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
Market Information
Our common stock is quoted under the symbol “TASR” on The NASDAQ Global Select Market. The following table sets forth the high and low sales prices per share for our common stock as reported by NASDAQ for each quarter of the last two fiscal years.
| High | Low | ||||||
| Year Ended December 31, 2015: | |||||||
| First quarter | $ | 28.30 | $ | 21.39 | |||
| Second quarter | 35.95 | 23.41 | |||||
| Third quarter | 34.91 | 18.05 | |||||
| Fourth quarter | 26.48 | 16.14 |
| High | Low | ||||||
| Year Ended December 31, 2014: | |||||||
| First quarter | $ | 20.83 | $ | 14.89 | |||
| Second quarter | 19.17 | 12.55 | |||||
| Third quarter | 18.76 | 10.46 | |||||
| Fourth quarter | 27.65 | 13.40 |
Holders
As of December 31, 2015, there were 280 holders of record of our common stock.
Dividends
To date, we have not declared or paid cash dividends on our common stock. We do not intend to pay cash dividends in the foreseeable future and our revolving line of credit prohibits the payment of cash dividends.
Issuer Purchases of Equity Securities
In May 2014, the Company's Board of Directors authorized a stock repurchase program to acquire up to $30.0 million of the Company’s outstanding common stock subject to stock market conditions and corporate considerations. During the year ended December 31, 2015, the Company repurchased approximately 0.3 million common shares under this program for a total cost of approximately $7.6 million, or a weighted average cost of $25.86 per share. The weighted average cost includes the average price paid per share of $25.83, plus any applicable administrative costs for the transaction. From inception of this program, which was completed in the third quarter of 2015, the Company purchased approximately 2.0 million common shares for a total cost of approximately $30.0 million, or a weighted average cost, including commissions, of $14.85 per share. As of December 31, 2015, no amounts remain available under the plan for future purchases.
Stock Performance Graph
The following stock performance graph compares the performance of our common stock to the NASDAQ Stock Market (U.S.) and the Russell 3000 Index. The graph covers the period from December 31, 2010 to December 31, 2015. The graph assumes that the value of the investment in our stock and in each index was $100 at December 31, 2010, and that all dividends were reinvested. We do not pay dividends on our common stock.

| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | ||||||||||||||||||
| TASER International, Inc. | $ | 100.00 | $ | 108.94 | $ | 190.21 | $ | 337.87 | $ | 563.40 | $ | 367.87 | |||||||||||
| NASDAQ Composite | 100.00 | 100.53 | 116.92 | 166.19 | 188.78 | 199.95 | |||||||||||||||||
| Russell 3000 | 100.00 | 101.03 | 117.61 | 157.07 | 176.79 | 177.64 |
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