Western Digital 2013 Annual Report Download - page 40

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PART II
Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters, and
Issuer Purchases of Equity Securities
Market Information for Common Stock
Our common stock is listed on the NASDAQ Global Select Market (“NASDAQ”) under the symbol “WDC.”
Until June 1, 2012, our common stock was listed on the New York Stock Exchange, Inc. (“NYSE”) under the symbol
“WDC.” The approximate number of holders of record of our common stock as of August 8, 2013 was 1,506.
The high and low sales prices of our common stock as reported by the NASDAQ and the NYSE, as applicable,
for each quarter of 2013 and 2012 were as follows:
First Second Third Fourth
2013
High ............................................ $45.94 $42.75 $51.00 $65.26
Low ............................................ $29.58 $32.25 $41.25 $48.78
2012
High ............................................ $39.02 $33.40 $43.10 $44.44
Low ............................................ $25.41 $22.64 $30.49 $28.31
Repurchases of Equity Securities
The following table provides information about repurchases by us of our common stock during the quarter ended
June 28, 2013:
(in millions, except average price paid per share)
Total Number
of Shares
Purchased
Average Price
Paid per Share
Total Number of
Shares Purchased as
Part of Publicly
Announced
Program(1)
Maximum Value of
Shares that May Yet
be Purchased
Under the
Program(1)
March 30, 2013 — April 26, 2013 ..... 2.5 $51.45 2.5 $2,076
April 27, 2013 — May 24, 2013 ....... 1.9 $57.84 1.9 $1,970
May 25, 2013 — June 28, 2013 ....... — $ — — $1,970
Total ............................ 4.4 $54.16 4.4 $1,970
(1) On May 21, 2012, the Company announced that the Board of Directors authorized $1.5 billion for the repurchase
of our common stock through May 18, 2017. On September 13, 2012, the Company announced that the Board of
Directors authorized an additional $1.5 billion for the repurchase of our common stock and the extension of our
stock repurchase program until September 13, 2017. Repurchases under our stock repurchase program may be
made in the open market or in privately negotiated transactions and may be made under a Rule 10b5-1 plan.
Dividends to Shareholders
On September 13, 2012, we announced that our Board of Directors had authorized the adoption of a quarterly
cash dividend policy. Under the cash dividend policy, holders of our common stock receive dividends when and as
declared by our Board of Directors. In 2013, we declared aggregate cash dividends of $1.00 per share of our common
stock, totaling $240 million, of which $181 million was paid during 2013. We may modify, suspend or cancel our
cash dividend policy in any manner and at any time.
34