ZBRA » Topics » Item 5. Market for Registrants Common Stock, Related Stockholder Matters and Issuer Purchases of Equity Securities

This excerpt taken from the ZBRA 10-K filed Feb 29, 2008.

Item 5. Market for Registrant’s Common Stock, Related Stockholder Matters and Issuer Purchases of Equity Securities

Stock Information: Price Range and Common Stock

Our Class A Common Stock is traded on the NASDAQ Stock Market under the symbol ZBRA. The following table shows the high and low trade prices for each fiscal quarter in 2007 and 2006, as reported by the NASDAQ Stock Market.

 

2007

   High    Low   

2006

   High    Low

First Quarter

   $ 42.38    $ 33.70    First Quarter    $ 47.97    $ 42.16

Second Quarter

     41.49      37.98    Second Quarter      45.39      32.41

Third Quarter

     42.50      32.93    Third Quarter      36.60      29.23

Fourth Quarter

     39.09      32.93    Fourth Quarter      37.74      33.98

Source: The NASDAQ Stock Market

At February 22, 2008, the last reported price for the Class A Common Stock was $29.38 per share, and there were 380 registered stockholders of record for Zebra’s Class A Common Stock. In addition, we had approximately 16,500 stockholders who owned Zebra stock in street name.

Dividend Policy

Since our initial public offering in 1991, we have not declared any cash dividends or distributions on our capital stock. Zebra currently intends to retain its earnings to finance future growth and therefore does not anticipate paying any cash dividends in the foreseeable future.

Treasury Shares

During the fourth quarter of 2007, Zebra purchased 1,768,359 shares of Zebra’s Class A common stock as follows:

ISSUER PURCHASES OF EQUITY SECURITIES

 

Period

   Total number
of shares
purchased
   Average
price paid
per share
   Total number of
shares purchased as
part of publicly
announced
program
   Maximum number
of shares that may
yet be purchased
under the
program

October 2007 (September 30 – October 27)

   —        —      —      2,149,059

November 2007 (October 28 – November 24)

   540,204    $ 36.70    540,204    1,608,855

December 2007 (November 25 – December 31)

   1,228,155    $ 35.30    1,228,155    380,700
               

Total

   1,768,359    $ 35.73    1,768,359    380,700
               

 

(1) On October 4, 2005, Zebra announced that the Board authorized the purchase of up to 2,500,000 shares of Zebra common stock at prices to be determined at management’s discretion. There was no expiration on the authorization. On August 1, 2007, Zebra announced that the Board authorized the purchase of an additional 3,000,000 shares under the same terms. All shares authorized by the Board in 2005 have been purchased and all remaining shares authorized for purchase were authorized under the Board’s 2007 authorization.

 

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