Electronic Arts 2014 Annual Report Download - page 94

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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 “EA”. The following table
sets forth the quarterly high and low closing sales price per share of our common stock from April 1, 2012
through March 31, 2014.
Prices
High Low
Fiscal Year Ended March 31, 2013:
First Quarter .............................................................. $16.71 $11.89
Second Quarter ........................................................... 14.50 10.94
Third Quarter ............................................................. 15.42 11.91
Fourth Quarter ............................................................ 19.34 13.70
Fiscal Year Ended March 31, 2014:
First Quarter .............................................................. 23.61 16.91
Second Quarter ........................................................... 27.99 23.18
Third Quarter ............................................................. 26.44 20.97
Fourth Quarter ............................................................ 30.25 21.54
Holders
There were approximately 1,356 holders of record of our common stock as of May 19, 2014, and the closing
price of our common stock was $34.57 per share as reported by the NASDAQ Global Select Market. In addition,
we believe that a significant number of beneficial owners of our common stock hold their shares in street name.
Dividends
We have not paid any cash dividends and do not anticipate paying cash dividends in the foreseeable future.
Issuer Purchases of Equity Securities
Stock Repurchase Plan. In July 2012, our Board of Directors authorized a program to repurchase up to
$500 million of our common stock. During fiscal year 2013, we repurchased and retired a total of approximately
26 million shares of our common stock for approximately $349 million, of which approximately 22 million
shares, or $278 million, was repurchased under this program. During fiscal year 2014, we did not repurchase any
shares of our common stock.
In May 2014, a special committee of our Board of Directors, on behalf of the full Board of Directors, authorized
a new program to repurchase up to $750 million of our common stock. This new stock repurchase program,
which expires on May 31, 2016, supersedes and replaces the stock repurchase authorization approved by our
Board of Directors in July 2012. Under this program, we may purchase stock in the open market or through
privately-negotiated transactions in accordance with applicable securities laws, including pursuant to pre-
arranged stock trading plans. The timing and actual amount of the stock repurchases will depend on several
factors including price, capital availability, regulatory requirements, alternative investment opportunities and
other market conditions. We are not obligated to repurchase any specific number of shares under this program
and it may be modified, suspended or discontinued at any time.
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