Washington Post 2012 Annual Report Download - page 56

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Dividend Information
Both classes of the Company’s Common Stock participate equally as to dividends. Quarterly dividends were paid at the
rate of $2.45 and $2.35 per share during 2012 and 2011, respectively. In December 2012, the Company declared
and paid an accelerated cash dividend totaling $9.80 per share of outstanding common stock, in lieu of regular
quarterly dividends that the Company otherwise would have declared and paid in calendar year 2013.
Securities Authorized for Issuance Under Equity Compensation Plans
The following table and the footnote thereto set forth certain information as of December 31, 2012, concerning
compensation plans of the Company under which equity securities of the Company are authorized to be issued.
Number of Securities to
Be Issued Upon
Exercise of
Outstanding Options,
Warrants and Rights
Weighted Average Exercise
Price of Outstanding Options,
Warrants and Rights
Number of Securities
Remaining Available for
Future Issuance Under
Equity Compensation
Plans (Excluding
Securities Reflected in
Column (a))
Plan Category (a) (b) (c)
Equity compensation plans approved by security holders ..... 125,694 $478.32 225,981
Equity compensation plans not approved by security holders . . —— —
Total ........................................ 125,694 $478.32 225,981
This table does not include information relating to restricted stock grants awarded under The Washington Post Company Incentive Compensation Plan,
which plan has been approved by the stockholders of the Company. At December 31, 2012, there were 17,825 shares of restricted stock outstanding
under the 2009–2012 Award Cycle, 29,568 shares of restricted stock outstanding under the 2011–2014 Award Cycle, and 54,220 shares of
restricted stock outstanding under the 2012–2016 Award Cycle that had been awarded to employees of the Company and its subsidiaries under that
Plan. In addition, the Company has from time to time awarded special discretionary grants of restricted stock to employees of the Company and its
subsidiaries. At December 31, 2012, there were a total of 106,304 shares of restricted stock outstanding under special discretionary grants approved
by the Compensation Committee of the Board of Directors. At December 31, 2012, a total of 94,138 shares of restricted stock were available for
future awards.
Purchases of Equity Securities by the Issuer and Affiliated Purchasers
During the quarter ended December 31, 2012, the Company purchased shares of its Class B Common Stock as set forth
in the following table:
Period
Total Number
of Shares
Purchased
Average
Price Paid
per Share
Total Number of Shares
Purchased as Part of
Publicly Announced Plan*
Maximum Number of Shares That
May Yet Be Purchased
Under the Plan*
Oct. 1-Oct. 31, 2012 ....................... —$ — — 208,924
Nov. 1-Nov. 30, 2012 ...................... 16,681 338.71 16,681 192,243
Dec. 1-Dec. 31, 2012 ...................... —— — 192,243
Total ................................ 16,681 $338.71 16,681
* On September 8, 2011, the Company’s Board of Directors authorized the Company to purchase, on the open market or otherwise, up to 750,000
shares of its Class B Common Stock. There is no expiration date for that authorization. All purchases made during the quarter ended December 31,
2012 were open market transactions.
Performance Graph
The following graph is a comparison of the yearly percentage change in the Company’s cumulative total shareholder
return with the cumulative total return of the Standard & Poor’s 500 Stock Index, the Standard & Poor’s 1500 Publishing
Index and a custom peer group index comprised of education companies. The Standard & Poor’s 500 Stock Index is
comprised of 500 U.S. companies in the industrial, transportation, utilities and financial industries and is weighted by
market capitalization. The Standard & Poor’s 1500 Publishing Index is comprised of Gannett Co., Inc., The McGraw-Hill
Companies, The Meredith Corporation, The New York Times Company, The E.W. Scripps Company, Scholastic
Corporation, Valassis Communications, Inc., John Wiley & Sons, Inc. and The Washington Post Company and also is
weighted by market capitalization. The custom peer group of education companies includes American Public Education,
Apollo Group Inc., Bridgepoint Education Inc., Capella Education Co., Career Education Corp., Corinthian Colleges,
Inc., DeVry Inc., Education Management Corp., ITT Educational Services Inc. and Strayer Education Inc. The Company is
using a custom peer index of education companies because the Company is a diversified education and media
company. Its largest business is Kaplan, Inc., a leading global provider of educational services to individuals, schools
44 THE WASHINGTON POST COMPANY