TiVo 2013 Annual Report Download - page 37

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Table of Contents
Our common stock has traded on the Nasdaq Global Market under the symbol “TIVO” since September 30, 1999. Prior to that time,
there was no public trading market for our common stock.
The following table sets forth, for the periods indicated, the high and low sales prices of our common stock as reported by the Nasdaq Global
Market, on any trading day during the respective period:
  
Fourth Quarter ended January 31, 2014 $13.92 $12.08
Third Quarter ended October 31, 2013 $ 14.25 $ 10.47
Second Quarter ended July 31, 2013 $ 14.10 $ 10.67
First Quarter ended April 30, 2013 $13.49 $10.71
  
Fourth Quarter ended January 31, 2013 $13.49 $ 9.71
Third Quarter ended October 31, 2012 $ 10.61 $ 8.37
Second Quarter ended July 31, 2012 $11.07 $7.75
First Quarter ended April 30, 2012 $12.37 $ 10.45

As of February 28, 2014, we had 1,055 stockholders of record and the closing price of our common stock was $13.50 per share.

We paid no cash dividends during the fiscal year ended January 31, 2014 and we have no current plans to pay a cash dividend in the
future although we will continue to evaluate our dividend policy going forward.

As previously reported on Current Reports on Form 8-K filed on March 16, 2011 and March 30, 2011, on March 10, 2011, TiVo issued
convertible notes with the aggregate principal amount of $150.0 million and received approximately $144.5 million in proceeds. On March
30, 2011, TiVo issued an additional $22.5 million aggregate principal notes and received approximately $21.8 million in proceeds pursuant to
the exercise of the initial purchaser's overallotment option. The notes pay interest semi-annually at a rate of 4.00% per year and mature on
March 15, 2016. These convertible notes have no financial covenants.
The notes are convertible at any time, at the option of the holders, into shares of TiVo's common stock at an initial conversion rate of
89.6359 shares per $1,000 principal amount of notes. At the initial conversion rate, the initial conversion price will be approximately $11.16
per share. In addition, following certain corporate transactions that occur prior to the maturity date, TiVo will, in certain circumstances,
increase the conversion rate for a holder that elects to convert its notes in connection with such a corporate transaction.
TiVo offered and sold the notes to the initial purchaser, UBS Investment Bank, in reliance on the exemption from registration provided by
Section 4(2) of the Securities Act. The initial purchaser then sold the notes to qualified institutional buyers pursuant to the exemption from
registration provided by Rule 144A under the Securities Act.

We have reacquired shares of stock from employees, upon the vesting of restricted stock that was granted under our Amended &
Restated 1999 Employee Incentive Plan and our Amended & Restated 2008 Equity Incentive Award Plan. These shares were surrendered
by the employees, and reacquired by us to satisfy the employees’ minimum statutory tax withholding which is required on restricted stock
once they become vested and are shown in the following table:
35