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
Market for our Class A Common Stock
Our Class A common stock commenced trading under the symbol “SBAC” on The NASDAQ National Market System on June 16, 1999. We now trade on the NASDAQ Global Select Market, a segment of the NASDAQ Global Market, formally known as the NASDAQ National Market System.
The following table presents the high and low sales price for our Class A common stock for the periods indicated:
| High | Low | |||||
| Quarter ended December 31, 2014 | $ | 122.79 | $ | 103.83 | ||
| Quarter ended September 30, 2014 | $ | 114.37 | $ | 99.70 | ||
| Quarter ended June 30, 2014 | $ | 102.57 | $ | 87.03 | ||
| Quarter ended March 31, 2014 | $ | 99.64 | $ | 87.29 | ||
| Quarter ended December 31, 2013 | $ | 92.21 | $ | 76.77 | ||
| Quarter ended September 30, 2013 | $ | 80.65 | $ | 71.10 | ||
| Quarter ended June 30, 2013 | $ | 82.31 | $ | 70.55 | ||
| Quarter ended March 31, 2013 | $ | 74.04 | $ | 66.68 |
As of February 19, 2015, there were 85 record holders of our Class A common stock.
Dividends
We have never paid a dividend on any class of common stock and anticipate that we will retain future earnings, if any, to fund the development and growth of our business. Consequently, we do not anticipate paying cash dividends on our Class A common stock in the foreseeable future. In addition, our ability to pay dividends is limited by the terms of our debt instruments.
Equity Compensation Plan
| Equity Compensation Plan Information | ||||||||||
| (in thousands except exercise price) | ||||||||||
| Number of Securities | ||||||||||
| Number of Securities | Weighted Average | Remaining Available for | ||||||||
| to be Issued | Exercise Price | Future Issuance Under | ||||||||
| Upon Exercise of | of Outstanding | Equity Compensation Plans | ||||||||
| Outstanding Options, | Options, Warrants | (Excluding Securities | ||||||||
| Warrants and Rights | and Rights | Reflected in first column (a)) | ||||||||
| (a) | (b) | (c) | ||||||||
| Equity compensation plans approved by | ||||||||||
| security holders | ||||||||||
| 2001 Plan | 507 | $ | 28.39 | — | (2) | |||||
| 2010 Plan | 3,065 | (1) | $ | 66.77 | (1) | 11,290 | ||||
| Equity compensation plans not approved by | ||||||||||
| security holders | — | — | ||||||||
| Total | 3,572 | $ | 61.33 | 11,290 |
(1)Included in the number of securities in column (a) is 295,093 restricted stock units, which have no exercise price. The weighted average exercise price of outstanding options, warrants and rights (excluding restricted stock units) is $73.89.
(2)This plan has been terminated, and we are no longer eligible to issue shares pursuant to the plan.
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