Item 5. Market for the Registrant’s Common Equity, Related Stockholder Matters, and Issuer Purchases of Equity Securities
7K characters. Original on sec.gov · Markdown
Item 5. Market for the Registrant’s Common Equity, Related Stockholder Matters, and Issuer Purchases of Equity Securities
Our Class A and Class B common stock is traded on the New York Stock Exchange (under the symbols “BFA” and “BFB,” respectively). As of May 31, 2015, there were 2,712 holders of record of Class A common stock and 5,265 holders of record of Class B common stock. Because of overlapping ownership between classes, as of May 31, 2015, we had only 5,877 distinct record holders.
The following table sets forth, for the quarterly periods indicated, the high and low sales prices per share for our Class A and Class B common stock, as reported on the New York Stock Exchange composite tape, and dividend per share information:
| Fiscal 2014 | Fiscal 2015 | ||||||||||||||||||||||||||||||||||||||
| First Quarter | Second Quarter | Third Quarter | Fourth Quarter | Year | First Quarter | Second Quarter | Third Quarter | Fourth Quarter | Year | ||||||||||||||||||||||||||||||
| Market price per share: | |||||||||||||||||||||||||||||||||||||||
| Class A high | $ | 75.47 | $ | 74.65 | $ | 79.83 | 91.00 | $ | 91.00 | $ | 95.29 | $ | 93.09 | $ | 98.00 | $ | 95.23 | $ | 98.00 | ||||||||||||||||||||
| Class A low | 67.00 | 65.46 | 71.00 | 74.67 | 65.46 | 85.98 | 81.38 | 85.33 | 86.85 | 81.38 | |||||||||||||||||||||||||||||
| Class B high | 74.29 | 74.96 | 80.76 | 91.15 | 91.15 | 97.15 | 93.62 | 97.97 | 93.99 | 97.97 | |||||||||||||||||||||||||||||
| Class B low | 66.44 | 66.41 | 72.11 | 75.54 | 66.41 | 86.48 | 81.89 | 85.43 | 86.71 | 81.89 | |||||||||||||||||||||||||||||
| Cash dividends per share: | |||||||||||||||||||||||||||||||||||||||
| Declared | 0.51 | — | 0.58 | — | 1.09 | 0.58 | — | 0.63 | — | 1.21 | |||||||||||||||||||||||||||||
| Paid | 0.26 | 0.26 | 0.29 | 0.29 | 1.09 | 0.29 | 0.29 | 0.32 | 0.32 | 1.21 |
Note: Quarterly amounts do not add to amounts for the year due to rounding.
Equity Compensation Plan Information
The following table summarizes information as of April 30, 2015, relating to our equity compensation plans pursuant to which grants of stock options, stock appreciation rights, restricted stock, market value units, performance units or other equity awards have been made.
| Plan Category | Number of Securities to Be Issued Upon Exercise of Outstanding Options, Warrants and Rights1 | Weighted-Average Exercise Price of Outstanding Options, Warrants and Rights2 | Number of Securities Remaining Available for Future Issuance Under Equity Compensation Plans | ||||
| Equity compensation plans approved by Class A common stockholders | 1,901,441 | $48.46 | 7,253,166 |
1Includes 1,773,777 Class B common shares to be issued upon exercise of stock-settled stock appreciation rights (SSARs); 81,322 Class B common restricted stock units (RSUs); 21,506 Class A common deferred stock units (DSUs); and 24,836 Class B common DSUs issued under the Brown-Forman 2004 or 2013 Omnibus Compensation Plans. Does not include issued shares of performance-based restricted stock. SSARs are exercisable for an amount of our common stock with a value equal to the increase in the fair market value of the common stock from the date the SSARs were granted. The fair market value of our common stock at fiscal year-end has been used for the purposes of reporting the number of shares to be issued upon exercise of the 3,817,206 SSARs outstanding at fiscal year-end.
2RSUs and DSUs do not have an exercise price because their value depends on continued employment or service over time, and are to be settled for shares of Class B common stock. Accordingly, these have been disregarded for purposes of computing the weighted-average exercise price.
Stock Performance Graph
The graph below compares the cumulative total shareholder return of our Class B common stock for the last five years with the Standard & Poor’s 500 Stock Index, the Dow Jones U.S. Consumer Goods Index, and the Dow Jones U.S. Food & Beverage Index. The information presented assumes an initial investment of $100 on April 30, 2010, and that all dividends were reinvested. The cumulative returns shown on the graph represent the value that these investments would have had on April 30 in the years since 2010.

Share Repurchases
The following table provides information about shares of our common stock that we acquired during the quarter ended April 30, 2015:
| Period | Total Number of Shares Purchased | Average Price Paid per Share | Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs | Approximate Dollar Value of Shares that May Yet Be Purchased under the Plans or Programs | ||||
| February 1, 2015 - February 28, 2015 | 152,944 | $88.91 | 152,944 | $ | 170,000,000 | |||
| March 1, 2015 - March 31, 2015 | 815,595 | $88.71 | 815,595 | $ | 1,097,700,000 | |||
| April 1, 2015 - April 30, 2015 | 1,154,886 | $91.59 | 1,154,886 | $ | 991,900,000 | |||
| Total | 2,123,425 | $90.29 | 2,123,425 |
As we announced on October 15, 2014, our Board of Directors authorized us to repurchase up to $250 million of our outstanding Class A and Class B common shares from October 15, 2014, through October 14, 2015, subject to market and other conditions. As we announced on March 25, 2015, the Board approved a $1 billion increase to the share repurchase authorization and extended it through March 24, 2016, subject to market and other conditions. The shares presented in the table above were acquired under these Board authorizations.
Previous: Item 4. Mine Safety Disclosures · Next: Item 6. Selected Financial Data