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
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Our Class B Common Stock is traded on the New York Stock Exchange. Shares of our Class A, Class C and Class D Common Stock are not traded in any public market, but are each convertible into shares of our Class B Common Stock on a share-for-share basis.
The table below sets forth, for the quarters indicated, the high and low reported closing sales prices per share reported on the New York Stock Exchange for our Class B Common Stock for the years ended December 31, 2012 and 2011:
| 2012 | 2011 | |||||||
| High-Low Sales Price | High-Low Sales Price | |||||||
| Quarter: | ||||||||
| 1st | $ | 44.78-$36.82 | $ | 49.41-$42.06 | ||||
| 2nd | $ | 43.72-$37.30 | $ | 56.41-$46.13 | ||||
| 3rd | $ | 45.75-$38.25 | $ | 54.64-$34.00 | ||||
| 4th | $ | 49.46-$41.31 | $ | 42.90-$31.91 |
The number of stockholders of record as of January 31, 2013 were as follows:
| Class A Common | 23 | |||
| Class B Common | 308 | |||
| Class C Common | 3 | |||
| Class D Common | 130 |
Stock Repurchase Programs
During the period of October 1, 2012 through December 31, 2012, we repurchased the following shares:
| Additional Shares Authorized For Repurchase | Total number of shares purchased (a) | Average price paid per share for forfeited restricted shares | Total Number of shares purchased as part of publicly announced programs | Average price paid per share for shares purchased as part of publicly announced program | Aggregate purchase price paid (in thousands) | Maximum number of shares that may yet be purchased under the program | ||||||||||||||||||||
| October, 2012 | — | 7,508 | N/A | 0 | N/A | N/A | 767,702 | |||||||||||||||||||
| November, 2012 | — | 40,781 | N/A | 0 | N/A | N/A | 767,702 | |||||||||||||||||||
| December, 2012 | — | 158,582 | N/A | 0 | N/A | N/A | 767,702 | |||||||||||||||||||
| Total October through December | — | 206,871 | N/A | 0 | N/A | N/A | ||||||||||||||||||||
| (a) | Substantially all the shares repurchased during the fourth quarter of 2012 related to income tax withholding obligations resulting from the exercise of stock options. There were also 750 shares related to restricted shares that were forfeited by former employees pursuant to the terms of our restricted stock purchase plan. No shares were repurchased pursuant to our publicly announced stock repurchase program. |
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Dividends
During the two years ending December 31, 2012, dividends per share were declared and paid as follows (the fourth quarter of 2012 dividend paid includes a special dividend of $0.40 per share):
| 2012 | 2011 | |||||||
| First quarter | $ | .05 | $ | .05 | ||||
| Second quarter | $ | .05 | $ | .05 | ||||
| Third quarter | $ | .05 | $ | .05 | ||||
| Fourth quarter | $ | .45 | $ | .05 | ||||
| Total | $ | .60 | $ | .20 | ||||
Equity Compensation
Refer to Item 12, Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters, of this report for information regarding securities authorized for issuance under our equity compensation plans.
Stock Price Performance Graph
The following graph compares the cumulative total stockholder return on our common stock with the cumulative total return on the stock included in the Standard & Poor’s 500 Index and a Peer Group Index during the five year period ended December 31, 2012. The graph assumes an investment of $100 made in our common stock and each Index as of January 1, 2008 and has been weighted based on market capitalization. Note that our common stock price performance shown below should not be viewed as being indicative of future performance.
Companies in the peer group, which consist of companies in the S&P 500 Index or S&P MidCap 400 Index (in which we are also included), are as follows: Community Health Systems, Inc., Health Management Associates, LifePoint Hospitals, Inc., Tenet Healthcare Corporation and HCA Holdings, Inc. (included from March, 2011 at which time the company’s stock began publicly trading).
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COMPARISON OF FIVE YEAR CUMULATIVE TOTAL RETURN
(The Company, S&P 500 and Peer Group)
| Company Name / Index | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | ||||||||||||||||||
| Universal Health Services, Inc. | $ | 100.00 | $ | 73.83 | $ | 120.59 | $ | 172.63 | $ | 155.19 | $ | 195.62 | ||||||||||||
| S&P 500 Index | $ | 100.00 | $ | 63.00 | $ | 79.67 | $ | 91.68 | $ | 93.61 | $ | 108.59 | ||||||||||||
| Peer Group | $ | 100.00 | $ | 40.61 | $ | 107.12 | $ | 125.01 | $ | 89.10 | $ | 140.51 |
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