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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

Our Class A common stock and Class B common stock trade on the New York Stock Exchange under the symbols "TAP.A" and "TAP," respectively. In addition, the Class A exchangeable shares and Class B exchangeable shares of our indirect subsidiary, Molson Coors Canada Inc., trade on the Toronto Stock Exchange under the symbols "TPX.A" and "TPX.B," respectively. The Class A and B exchangeable shares are a means for shareholders to defer tax in Canada and have substantially the same economic and voting rights as the respective common shares. The exchangeable shares can be exchanged for our Class A or B common stock at any time and at the exchange ratios described in the Merger documents, and receive the same dividends. At the time of exchange, shareholders' taxes are due. The exchangeable shares have voting rights through special voting shares held by a trustee.

The approximate number of record security holders by class of stock at February 9, 2017, is as follows:

Title of classNumber of record security holders
Class A common stock, $0.01 par value22
Class B common stock, $0.01 par value2,771
Class A exchangeable shares, no par value231
Class B exchangeable shares, no par value2,431

The following table sets forth the high and low sales prices per share of our Class A common stock for each quarter of 2016 and 2015 as reported by the New York Stock Exchange, as well as dividends paid in such quarter.

HighLowDividends
2016
First quarter$93.87$81.97$0.41
Second quarter$103.78$91.85$0.41
Third quarter$110.17$91.86$0.41
Fourth quarter$109.99$95.07$0.41
2015
First quarter$94.50$78.75$0.41
Second quarter$88.26$71.00$0.41
Third quarter$83.84$65.50$0.41
Fourth quarter$96.00$78.50$0.41

The following table sets forth the high and low sales prices per share of our Class B common stock for each quarter of 2016 and 2015 as reported by the New York Stock Exchange, as well as dividends paid in such quarter.

HighLowDividends
2016
First quarter$97.00$80.78$0.41
Second quarter$104.15$91.17$0.41
Third quarter$111.24$89.40$0.41
Fourth quarter$112.19$94.10$0.41
2015
First quarter$78.92$71.49$0.41
Second quarter$79.14$69.70$0.41
Third quarter$85.29$64.40$0.41
Fourth quarter$95.74$78.17$0.41

The following table sets forth the high and low sales prices per share of our Class A exchangeable shares for each quarter of 2016 and 2015 as reported by the Toronto Stock Exchange, as well as dividends paid in such quarter.

HighLowDividends
2016
First quarterCAD126.34CAD116.00$0.41
Second quarterCAD130.84CAD121.82$0.41
Third quarterCAD137.84CAD120.00$0.41
Fourth quarterCAD140.00CAD128.20$0.41
2015
First quarterCAD94.75CAD85.01$0.41
Second quarterCAD99.08CAD88.85$0.41
Third quarterCAD110.60CAD88.20$0.41
Fourth quarterCAD125.64CAD113.03$0.41

The following table sets forth the high and low sales prices per share of our Class B exchangeable shares for each quarter of 2016 and 2015 as reported by the Toronto Stock Exchange, as well as dividends paid in such quarter.

HighLowDividends
2016
First quarterCAD129.87CAD114.90$0.41
Second quarterCAD133.94CAD118.13$0.41
Third quarterCAD145.51CAD120.02$0.41
Fourth quarterCAD147.85CAD125.01$0.41
2015
First quarterCAD98.25CAD84.95$0.41
Second quarterCAD99.98CAD86.79$0.41
Third quarterCAD112.28CAD86.14$0.41
Fourth quarterCAD132.44CAD103.56$0.41

PERFORMANCE GRAPH

The following graph compares our cumulative total stockholder return over the last five fiscal years with the Standard and Poor's 500 Index® ("S&P 500") and a customized index including MCBC, ABI, Carlsberg, Heineken and Asahi (the "Peer Group"). We have used a weighted-average based on market capitalization to determine the return for the Peer Group. The graph assumes $100 was invested on December 31, 2011 (the last trading day of our 2011 fiscal year) in our Class B common stock, the S&P 500 and the Peer Group, and assumes reinvestment of all dividends. SABMiller was included in the Peer Group in previous filings; however, SABMiller was removed from the Peer Group because it was acquired by ABI in October 2016, and SABMiller is no longer a public company. The below is provided for informational purposes and is not indicative of future performance.

a5yearcharta02.jpg

201120122013201420152016
Molson Coors$100.00$101.14$133.88$181.68$233.89$246.43
S&P 500$100.00$114.07$147.26$167.41$169.70$185.89
Peer Group$100.00$138.51$162.24$199.87$251.93$234.26

Dividends

As a result of the Acquisition, we plan to maintain our current quarterly dividend of $0.41 per share as we pay down debt, and we will revisit our dividend policy once deleveraging is well underway.

Issuer Purchases of Equity Securities

In February 2015, we announced that our board of directors approved and authorized a new program to repurchase up to $1.0 billion of our Class A and Class B common stock. As a result of the Acquisition, we suspended the share repurchase program and thus, there were no shares of Class A or Class B common stock repurchased in 2016. Under the program, shares may be repurchased in privately negotiated and/or open market transactions, including under plans complying with Rule

10b5-1 under the Exchange Act. The number, price and timing of the repurchases will be at the Company’s sole discretion and will be evaluated depending on market conditions, liquidity needs or other factors. The Company’s board of directors may suspend, modify or terminate the share repurchase program at any time without prior notice.

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