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
Jacobs’ common stock is listed on the NYSE and trades under the symbol JEC. We provided to the NYSE, without qualification, the required annual certification of our Chief Executive Officer regarding compliance with the NYSE’s corporate governance listing standards. The following table sets forth the low and high sales prices of a share of our common stock during each of the fiscal quarters presented, based on the NYSE Composite Price History:
| Low Sales Price | High Sales Price | |||||||
| Fiscal 2015: | ||||||||
| First quarter | $ | 39.78 | $ | 49.94 | ||||
| Second quarter | 37.87 | 45.49 | ||||||
| Third quarter | 41.68 | 48.25 | ||||||
| Fourth quarter | 36.05 | 44.64 | ||||||
| Fiscal 2014: | ||||||||
| First quarter | $ | 55.80 | $ | 64.27 | ||||
| Second quarter | 58.20 | 66.88 | ||||||
| Third quarter | 52.57 | 65.02 | ||||||
| Fourth quarter | 49.13 | 55.00 |
Shareholders
According to the records of our transfer agent, there were 1,116 shareholders of record as of November 20, 2015.
Share Repurchases
On August 19, 2014, the Board of Directors approved a program to repurchase up to $500 million of the Company's common stock over a three year period. Share repurchases may be executed through various means including, without limitation, open market transactions, privately negotiated transactions or otherwise. The share repurchase program does not oblige the Company to purchase any shares. The authorization for the share repurchase program may be terminated, increased, or decreased by the Company's Board of Directors in its discretion at any time. The timing of our share repurchases may depend upon market conditions, other uses of capital, and other factors. As of October 2, 2015, the Company exhausted the repurchase capacity under the authorization.
A summary of repurchases of our common stock each fiscal month during the fourth quarter of fiscal 2015 is as follows (in thousands, except per-share amounts):
| Period | Total Number of Shares Purchased | Average Price Paid per Share (1) | Total Numbers 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 | ||||||
| June 27 through July 24, 2015 | 404 | $ | 40.29 | 404 | $ | 532,362 | ||||
| July 25 through August 21, 2015 | 289 | 42.88 | 289 | 519,974 | ||||||
| August 22 through October 2, 2015 | 536 | 38.63 | 536 | 500,000 | ||||||
| Total | 1,229 | $ | 40.18 | 1,229 | $ | 500,000 |
| (1) | Includes commissions paid. |
On July 23, 2015, the Board of Directors approved a program to purchase up to an additional $500 million of the Company's
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common stock over the next three years. This approval was in addition to the then available capacity remaining under the Company's August 2014 $500 million share repurchase authorization. The new share repurchase authorization is subject to the same general terms and conditions as the prior share repurchase authorization summarized above.
Dividends
Our policy is to use cash flows from operations to fund future growth, pay down debt, and, subject to market conditions, repurchase common stock under a stock buy-back program approved by our Board of Directors. Accordingly, we have not paid a cash dividend since fiscal 1984. Although our Board of Directors periodically reviews and considers the merits of paying cash dividends, we currently have no plans to pay cash dividends in the foreseeable future.
Unregistered Sales of Equity Securities.
On October 14, 2013, we acquired the assets of Trompeter Enterprises, L.L.C., Motion Mekanix, Inc., Teamm Workforce, Inc., and Sims Software II, Inc. (collectively "Trompeter"); and on December 20, 2013, we acquired the assets of Stobbarts (Nuclear) Limited, for cash and shares of our common stock. In connection with these acquisitions, we issued 33,947 shares of our common stock with an aggregate value of approximately $2.0 million. No underwriters or placement agents were involved with these acquisitions.
The issuance of our common stock in the acquisition was exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act"), pursuant to Rule 506 thereof. The offer and sale of the shares of our common stock: (i) was made as part of a transaction that did not involve more than 35 purchasers, (as defined in Rule 501(e) under the Securities Act) who were either accredited investors or had such knowledge and experience in financial and business matters that such purchaser was capable of evaluating the merits and risks of acquiring shares of our common stock, and (ii) did not involve any general solicitation or general advertising.
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Performance Graph
The following graph and table shows the changes over the past five-year period in the value of $100 invested at the end of fiscal 2010 in (1) the common stock of Jacobs Engineering Group Inc., (2) the Standard & Poor’s 500 Index, and (3) the Dow Jones Heavy Construction Group Index. The values of each investment are based on share price appreciation, with reinvestment of all dividends, provided any were paid. The investments are assumed to have occurred at the beginning of the period presented. The stock performance included in this graph is not necessarily indicative of future stock price performance.

| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | |||||||||||||
| Jacobs Engineering Group Inc. | 100.00 | 83.44 | 104.47 | 150.34 | 126.15 | 96.72 | ||||||||||||
| S&P 500 | 100.00 | 101.14 | 131.69 | 157.17 | 188.18 | 187.02 | ||||||||||||
| Dow Jones US Heavy Construction | 100.00 | 87.48 | 115.38 | 145.34 | 138.73 | 103.03 |
Note: The above information was provided by Research Data Group, Inc.
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