Cisco 2014 Annual Report Download - page 41

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PART II
Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters, and Issuer Purchases of Equity
Securities
(a) Cisco common stock is traded on the NASDAQ Global Select Market under the symbol CSCO. Information
regarding quarterly cash dividends declared on Cisco’s common stock during fiscal 2014 and 2013 may be found in
Supplementary Financial Data on page 122 of this report. There were 49,936 registered shareholders as of
September 4, 2014. The high and low common stock sales prices per share for each period were as follows:
FISCAL 2014 FISCAL 2013
Fiscal Quarter High Low High Low
First quarter .................................................. $26.49 $22.10 $19.75 $15.65
Second quarter ............................................... $24.00 $20.22 $21.25 $16.68
Third quarter ................................................. $23.64 $21.27 $21.98 $19.98
Fourth quarter ................................................ $26.08 $22.43 $26.15 $20.29
(b) Not applicable.
(c) Issuer purchases of equity securities (in millions, except per-share amounts):
Period
Total
Number of
Shares
Purchased
Average Price Paid
per Share
Total Number of Shares
Purchased as Part of
Publicly Announced
Plans or Programs
Approximate Dollar
Value of Shares
That May Yet
Be Purchased
Under the Plans or
Programs
April 27, 2014 to May 24, 2014 ................. 4 $24.38 4 $9,965
May 25, 2014 to June 21, 2014 .................. 17 $24.74 17 $9,550
June 22, 2014 to July 26, 2014 .................. 40 $25.34 40 $8,555
Total ...................................... 61 $25.11 61
On September 13, 2001, we announced that our Board of Directors had authorized a stock repurchase program. As of July 26,
2014, our Board of Directors had authorized the repurchase of up to $97 billion of common stock under this program. During
fiscal 2014, we repurchased and retired 420 million shares of our common stock at an average price of $22.71 per share for an
aggregate purchase price of $9.5 billion. As of July 26, 2014, we had repurchased and retired 4.3 billion shares of our common
stock at an average price of $20.63 per share for an aggregate purchase price of $88.4 billion since inception of the stock
repurchase program, and the remaining authorized amount for stock repurchases under this program was $8.6 billion with no
termination date.
For the majority of restricted stock units granted, the number of shares issued on the date the restricted stock units vest is net
of shares withheld to meet applicable tax withholding requirements. Although these withheld shares are not issued or
considered common stock repurchases under our stock repurchase program and therefore are not included in the preceding
table, they are treated as common stock repurchases in our financial statements as they reduce the number of shares that would
have been issued upon vesting (see Note 13 to the Consolidated Financial Statements).
33