Under Armour 2008 Annual Report Download - page 32

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PART II
ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER
MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
Under Armour’s Class A Common Stock is traded on the New York Stock Exchange (“NYSE”) under the
symbol “UA”. As of January 31, 2009, there were 897 record holders of our Class A Common Stock and 3
record holders of Class B Convertible Common Stock which are beneficially owned by our Chief Executive
Officer Kevin A. Plank. The following table sets forth by quarter the high and low sale prices of our Class A
Common Stock on the NYSE during 2008 and 2007.
High Low
2008
First Quarter (January 1 – March 31) $47.16 $25.39
Second Quarter (April 1 – June 30) $38.90 $25.25
Third Quarter (July 1 – September 30) $43.52 $23.50
Fourth Quarter (October 1 – December 31) $31.94 $16.05
2007
First Quarter (January 1 – March 31) $52.30 $43.34
Second Quarter (April 1 – June 30) $53.23 $41.37
Third Quarter (July 1 – September 30) $73.40 $45.66
Fourth Quarter (October 1 – December 31) $63.90 $41.51
Dividends
No cash dividends were declared or paid during 2008 or 2007 on any class of our common stock. We
currently anticipate that we will retain any future earnings for use in our business. As a result, we do not
anticipate paying any cash dividends in the foreseeable future. In addition, under our new credit facility entered
in January 2009, we must comply with a fixed charge coverage ratio that could limit our ability to pay dividends
to our stockholders. See “Financial Position, Capital Resources and Liquidity” within Management’s Discussion
and Analysis and Note 18 to the Consolidated Financial Statements for further discussion of our new credit
facility.
Stock Compensation Plans
The following table contains certain information regarding our equity compensation plans.
Plan Category
Number of
securities to be
issued upon exercise
of
outstanding options,
warrants and rights
(a)
Weighted-average
exercise price of
outstanding options,
warrants and rights
(b)
Number of securities
remaining
available for future
issuance under equity
compensation plans
(excluding securities
reflected in column (a))
(c)
Equity Compensation plans approved by security
holders 2,514,753 $15.92 1,818,227
Equity Compensation plans not approved by
security holders 480,000 $36.99 —
The number of securities to be issued upon exercise of outstanding options, warrants and rights issued under
equity compensation plans approved by security holders includes 59,219 restricted stock units and deferred stock
units issued to employees and directors of Under Armour; these restricted stock units and deferred stock units are
24