filings.toolsItem 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
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Item 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
Market Information for Common Stock
Our common stock is traded on the NASDAQ Global Select Market under the symbol “ADBE.”
Stockholders
According to the records of our transfer agent, there were 1,030 holders of record of our common stock on January 18, 2019. Because many of such shares are held by brokers and other institutions on behalf of stockholders, we are unable to estimate the total number of stockholders represented by these record holders.
Dividends
We do not anticipate paying any cash dividends in the foreseeable future.
Issuer Purchases of Equity Securities
Below is a summary of stock repurchases for the three months ended November 30, 2018. See Note 12 of our Notes to Consolidated Financial Statements for information regarding our stock repurchase programs.
| Period | Total Number of Shares Repurchased | Average Price Per Share | Total Number of Shares Purchased as Part of Publicly Announced Plans | Approximate Dollar Value that May Yet be Purchased Under the Plan | |||||||||||
| (in thousands, except average price per share) | |||||||||||||||
| Beginning repurchase authority (1) | $ | 8,397,282 | |||||||||||||
| September 1 — September 28, 2018 | |||||||||||||||
| Shares repurchased | 945 | $ | 261.72 | 945 | $ | (247,282 | ) | ||||||||
| October 27 — November 30, 2018 | |||||||||||||||
| Shares repurchased | 616 | $ | 243.52 | 616 | $ | (150,000 | ) | (2) | |||||||
| Total | 1,561 | 1,561 | $ | 8,000,000 |
| (1) | In January 2017, the Board of Directors granted authority to repurchase up to $2.5 billion in common stock through the end of fiscal 2019. In May 2018, the Board of Directors approved another authority to repurchase up to $8.0 billion in common stock through the end of fiscal 2021. As of November 30, 2018, there is no remaining balance under our January 2017 authority. |
| (2) | In October 2018, we entered into a structured stock repurchase agreement with a large financial institution whereupon we provided them with a prepayment of $300 million. As of November 30, 2018, approximately $150.0 million of the prepayment remained under this agreement. |
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