Starbucks 2006 Annual Report Download - page 21

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David A. Pace joined Starbucks in July 2002 as executive vice president of Partner Resources. From 2000 to 2002,
Mr. Pace was the president of i2 Technologies. From 1999 to 2000 Mr. Pace served as the chief human resources officer
for HomeGrocer.com. From 1995 to 1999, he served as senior vice president of human resources for Tricon Restaurants
International (now YUM! Brands, Inc.).
There are no family relationships between any directors or executive officers of the Company.
PART II
Item 5. Market for the Registrant’s Common Equity, Related Shareholder Matters and Issuer
Purchases of Equity Securities
SHAREHOLDER INFORMATION
MARKET INFORMATION AND DIVIDEND POLICY
The Company’s common stock is traded on the Global Select Market of The NASDAQ Stock Market, Inc.
(“NASDAQ”), under the symbol “SBUX.” The following table shows the quarterly high and low closing sale prices
per share of the Company’s common stock as reported by NASDAQ for each quarter during the last two fiscal years:
High Low
October 1, 2006:
Fourth Quarter $38.02 $29.55
Third Quarter 39.63 34.93
Second Quarter 37.63 30.24
First Quarter 31.96 24.91
October 2, 2005:
Fourth Quarter $26.35 $23.08
Third Quarter 28.13 22.78
Second Quarter 30.80 24.79
First Quarter 31.94 23.53
As of December 8, 2006, the Company had approximately 16,653 shareholders of record. Starbucks has never paid any
dividends on its common stock. The Company presently intends to retain earnings for use in its business and to
repurchase shares of common stock and, therefore, does not anticipate paying a cash dividend in the near future.
The following table provides information regarding repurchases by the Company of its common stock during the
13-week period ended October 1, 2006:
ISSUER PURCHASES OF EQUITY SECURITIES
Period
(1)
Total
Number of
Shares
Purchased
Average
Price
Paid per
Share
Total Number
of Shares
Purchased as
Part of Publicly
Announced
Plans or
Programs
(2)
Maximum
Number of
Shares that May
Yet Be
Purchased
Under the Plans
or Programs
(2)
July 3, 2006 – July 30, 2006 6,601,624 $34.54 6,601,624 29,440,530
July 31, 2006 – August 27, 2006 7,262,404 30.87 7,262,404 22,178,126
August 28, 2006 – October 1, 2006 690,000 31.48 690,000 21,488,126
Total 14,554,028 32.57 14,554,028
(1) Monthly information is presented by reference to the Company’s fiscal months during the fourth quarter of fiscal 2006.
(2) The Company’s share repurchase program is conducted under authorizations made from time to time by the Company’s Board of
Directors. The shares reported in the table are covered by Board authorizations to repurchase shares of common stock, as follows:
20 million shares publicly announced on May 5, 2005, 10 million shares publicly announced on September 22, 2005 and
25 million shares publicly announced August 2, 2006. Shares remaining for repurchase relate to the August 2, 2006 authorization,
which has no expiration date.
STARBUCKS CORPORATION, FORM 10-K 17