QUANTA SERVICES INC, QUANTA SERVICES MANAGEMENT ...

Issuer Purchases of Equity Securities During the Fourth Quarter of 2011
The following table contains information about our purchases of equity securities during the three months
ended December 31, 2011.
Period
(a) Total Number of
Shares Purchased
(b) Average Price
Paid per Share
(c) Total Number
of Shares Purchased
as Part of Publicly
Announced Plans or
Programs
October 1, 2011 —
October 31, 2011 .......... — $ — —
November 1, 2011 —
November 30, 2011 ........ 20,239(2) $18.87 —
December 1, 2011 —
December 31, 2011 ........ — $ — —
(d) Maximum
Number (or Approximate
Dollar Value) of
Shares That May Yet be
Purchased Under the
Plans or Programs (1)
Total ................. 20,239 — $453,000
(1) During the second quarter of 2011, our board of directors approved a stock repurchase program authorizing
us to purchase, from time to time, up to $150.0 million of our outstanding common stock. These repurchases
could be made in open market transactions, in privately negotiated transactions, including block purchases,
or otherwise, at management’s discretion based on market and business conditions, applicable legal
requirements and other factors. This program, which became effective on May 9, 2011, did not obligate us
to acquire any specific amount of common stock and could continue until completed or otherwise modified
or terminated by our board of directors at any time at its sole discretion and without notice. The $150.0
million stock repurchase program was funded with cash on hand and was completed in August 2011.
(2) Represents shares purchased from employees to satisfy tax withholding obligations in connection with the
vesting of restricted stock awards pursuant to the 2007 Stock Incentive Plan.
Dividends
We have not declared any cash dividends on our common stock during the years ended December 31, 2011
or 2010, nor in any previous periods. We currently intend to retain our future earnings, if any, to finance the
growth, development and expansion of our business. Accordingly, we currently do not intend to declare or pay
any cash dividends on our common stock in the immediate future. The declaration, payment and amount of future
cash dividends, if any, will be at the discretion of our board of directors after taking into account various factors.
These factors include our financial condition, results of operations, cash flows from operations, current and
anticipated capital requirements and expansion plans, the income tax laws then in effect and the requirements of
Delaware law. In addition, as discussed in Liquidity and Capital Resources — “Debt Instruments — Credit
Facility” in Item 7. “Management’s Discussion and Analysis of Financial Condition and Results of Operations,”
our credit facility includes limitations on the payment of cash dividends without the consent of the lenders.
Performance Graph
The following Performance Graph and related information shall not be deemed “soliciting material” or to
be “filed” with the Securities and Exchange Commission, nor shall such information be incorporated by
reference into any future filing under the Securities Act of 1933 or Securities Exchange Act of 1934, each as
amended, except to the extent that we specifically incorporate it by reference into such filing.
The following graph compares, for the period from December 31, 2006 to December 31, 2011, the
cumulative stockholder return on our common stock with the cumulative total return on the Standard & Poor’s
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