Windstream 2010 Annual Report Download - page 80
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Windstream Corporation
Form 10-K, Part II
Item 5. Market for the Registrant’s Common Equity and Related Stockholder Matters and Issuer Purchases of
Equity Securities
(a) On December 2, 2010, Windstream issued approximately 20.6 million shares of its common stock as part of the
merger consideration for the acquisition of Q-Comm. Stockholders of Q-Comm who qualified as accredited
stockholders received the shares of Windstream common stock in partial consideration for the cancellation as part
of the merger of all outstanding shares of capital stock in Q-Comm held by such stockholders. The shares of
Windstream common stock were issued in this transaction pursuant to an exemption from registration for
transactions by an issuer not involving a public offering under Section 4(2) of the Securities Act of 1933, as
amended. No underwriter participated in the offering of Windstream common stock in this transaction.
On December 10, 2009, Windstream voluntarily moved its stock exchange listing from the New York Stock
Exchange (“NYSE”) to the NASDAQ Global Select Market. Windstream common stock is traded on the
NASDAQ Global Select Market under the symbol “WIN”. The following table reflects the range of high, low and
closing prices of Windstream’s common stock as reported by Dow Jones & Company, Inc. for each quarter in
2010 and 2009.
Year Quarter High Low Close
Dividend
Declared
2010 4th $14.40 $12.10 $13.97 $0.25
3rd $13.05 $10.34 $12.29 $0.25
2nd $11.50 $ 6.02 $10.56 $0.25
1st $11.40 $ 9.87 $10.89 $0.25
2009 4th $11.65 $ 9.62 $10.99 $0.25
3rd $10.34 $ 7.71 $10.13 $0.25
2nd $ 9.13 $ 7.85 $ 8.36 $0.25
1st $ 9.48 $ 6.28 $ 8.06 $0.25
As of February 16, 2011, the approximate number of holders of common stock, including an estimate for those
holding shares in street name, was 185,000.
For a discussion of certain restrictions on the ability of Windstream to pay dividends under its debt instruments,
see “Management’s Discussion and Analysis of Financial Condition and Results of Operations, Financial
Condition, Liquidity and Capital Resources” in the Financial Supplement to this annual report on Form 10-K.
(b) Not applicable.
(c) Information pertaining to the repurchase of Windstream shares is included below.
(1) During 2009, the Company repurchased 13.0 million shares totaling $121.3 million bringing total
repurchases under a stock repurchase program, which expired on December 31, 2009, to 29.0 million shares
for approximately $321.6 million.
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