Travelzoo 2014 Annual Report Download - page 65

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30
PART II
Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
Market Information
Since August 18, 2004, our common stock has been trading on the NASDAQ Global Select Market under the symbol
“TZOO.” From December 30, 2003 to August 17, 2004, our common stock was traded on the NASDAQ SmallCap Market
under the symbol “TZOO.” The following table sets forth, for the periods indicated, the high and low sales prices per share of
our common stock as reported by NASDAQ.
High
Low
2014:
Fourth Quarter $15.86 $12.17
Third Quarter $19.60 $15.50
Second Quarter $23.48 $17.09
First Quarter $24.75 $20.91
2013:
Fourth Quarter $27.16 $20.28
Third Quarter $32.68 $26.52
Second Quarter $29.40 $21.15
First Quarter $23.88 $18.77
On February 13, 2015, the last reported sales price of our common stock on the NASDAQ Global Select Market was
$8.58 per share.
As of February 13, 2015, there were approximately 182 stockholders of record of our shares.
Dividend Policy
Travelzoo has not declared or paid any cash dividends since inception and does not expect to pay cash dividends for the
foreseeable future. The payment of dividends will be at the discretion of our board of directors and will depend upon factors
such as future earnings, capital requirements, our financial condition and general business conditions.
Sales of Unregistered Securities
There were no unregistered sales of equity securities during fiscal year 2014.
Repurchases of Equity Securities
We did not purchase any of our equity securities during the three months ended December 31, 2014.
Period Total Numb Average Pr Total Numbe Maximum Shar