Starbucks 2009 Annual Report Download - page 25

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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 NASDAQ, under the symbol “SBUX.”
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
September 27, 2009:
Fourth Quarter ................................................ $20.76 $12.97
Third Quarter ................................................. 15.30 11.11
Second Quarter ................................................ 12.39 8.27
First Quarter .................................................. 14.87 7.17
September 28, 2008:
Fourth Quarter ................................................ $16.92 $13.58
Third Quarter ................................................. 18.60 15.66
Second Quarter ................................................ 20.47 16.80
First Quarter .................................................. 26.84 20.03
As of November 13, 2009, the Company had approximately 21,600 shareholders of record. This does not include
persons whose stock is in nominee or “street name” accounts through brokers.
Starbucks has never paid any dividends on its common stock. Any future decision to pay cash dividends will be at
the discretion of the Company’s Board of Directors and will be dependent on the Company’s operating perfor-
mance, financial condition, capital expenditure requirements, and other such factors that the Board of Directors
considers relevant.
ISSUER PURCHASES OF EQUITY SECURITIES
The following table provides information regarding repurchases by the Company of its common stock during the
13-week period ended September 27, 2009:
Total
Number of
Shares
Purchased
(2)
Average
Price
Paid per
Share
Total Number
of Shares
Purchased as
Part of Publicly
Announced
Plans or
Programs
(3)
Maximum
Number of
Shares that May
Yet Be
Purchased
Under the Plans
or Programs
(3)
Period
(1)
June 29, 2009 — July 26, 2009 .............. — — — 6,272,128
July 27, 2009 — August 23, 2009 ............ — — — 6,272,128
August 24, 2009 — September 27, 2009 ....... 1,780 $18.69 — 6,272,128
Total.................................. 1,780 —
(1)
Monthly information is presented by reference to the Company’s fiscal months during the fourth quarter offiscal
2009.
(2)
These amounts represent shares surrendered to the Company to pay the exercise price and/or to satisfy tax
withholding obligations in connection with stock swap exercises of employee stock options.
(3)
The Company’s share repurchase program is conducted under authorizations made from time to time by the
Company’s Board of Directors. The Board of Directors authorized the repurchase of 25 million shares of common
stock (publicly announced on May 3, 2007) and later authorized the repurchase of up to five million additional shares
(publicly announced on January 30, 2008). Neither of these authorizations has an expiration date.
17