Electronic Arts 2015 Annual Report Download - page 93

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Annual Report
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, 2013
through March 31, 2015.
Prices
High Low
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
Fiscal Year Ended March 31, 2015:
First Quarter .............................................................. 37.15 26.67
Second Quarter ........................................................... 38.42 33.31
Third Quarter ............................................................. 48.33 32.62
Fourth Quarter ............................................................ 58.24 45.96
Holders
There were approximately 1,324 holders of record of our common stock as of May 18, 2015, and the closing
price of our common stock was $63.30 per share as reported by the NASDAQ Global Select Market. In addition,
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
In May 2014, a special committee of our Board of Directors, on behalf of the full Board of Directors, authorized
a two-year program to repurchase up to $750 million of our common stock. We repurchased approximately
8.3 million shares for approximately $337 million under this program during fiscal year 2015.
In May 2015, our Board of Directors authorized a new program to repurchase up to $1 billion of our common
stock. This new stock repurchase program, which expires on May 31, 2017, supersedes and replaces the stock
repurchase authorization approved in May 2014. 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. We continue to actively repurchase shares.
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