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
Price Range of Common Stock
Our common stock trades on the New York Stock Exchange under the symbol "CHK". The following table sets forth, for the periods indicated, the high and low sales prices per share of our common stock as reported by the New York Stock Exchange:
| Common Stock | ||||||||
| High | Low | |||||||
| Year Ended December 31, 2017: | ||||||||
| Fourth Quarter | $ | 4.38 | $ | 3.41 | ||||
| Third Quarter | $ | 5.20 | $ | 3.55 | ||||
| Second Quarter | $ | 6.59 | $ | 4.38 | ||||
| First Quarter | $ | 7.32 | $ | 4.88 | ||||
| Year Ended December 31, 2016: | ||||||||
| Fourth Quarter | $ | 8.20 | $ | 5.14 | ||||
| Third Quarter | $ | 8.15 | $ | 4.13 | ||||
| Second Quarter | $ | 7.59 | $ | 3.53 | ||||
| First Quarter | $ | 5.76 | $ | 1.50 |
Shareholders
As of February 20, 2018, there were approximately 1,850 holders of record of our common stock and approximately 595,000 beneficial owners.
Dividends
We ceased paying dividends on our common stock in the 2015 third quarter and do not anticipate paying any dividends on our common stock in the foreseeable future. Our revolving credit facility, our term loan facility and the certificates of designation for our preferred stock contain restrictions on our ability to declare and pay cash dividends on our common or preferred stock if an event of default has occurred. The certificates of designation for our preferred stock prohibit payment of cash dividends on our common stock unless we have declared and paid (or set apart for payment) full accumulated dividends on the preferred stock. After suspending the payment of dividends on our outstanding convertible preferred stock during fiscal year 2016, we reinstated the payment of dividends on each series of our outstanding convertible preferred stock beginning with the dividends payable in the 2017 first quarter and paid all dividends in arrears.
Unregistered Sales of Equity Securities and Use of Proceeds
The following table presents information about repurchases of our common stock during the quarter ended December 31, 2017:
| Period | Total Number of Shares Purchased(a) | Average Price Paid Per Share(a) | Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs | Maximum Approximate Dollar Value of Shares That May Yet Be Purchased Under the Plans or Programs(b) | ||||||||||
| ($ in millions) | ||||||||||||||
| October 1, 2017 through October 31, 2017 | 11,666 | $ | 4.36 | — | $ | 1,000 | ||||||||
| November 1, 2017 through November 30, 2017 | — | $ | — | — | $ | 1,000 | ||||||||
| December 1, 2017 through December 31, 2017 | — | $ | — | — | $ | 1,000 | ||||||||
| Total | 11,666 | $ | 4.36 | — |
| (a) | Includes shares of common stock purchased on behalf of our deferred compensation plan related to participant deferrals and Company matching contributions. |
| (b) | In December 2014, our Board of Directors authorized the repurchase of up to $1 billion of our common stock from time to time. The repurchase program does not have an expiration date. As of December 31, 2017, there have been no repurchases under the program. |
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