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20
PART II
Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
Market Information
Our common stock is traded on the NASDAQ Global Select Market under the symbol “JCOM”. The following table sets forth
the high and low closing sale prices for our common stock for the periods indicated, as reported by the NASDAQ Global Select
Market.
High Low
Year ended December 31, 2008
First Quarter $ 24.00 $ 18.59
Second Quarter 26.80 20.91
Third Quarter 26.97 21.30
Fourth Quarter 22.96 13.74
Year ended December 31, 2007
First Quarter 28.75 23.01
Second Quarter 35.37 27.92
Third Quarter 37.23 32.45
Fourth Quarter 35.07 21.17
Holders
We had 295 registered stockholders as of February 16, 2009. That number excludes the beneficial owners of shares held in
“street” names or held through participants in depositories.
Dividends
We have never paid cash dividends on our stock and currently anticipate that we will continue to retain any future earnings to
finance the growth of our business.
Recent Sales of Unregistered Securities
We did not issue any unregistered securities during the fourth quarter of 2008.
Issuer Purchases of Equity Securities
In February 2008, j2 Global’s Board of Directors approved a common stock repurchase program (the “Repurchase Program”)
authorizing the repurchase of up to five million shares of our common stock through the end of December 2010. On July 9, 2008, the
Program was completed; five million shares at an aggregated cost of $108.0 million (including commission fees of $0.1 million) were
repurchased.
The following table details the repurchases that were made under the Repurchase Program during fiscal 2008:
Period
Total Number of Shares
Purchased
Average Price
Per Share (1)
Total Number
of Shares
Purchased as
Part of Publicly
Announced
Program
Maximum
Number of
Shares That
May Yet Be
Purchased
Under the
Program
January 1, 2008 – January 31, 2008 5,000,000
February 1, 2008 – February 29, 2008 1,324,422 $ 20.56 1,324,422 3,675,578
March 1, 2008 – March 31, 2008 2,209,767 21.93 3,534,189 1,465,811
April 1, 2008 – April 30. 2008 746,589 21.28 4,280,778 719,222
May 1, 2008 – May 31, 2008 180,772 21.06 4,461,550 538,450
June 1, 2008 –June 30, 2008 73,866 23.18 4,535,416 464,584
July 1, 2008 – July 31, 2008 464,584 23.00 5,000,000 -
Total 5,000,000 $ 21.59
(1) Average price per share excludes commissions.