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.

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The information concerning the number of stockholders of record at December 31, 2017, is contained in Item 6, “Summary of Selected Financial Data.”

Common stock prices and dividends

TI common stock is listed on The NASDAQ Global Select Market. The table below shows the high and low closing prices of TI common stock as reported by Bloomberg L.P. and the dividends paid per common share in each quarter during the past two years.

		Quarter
		1st		2nd		3rd		4th
Stock prices:
2017	High	$	82.20	$	84.34	$	89.65	$	104.82
	Low		72.92		76.90		76.41		89.65
2016	High		58.37		63.30		71.42		74.87
	Low		48.03		56.43		61.06		67.60
Dividends paid:
2017		$	0.50	$	0.50	$	0.50	$	0.62
2016			0.38		0.38		0.38		0.50

Issuer purchases of equity securities

The following table contains information regarding our purchases of our common stock during the fourth quarter of 2017.

							Total Number		Approximate
							of Shares		Dollar Value
							Purchased as		of Shares that
							Part of		May Yet Be
	Total						Publicly		Purchased
	Number of			Average			Announced		Under the
	Shares			Price Paid			Plans or		Plans or
Period	Purchased			per Share			Programs (1)		Programs (1)
October 1, 2017 through October 31, 2017		2,575,154		$	93.49			2,560,953	$	9.71 billion
November 1, 2017 through November 30, 2017		3,324,228			97.71			3,324,228		9.39 billion
December 1, 2017 through December 31, 2017		1,456,816			97.63			1,456,816		9.24 billion
Total		7,356,198	(2)	$	96.22	(2)		7,341,997	$	9.24 billion	(3)

(1)	All open-market purchases during the quarter were made under the authorization from our board of directors to purchase up to $7.5 billion of additional shares of TI common stock announced September 17, 2015. On September 21, 2017, our board of directors authorized the purchase of an additional $6.0 billion of our common stock.

(2)	In addition to open-market purchases, 14,201 shares of common stock were surrendered by employees to satisfy tax withholding obligations in connection with the vesting of restricted stock units.

(3)	As of December 31, 2017, this amount consisted of the remaining portion of the $7.5 billion authorized in September 2015 and the $6.0 billion authorized in September 2017. No expiration date has been specified for these authorizations.

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