeable future.
The following table sets forth the high and low closing sales price per share for Shutterfly’s common stock
for the periods indicated:
Year Ended December 31, 2014 High Low
First Quarter ............................................................ $ 54.56 $ 41.39
Second Quarter .......................................................... $ 43.87 $ 36.78
Third Quarter ............................................................ $ 51.01 $ 43.51
Fourth Quarter ........................................................... $ 49.26 $ 39.44
Year Ended December 31, 2015 High Low
First Quarter ............................................................ $ 48.67 $ 39.97
Second Quarter .......................................................... $ 48.70 $ 44.15
Third Quarter ............................................................ $ 48.76 $ 35.59
Fourth Quarter ........................................................... $ 46.67 $ 35.71
Issuer Purchases of Equity Securities
The following table provides information about our repurchase of shares of our common stock during the
fourth quarter of the fiscal year ended December 31, 2015:
Period(1)
Total Number
of Shares
Purchased
Average Price
Paid per Share
Total Number
of Shares
Purchased
Under Publicly
Announced
Plans or
Programs(2)
Approximate
Dollar Value of
Shares that
May Yet Be
Purchased
Under the
Plans Or
Programs
(in thousands)(2)
October 1, 2015 to October 31, 2015 ....... 409,368 $ 38.20 409,368 $ 124,642
November 1, 2015 to November 30, 2015 . . . 288,175 43.99 288,175 111,966
December 1, 2015 to December 31, 2015 . . . 370,439 45.06 370,439 95,275
Total ................................ 1,067,982 $ 42.14 1,067,982 $ 95,275
(1) All shares were purchased pursuant to the publicly announced share repurchase program described in
footnote 2 below. Shares are reported in a period based on the settlement date of the applicable repurchase.
(2) On November 1, 2012, we announced a share repurchase program authorized by our Board of Directors and
approved by our Audit Committee to repurchase up to $60 million of our common stock. On February 6,
2014, our Board of Directors approved an increase to the share repurchase program to allow for repurchases
of up to an additional $100 million of shares in addition to any amounts repurchased as of the approval date.
On February 9, 2015, our Board of Directors approved an increase to the share repurchase program to allow
for repurchases of up to an additional $300 million of shares in addition to any amounts repurchased as of
the approval date.
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