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.
On December 26, 2012, the remaining outstanding shares of our Class A, Class B, and Class C common stock were converted into Class P shares and as of December 31, 2012 only our Class P common stock was outstanding. Our Class P common stock is listed for trading on the NYSE under the symbol “KMI.” During the period that our Class A, Class B, and Class C common stock was outstanding, none were traded on a public trading market. The high and low sale prices per Class P share as reported on the NYSE and the dividends declared per share by period for 2014, 2013 and 2012, are provided below.
| Price Range | Declared Cash Dividends(a) | ||||||||||
| Low | High | ||||||||||
| 2014 | |||||||||||
| First Quarter | $ | 30.81 | $ | 36.45 | $ | 0.42 | |||||
| Second Quarter | 32.10 | 36.50 | 0.43 | ||||||||
| Third Quarter | 35.20 | 42.49 | 0.44 | ||||||||
| Fourth Quarter | 33.25 | 43.18 | 0.45 | ||||||||
| 2013 | |||||||||||
| First Quarter | $ | 35.74 | $ | 38.80 | $ | 0.38 | |||||
| Second Quarter | 35.52 | 41.49 | 0.40 | ||||||||
| Third Quarter | 34.54 | 40.45 | 0.41 | ||||||||
| Fourth Quarter | 32.30 | 36.68 | 0.41 | ||||||||
| 2012 | |||||||||||
| First Quarter | $ | 31.76 | $ | 39.25 | $ | 0.32 | |||||
| Second Quarter | 30.51 | 40.25 | 0.35 | ||||||||
| Third Quarter | 32.03 | 36.63 | 0.36 | ||||||||
| Fourth Quarter | 31.93 | 36.50 | 0.37 |
| (a) | Dividend information is for dividends declared with respect to that quarter. Generally, our declared dividends are paid on or about the 16th day of each February, May, August and November. |
As of February 2, 2015, we had 12,483 holders of our Class P common stock, which does not include beneficial owners whose shares are held by a clearing agency, such as a broker or bank.
For information on our equity compensation plans, see Note 9 “Share-based Compensation and Employee Benefits—Share-based Compensation—Kinder Morgan, Inc.” to our consolidated financial statements.
| Our Purchases of Our Class P Shares and Warrants | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Period | Total number of securities purchased | Average price paid per security | Total number of securities purchased as part of publicly announced plans | Maximum number (or approximate dollar value) of securities that may yet be purchased under the plans or programs(a) | ||||||||||
| October 1 to October 31, 2014 | — | $ | — | — | $ | 2,452,606 | ||||||||
| November 1 to November 30, 2014 | — | $ | — | — | $ | 2,452,606 | ||||||||
| December 1 to December 31, 2014 | — | $ | — | — | $ | 2,452,606 | ||||||||
| $ | 2,452,606 |
| (a) | Remaining amount available under a $100 million share and warrant repurchase program approved by our board of directors on March 4, 2014. |
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