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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

Price Range of Common Stock

Shares of our common stock are traded on the New York Stock Exchange (NYSE) under the symbol “GNRC.” The following table sets forth the high and low sales prices reported on the NYSE for our common stock by fiscal quarter during 2013 and 2012, respectively.

2013
HighLow
Fourth Quarter$57.05$39.01
Third Quarter$44.30$37.11
Second Quarter$41.48$32.41
First Quarter$41.40$32.72
2012
HighLow
Fourth Quarter$39.18$24.43
Third Quarter$25.33$18.35
Second Quarter$30.61$22.40
First Quarter$30.50$24.27

The following table summarizes the stock repurchase activity for the twelve months ended December 31, 2013, which consisted of the withholding of shares upon the vesting of restricted stock awards to pay withholding taxes:

(in thousands, except share and per share data)Total Number of Shares PurchasedAverage Price Paid per ShareTotal Number Of Shares Purchased As Part Of Publicly Announced Plans Or ProgramsApproximate Dollar Value Of Shares That May Yet Be Purchased Under The Plans Or Programs
01/01/13 - 01/31/13-$-N/AN/A
02/01/13 - 02/28/13162,819$40.18N/AN/A
03/01/13 - 03/31/13-$-N/AN/A
04/01/13 - 04/30/13-$-N/AN/A
05/01/13 - 05/31/13-$-N/AN/A
06/01/13 - 06/30/13-$-N/AN/A
07/01/13 - 07/31/13-$-N/AN/A
08/01/13 - 08/31/13227$42.09N/AN/A
09/01/13 - 09/30/13-$-N/AN/A
10/01/13 - 10/31/13-$-N/AN/A
11/01/13 - 11/30/13412$46.42N/AN/A
12/01/13 - 12/31/13-$-N/AN/A
Total163,458$40.20

For equity compensation plan information, please refer to note 10 in Item 8 in Part II of this 10-K.

Stock Performance Graph

The line graph below compares the cumulative total stockholder return on our common stock with the cumulative total return of the Standard & Poor’s S&P 500 Index and S&P 500 Industrials Index for the year ended December 31, 2013. The graph and table assume that $100 was invested on February 11, 2010 (first day of trading) in each of our common stock, the S&P 500 Index, S&P 500 Industrials Index, and that all dividends were reinvested. Cumulative total stockholder returns for our common stock, the S&P 500 Index, and the S&P 500 Industrials Index are based on our fiscal year.

Holders

As of February 24, 2014, there were approximately 139 registered holders of record of Generac’s common stock. A substantially greater number of holders of Generac common stock are “street name” or beneficial holders, whose shares are held of record by banks, brokers, and other financial institutions.

Dividends

On June 21, 2013, the Company used a portion of the proceeds from the May 31, 2013 debt refinancing (see footnote #6 – Credit Agreements in Item 8 of this Annual Report on Form 10-K) to pay a special cash dividend of $5.00 per share on its common stock, resulting in payments totaling $340.8 million to stockholders. We currently do not have plans to pay any further dividends on our common stock in the near term. However, in the future, subject to factors such as general economic and business conditions, our financial condition and results of operations, our capital requirements, our future liquidity and capitalization and such other factors that our board of directors may deem relevant, we may change this policy and choose to pay dividends. Our ability to pay dividends on our common stock is currently restricted by the terms of our senior secured credit facilities and may be further restricted by any future indebtedness we incur. Our business is conducted through our subsidiaries, including our principal operating subsidiary, Generac Power Systems. Dividends from, and cash generated by our subsidiaries will be our principal sources of cash to repay indebtedness, fund operations and pay dividends. Accordingly, our ability to pay dividends to our stockholders is dependent on the earnings and distributions of funds from our subsidiaries, including Generac Power Systems.

Securities Authorized for Issuance Under Equity Compensation Plans

The information required by this item will be included in our 2014 Proxy Statement and is incorporated herein by reference.

Recent Sales of Unregistered Securities

None.

Use of Proceeds from Registered Securities

Not applicable.

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