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
Our Class A common stock, $0.0001 par value per share, is traded on the New York Stock Exchange under the ticker symbol 'BKR'. Prior to October 18, 2019, our Class A common stock traded under the ticker symbol ‘BHGE’. As of February 6, 2020, there were approximately 6,658 stockholders of record. All of our issued and outstanding Class B common stock, $0.0001 par value per share, is owned by GE and its affiliate.
The following table contains information about our purchases of Class A common stock equity securities during the fourth quarter of 2019.
Issuer Purchases of Equity Securities
| Period | Total Number of Shares Purchased (1) | Average Price Paid Per Share (2) | Total Number of Shares Purchased as Part of a Publicly Announced Plan or Programs (3) | Maximum Dollar Value of Shares that May Yet Be Purchased Under the Plan or Programs (3) | ||||||||
| October 1-31, 2019 | 10,197 | $ | 23.31 | — | $ | 18,690,655 | ||||||
| November 1-30, 2019 | 64,823 | 22.61 | — | $ | 18,690,655 | |||||||
| December 1-31, 2019 | 6,300 | 23.52 | — | $ | 18,690,655 | |||||||
| Total | 81,320 | $ | 22.76 | — |
| (1) | Represents Class A common stock purchased from employees to satisfy the tax withholding obligations in connection with the vesting of restricted stock units and from the automatic exercise of certain stock options at their expiration. |
| (2) | Average price paid for Class A common stock purchased from employees to satisfy the tax withholding obligations in connection with the vesting of restricted stock units and from the automatic exercise of certain stock options at their expiration. |
| (3) | We did not repurchase any shares of Class A common stock in the fourth quarter of 2019. As of December 31, 2019, the stock repurchase program has been substantially completed. |
Baker Hughes Company 2019 FORM 10-K | 22
Corporate Performance Graph
The following graphs compare the change in our cumulative total stockholder return on our common stock (assuming reinvestment of dividends into common stock at the date of payment) with the cumulative total return on the published Standard & Poor's (S&P) 500 Stock Index and the cumulative total return on the S&P 500 Oil and Gas Equipment and Services Index over the preceding five-year period. The first graph below reflects total shareholder returns for Baker Hughes Incorporated (our predecessor issuer pursuant to Rule 12g-3(a) under the Securities Exchange Act) from December 31, 2014 to July 3, 2017, the date of consummation of the Transactions. The second graph below reflects the total shareholder returns for our common stock from July 5, 2017, the first business day following consummation of the Transactions, to December 31, 2019.
Comparison of Two Years and Six Months Cumulative Total Return
BHI; S&P 500 Index and S&P 500 Oil and Gas Equipment and Services Index
| 2014 | 2015 | 2016 | July 3, 2017 | |||||||||||||
| Baker Hughes Incorporated (BHI) | $ | 100.00 | $ | 83.26 | $ | 118.90 | $ | 106.16 | ||||||||
| S&P 500 Stock Index | 100.00 | 101.38 | 113.51 | 124.41 | ||||||||||||
| S&P 500 Oil and Gas Equipment and Services Index | 100.00 | 81.25 | 107.19 | 125.84 |
Baker Hughes Company 2019 FORM 10-K | 23
The following graph compares the change in cumulative total stockholder return on our common stock (assuming reinvestment of dividends into common stock at the date of payment) with the cumulative total return on the published S&P 500 Stock Index and the cumulative total return on the S&P 500 Oil and Gas Equipment and Services Index over the preceding 30 month period. The graph reflects total shareholder returns for our common stock from July 5, 2017, the first business day following consummation of the Transactions, to December 31, 2019.
Comparison of Two Years and Six Months Cumulative Total Return
BKR; S&P 500 Index and S&P 500 Oil and Gas Equipment and Services Index
| July 5, 2017 | December 31, 2017 | 2018 | 2019 | |||||||||||||
| Baker Hughes Company (BKR) | $ | 100.00 | $ | 85.84 | $ | 59.73 | $ | 73.44 | ||||||||
| S&P 500 Stock Index | 100.00 | 110.97 | 106.11 | 139.52 | ||||||||||||
| S&P 500 Oil and Gas Equipment and Services Index | 100.00 | 106.02 | 62.06 | 68.59 |
The comparison of total return on investment (change in year-end stock price plus reinvested dividends) assumes that $100 was invested on December 31, 2014 and July 5, 2017, respectively, in BHI and Baker Hughes common stock, the S&P 500 Index and the S&P 500 Oil and Gas Equipment and Services Index.
The corporate performance graph and related information shall not be deemed "soliciting material" or to be "filed" with the SEC, nor shall such information be incorporated by reference into any future filing under the Securities Act or the Exchange Act, except to the extent that Baker Hughes specifically incorporates it by reference into such filing.
Baker Hughes Company 2019 FORM 10-K | 24
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