Under Armour 2015 Annual Report Download - page 34

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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, 2016, there were 1,214 record holders of our Class A Common Stock and 4
record holders of Class B Convertible Common Stock which are beneficially owned by our Chief Executive
Officer and Chairman of the Board 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 2015 and 2014.
High Low
2015
First Quarter (January 1 – March 31) $ 82.67 $63.77
Second Quarter (April 1 – June 30) $ 88.15 $76.15
Third Quarter (July 1 – September 30) $105.89 $80.12
Fourth Quarter (October 1 – December 31) $104.74 $77.78
2014
First Quarter (January 1 – March 31) $ 62.40 $40.98
Second Quarter (April 1 – June 30) $ 60.17 $45.05
Third Quarter (July 1 – September 30) $ 73.42 $56.79
Fourth Quarter (October 1 – December 31) $ 72.98 $60.00
Stock Split
On March 17, 2014, the Board of Directors declared a two-for-one stock split of the Company’s Class A and
Class B common stock, which was effected in the form of a 100% common stock dividend distributed on
April 14, 2014. Stockholders’ equity and all references to share and per share amounts herein and in the
accompanying consolidated financial statements have been retroactively adjusted to reflect this two-for-one stock
split for all periods presented.
Unregistered Sales of Equity Securities
From October 1, 2015 through December 31, 2015, we entered into contractual arrangements to issue
104,932 deferred stock units automatically exchangeable for shares of Class A Common Stock on a one-for-one
basis to one or more of our marketing partners in connection with their entering into endorsement and other
marketing services agreements with us. These offers of our securities were made in reliance upon Section 4(2)
under the Securities Act and did not involve any public offering. We did not receive any cash consideration in
connection with these arrangements.
Dividends
No cash dividends were declared or paid during 2015 or 2014 on any class of our common stock. We
currently anticipate 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, we may be limited in our ability to pay
dividends to our stockholders under our credit facility. Refer to “Financial Position, Capital Resources and
Liquidity” within Management’s Discussion and Analysis and Note 6 to the Consolidated Financial Statements
for further discussion of our credit facility.
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