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Item 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

The Company effected the initial public offering of its Class A Common Stock in November 1991. The Company’s common stock has been listed on the New York Stock Exchange since that time under the symbol “APH.” The following table sets forth on a per share basis the high and low closing sales prices for the common stock for 2015 and 2014 as reported on the New York Stock Exchange.

20152014
HighLowHighLow
First Quarter$60.20$51.93$46.63$42.34
Second Quarter59.5455.3749.1045.26
Third Quarter57.4549.0652.6647.33
Fourth Quarter55.4950.0355.4545.56

The following graph compares the cumulative total return of Amphenol over a period of five years ending December 31, 2015 with the performance of the Standard & Poor’s 500 (“S&P 500”) Stock Index and the Dow Jones U.S. Electrical Components & Equipment (“DJUSEC”) Index. This graph assumes that $100 was invested in the common stock of Amphenol and each index on December 31, 2010, reflects reinvested dividends and is weighted on a market capitalization basis at the time of each reported data point. The comparisons in the graph below are based upon historical data and are not indicative of, nor intended to forecast future performance.

GRAPHIC

As of January 31, 2016, there were 40 holders of record of the Company’s common stock. A significant number of outstanding shares of common stock are registered in the name of only one holder, which is a nominee of The Depository Trust Company, a securities depository for banks and brokerage firms. The Company believes that there are a significant number of beneficial owners of its common stock.

Contingent upon declaration by the Board of Directors, the Company generally pays a quarterly dividend on its common stock. In July 2014, the Board of Directors approved an increase in the quarterly dividend rate from $0.10 to $0.125 per share effective with the third quarter 2014 dividend and in July 2015 approved a further increase in the quarterly dividend rate from $0.125 to $0.14 per share effective with the third quarter 2015 dividend. Total dividends declared during 2015, 2014 and 2013 were $163.7 million, $140.6 million and $96.8 million, respectively. Total dividends paid in 2015, 2014 and 2013 were $159.3 million, $101.9 million and $96.8 million, respectively, including those declared in the prior year and paid in the current year. The Company intends to retain the remainder of its earnings not used for dividend payments to provide funds for the operation and expansion of the Company’s business (including acquisition-related activity), to repurchase shares of its common stock and to repay outstanding indebtedness.

The Company’s Revolving Credit Facility contains financial covenants and restrictions, some of which may limit the Company’s ability to pay dividends, and any future indebtedness that the Company may incur could limit its ability to pay dividends.

The following table summarizes the Company’s equity compensation plan information as of December 31, 2015.

Equity Compensation Plan Information
Plan categoryNumber of securities to be issued upon exercise of outstanding options, warrants and rightsWeighted average exercise price of outstanding options, warrants and rightsNumber of securities remaining available for future issuance
Equity compensation plans approved by security holders31,153,731$37.6319,205,254
Equity compensation plans not approved by security holders———
Total31,153,731$37.6319,205,254

Repurchase of Equity Securities

In January 2015, the Company’s Board of Directors authorized a stock repurchase program under which the Company may repurchase up to 10 million shares of Common Stock during the two year period ending January 20, 2017 (the “2015 Stock Repurchase Program”). During the year ended December 31, 2015, the Company repurchased 4.5 million shares of its common stock for approximately $248.9 million. These treasury shares have been retired by the Company and common stock and retained earnings were reduced accordingly. The price and timing of any future purchases under the 2015 Stock Repurchase Program will depend on factors such as levels of cash generation from operations, the volume of stock option exercises by employees, cash requirements for acquisitions, economic and market conditions and stock price. The Company did not repurchase any additional shares of Common Stock through January 31, 2016. At January 31, 2016, approximately 5.5 million additional shares of Common Stock may be repurchased under the 2015 Stock Repurchase Program. The table below reflects the Company’s stock repurchases for the year ended December 31, 2015:

PeriodTotal Number of Shares PurchasedAverage Price Paid per ShareTotal Number of Shares Purchased as Part of Publicly Announced Plans or ProgramsMaximum Number of Shares that May Yet Be Purchased Under the Plans or Programs
January 1 to January 31, 2015—$——10,000,000
February 1 to February 28, 201545,97253.9645,9729,954,028
March 1 to March 31, 20151,038,82757.491,038,8278,915,201
April 1 to April 30, 2015615,20156.63615,2018,300,000
May 1 to May 31, 2015834,60055.82834,6007,465,400
June 1 to June 30, 2015———7,465,400
July 1 to July 31, 2015———7,465,400
August 1 to August 31, 2015———7,465,400
September 1 to September 30, 20151,000,00051.931,000,0006,465,400
October 1 to October 31, 2015———6,465,400
November 1 to November 30, 2015———6,465,400
December 1 to December 31, 20151,000,00053.311,000,0005,465,400
Total4,534,600$54.884,534,6005,465,400

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