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 REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
Our common stock trades on the following exchanges under the symbol WY:
| • | New York Stock Exchange and |
| • | Chicago Stock Exchange |
As of December 31, 2015, there were 7,700 holders of record of our common shares. Dividend-per-share data and the range of closing market prices for our common stock for each of the four quarters in 2015 and 2014 are included in Note 22: Selected Quarterly Financial Information (unaudited) in the Notes to Consolidated Financial Statements.
INFORMATION ABOUT SECURITIES AUTHORIZED FOR ISSUANCE UNDER OUR EQUITY COMPENSATION PLAN
| NUMBER OF SECURITIES TO BE ISSUED UPON EXERCISE OF OUTSTANDING OPTIONS, WARRANTS AND RIGHTS | WEIGHTED AVERAGE EXERCISE PRICE OF OUTSTANDING OPTIONS, WARRANTS AND RIGHTS | NUMBER OF SECURITIES REMAINING AVAILABLE FOR FUTURE ISSUANCE UNDER EQUITY COMPENSATION PLANS (EXCLUDING SECURITIES TO BE ISSUED UPON EXERCISE) | |||||
| Equity compensation plans approved by security holders(1) | 14,935,316 | $ | 22.74 | 17,317,903 | |||
| Equity compensation plans not approved by security holders | N/A | N/A | N/A | ||||
| Total | 14,935,316 | $ | 22.74 | 17,317,903 | |||
| (1) Includes 1,104,621 restricted stock units and 685,535 performance share units. Because there is no exercise price associated with restricted stock units and performance share units, excluding these stock units the weighted average exercise price calculation would be $25.83. |
WEYERHAEUSER COMPANY > 2015 ANNUAL REPORT AND FORM 10-K 33
INFORMATION ABOUT COMMON STOCK REPURCHASES DURING 2015
| TOTAL NUMBER OF SHARES (OR UNITS) PURCHASED | AVERAGE PRICE PAID PER SHARE (OR UNIT) | TOTAL NUMBER OF SHARES (OR UNITS) PURCHASED AS PART OF PUBLICLY ANNOUNCED PLANS OF PROGRAMS | MAXIMUM NUMBER (OR APPROXIMATE DOLLAR VALUE) OF SHARES (OR UNITS) THAT MAY YET BE PURCHASED UNDER THE PLANS OR PROGRAMS(1)(2) | |||||||
| Common Stock Repurchases During First Quarter: | ||||||||||
| January | 228,429 | $ | 35.85 | 228,429 | $ | 488,348,381 | ||||
| February | 3,038,219 | $ | 35.21 | 3,038,219 | $ | 381,369,837 | ||||
| March | 4,074,918 | $ | 33.69 | 4,074,918 | $ | 244,089,600 | ||||
| Total repurchases during first quarter | 7,341,566 | $ | 34.39 | 7,341,566 | $ | 244,089,600 | ||||
| Common Stock Repurchases During Second Quarter: | ||||||||||
| April | 1,949,315 | $ | 31.84 | 1,949,315 | $ | 182,017,591 | ||||
| May | 1,570,276 | $ | 31.81 | 1,570,276 | $ | 132,064,000 | ||||
| June | 1,322,926 | $ | 31.76 | 1,322,926 | $ | 90,047,982 | ||||
| Total repurchases during second quarter | 4,842,517 | $ | 31.81 | 4,842,517 | $ | 90,047,982 | ||||
| Common Stock Repurchases During Third Quarter: | ||||||||||
| July | — | — | — | $ | 90,047,982 | |||||
| August | 145,720 | $ | 28.00 | 145,720 | $ | 585,967,414 | ||||
| September | 3,112,428 | $ | 27.56 | 3,112,428 | $ | 500,190,226 | ||||
| Total repurchases during third quarter | 3,258,148 | $ | 27.58 | 3,258,148 | $ | 500,190,226 | ||||
| Common Stock Repurchases During Fourth Quarter: | ||||||||||
| October | 616,265 | $ | 28.76 | 616,265 | $ | 482,469,449 | ||||
| November | 130,930 | $ | 30.75 | 130,930 | $ | 478,442,984 | ||||
| December | — | $ | — | — | $ | 478,442,984 | ||||
| Total repurchases during fourth quarter | 747,195 | $ | 29.11 | 747,195 | $ | 478,442,984 | ||||
| Total common stock repurchases during 2015 | 16,189,426 | $ | 32.00 | 16,189,426 | $ | 478,442,984 | ||||
| (1) On August 13, 2014, our board of directors approved a stock repurchase program under which we were authorized to repurchase up to $700 million of outstanding shares (the 2014 Repurchase Program). The 2014 stock repurchase program replaced the prior 2011 stock repurchase program. During 2014, we repurchased $203 million of outstanding shares under the 2014 Repurchase Program. During 2015, we completed the 2014 Repurchase Program by purchasing $497 million of outstanding shares. All common stock purchases under the stock repurchase program were made in open-market transactions. (2) On August 27, 2015, our board of directors approved a new share repurchase program of up to $500 million of outstanding shares (the 2015 Repurchase Program), commencing upon completion of the 2014 Repurchase Program. During 2015, we repurchased $22 million of outstanding shares under the 2015 Repurchase Program. All common stock purchases under the stock repurchase program were made in open-market transactions. |
WEYERHAEUSER COMPANY > 2015 ANNUAL REPORT AND FORM 10-K 34
COMPARISON OF FIVE-YEAR CUMULATIVE TOTAL SHAREHOLDER RETURN
Weyerhaeuser Company, S&P 500 and S&P Global Timber & Forestry Index
PERFORMANCE GRAPH ASSUMPTIONS
| • | Assumes $100 invested on December 31, 2010 in Weyerhaeuser common stock, the S&P 500 Index and the S&P Global Timber & Forestry Index. |
| • | Total return assumes dividends received are reinvested at month end. |
| • | Measurement dates are the last trading day of the calendar year shown. |
WEYERHAEUSER COMPANY > 2015 ANNUAL REPORT AND FORM 10-K 35
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