Charter 2010 Annual Report Download - page 45

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                                         

PART II
Market for Registrant’s Common
Equity, Related Stockholder Matters
and Issuer Purchases of Equity Securities.

Charter’s Class A common stock is listed on the NASDAQ Global
Select Market under the symbol “CHTR.”
Prior to April 6, 2009, Predecessor common stock traded on the
NASDAQ Global Select Market. From April 7, 2009 through the
Effective Date, shares of common stock of Predecessor traded on
the OTC Bulletin Board or in the “Pink Sheets.” On the Effective
Date, all of the outstanding common stock and all other outstanding
equity securities of Predecessor were cancelled pursuant to the terms
of the Plan. e Successor’s common stock was quoted on the OTC
Bulletin Board from the Effective Date until the stock was listed on
the NASDAQ Global Select Market on September 14, 2010.
e following table sets forth, for the periods indicated, the range
of high and low last reported sale price per share of Predecessor’s
Class A common stock through April 6, 2009, and from April 7
through November 30, 2009, the range of high and low last reported
bid price per share, and Charter’s Class A common stock after its
emergence from bankruptcy from December 1, 2009 to September
13, 2010 on the OTC Bulletin Board or in the “Pink Sheets,” and
from September 14, 2010 to December 31, 2010 on the NASDAQ
Global Select Market. ere was no established trading market for
Charter’s Class B common stock prior to its conversion on January
18, 2011.

As of January 31, 2011, there were approximately 1,356 holders of
record of Charter’s Class A common stock.

Predecessor and Charter have not paid stock or cash dividends on
any of its common stock.
Charter would be dependent on distributions from Charter Holdco
if Charter were to make any dividends. 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 CCH II, LLC (“CCH
II”) 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.” Future cash dividends, if
any, will be at the discretion of Charter’s board of directors and
will depend upon, among other things, our future operations
and earnings, capital requirements, general financial condition,
contractual restrictions and such other factors as Charter’s board of
directors may deem relevant.


All shares issued or granted by Predecessor and not yet vested
were cancelled on November 30, 2009 along with the 2001 Stock
Incentive Plan. e 2009 Stock Incentive Plan was adopted by
Charter’s board of directors.

High Low
Predecessor
2009
First quarter $0.22 $0.02
Second quarter $0.05 $0.02
ird quarter $0.04 $0.01
Fourth quarter
(through November 30, 2009) $0.03 $0.01
Successor
2009
Fourth quarter
(December 1, 2009 to December 31, 2009) $36.50 $33.00
2010
First quarter $35.00 $29.50
Second quarter $39.75 $33.75
ird quarter $36.50 $32.50
Fourth quarter $38.94 $32.00