Charter 2007 Annual Report Download - page 39

PART II
ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER
PURCHASES OF EQUITY SECURITIES.
(A) Market Information
Charter’s Class A common stock is quoted on the NASDAQ
Global Select Market under the symbol “CHTR.” The following
table sets forth, for the periods indicated, the range of high and
low last reported sale price per share of Class A common stock
on the NASDAQ Global Select Market. There is no established
trading market for Charter’s Class B common stock.
Class A Common Stock High Low
2006
First quarter $1.25 $0.94
Second quarter 1.38 1.03
Third quarter 1.56 1.11
Fourth quarter 3.36 1.47
2007
First quarter $3.52 $2.75
Second quarter 4.16 2.70
Third quarter 4.80 2.41
Fourth quarter 2.94 1.14
(B) Holders
As of December 31, 2007, there were 3,587 holders of record of
Charter’s Class A common stock, one holder of Charter’s Class B
common stock, and 4 holders of record of our Series A Convert-
ible Redeemable Preferred Stock.
(C) Dividends
Charter has not paid stock or cash dividends on any of its
common stock, and we do not intend to pay cash dividends on
common stock for the foreseeable future. We intend to retain
future earnings, if any, to finance our business.
Charter Holdco may make pro rata distributions to all
holders of its common membership units, including Charter.
Covenants in the indentures and credit agreements governing the
debt obligations of Charter Communications Holdings and its
subsidiaries restrict their ability to make distributions to us, and
accordingly, limit our ability to declare or pay cash dividends.
See “Item 7. Management’s Discussion and Analysis of Financial
Condition and Results of Operations.”
(D) Securities Authorized for Issuance Under Equity Compensation Plans
The following information is provided as of December 31, 2007
with respect to equity compensation plans:
Plan Category
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
Equity compensation plans approved by security holders 25,681,561
(1)
$4.02 22,759,689
Equity compensation plans not approved by security holders 289,268
(2)
$3.91 —
TOTAL 25,970,829 $4.02 22,759,689
(1)
This total does not include 4,112,375 shares issued pursuant to restricted stock grants made under our 2001 Stock Incentive Plan, which were or are subject to vesting
based on continued employment or 28,008,985 performance shares issued under our LTIP plan, which are subject to vesting based on continued employment and
Charter’s achievement of certain performance criteria.
(2)
Includes shares of Charter’s Class A common stock to be issued upon exercise of options granted pursuant to an individual compensation agreement with a consultant.
For information regarding securities issued under our equity compensation plans, see Note 21 to our accompanying consolidated
financial statements contained in “Item 8. Financial Statements and Supplementary Data.”
(E) Performance Graph
The graph below shows the cumulative total return on Charter’s Class A common stock for the period from December 31, 2002
through December 31, 2007, in comparison to the cumulative total return on Standard & Poor’s 500 Index and a peer group consisting
of the national cable operators that are most comparable to us in terms of size and nature of operations. The Company’s old peer
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CHARTER COMMUNICATIONS, INC. 2007 FORM 10-K