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FORM 10-K - Harman

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Part II<br />

Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of<br />

Equity Securities<br />

Our common stock is listed on the New York Stock Exchange and is reported on the New York Stock<br />

Exchange Composite Tape under the symbol HAR. As of August 18, 2009, there were approximately 127 record<br />

holders of our common stock.<br />

The table below sets forth the reported high and low sales prices for our common stock, as reported on the<br />

New York Stock Exchange, for each quarterly period for fiscal years ended June 30, 2009 and 2008.<br />

Years Ended June 30,<br />

2009 2008<br />

Market Price High Low High Low<br />

First quarter ended September 30 ................................. $44.69 $29.92 $118.15 $75.52<br />

Second quarter ended December 31 ............................... 34.00 9.87 89.64 69.48<br />

Third quarter ended March 31 .................................... 21.19 9.17 73.75 35.74<br />

Fourth quarter ended June 30 .................................... 23.38 13.03 46.90 37.60<br />

We paid cash dividends during fiscal year 2009 of $.025 per share, with a dividend of $.0125 paid in the<br />

first and second quarters. We indefinitely suspended payment of the cash dividend in the third quarter of fiscal<br />

year 2009. We paid cash dividends during fiscal year 2008 of $.05 per share, with a dividend of $.0125 per share<br />

paid in each quarter.<br />

The following table provides information about shares acquired from employees during the fourth quarter of<br />

fiscal year 2009 in connection with the surrender of shares to pay option exercise prices.<br />

Period<br />

Total Number<br />

of Shares<br />

Acquired<br />

During<br />

Period<br />

Average Price<br />

Paid Per Share<br />

Total Number of<br />

Shares Purchased as<br />

Part of Publicly<br />

Announced Plans or<br />

Programs<br />

Maximum Number<br />

of Shares That May<br />

Yet Be Purchased<br />

Under the Plans or<br />

Programs<br />

April 1 – April 30 ..................... — — — —<br />

May1–May31...................... — — — —<br />

June 1 – June 30 ...................... — — — —<br />

Total ............................... — — — —<br />

Since inception of our share repurchase program in June 1998 and through September 30, 2007, we had<br />

acquired and placed in treasury a total of 18,198,082 shares of our common stock at a cost of $639.6 million. Our<br />

program was suspended upon the announcement in April 2007 of our proposed merger with a company formed<br />

by investment funds affiliated with Kohlberg Kravis Roberts & Co. L.P. (“KKR”), GS Capital Partners VI Fund,<br />

L.P. and its related funds, which are sponsored by Goldman, Sachs & Co. (“GSCP”). On October 22, 2007, we<br />

announced the termination of our agreement with KKR and GSCP and companies formed by investment funds<br />

affiliated with KKR and GSCP. In connection with the termination agreement, we entered into a note purchase<br />

agreement under which we sold $400 million aggregate principal amount of our 1.25 percent Convertible Notes<br />

due 2012 (the “Notes”) to affiliates of KKR, GSCP, Citibank, N.A. and HSBC USA, Inc. On October 30, 2007,<br />

we used the proceeds from the issuance and sale of the Notes to repurchase 4,775,549 shares of our Company’s<br />

common stock at a cost of $400.3 million. We received an additional 2,449,230 shares upon settlement of the<br />

October 2007 repurchase. The total number of shares purchased and retired as a result of the October 2007<br />

repurchase was 7,224,779. The total number of shares repurchased through June 30, 2009 was 25,599,817.<br />

For a description of limitations on repurchases of shares and on the payment of dividends, see<br />

“Management’s Discussion and Analysis of Financial Condition and Results of Operations—Financial<br />

Condition” located in Item 7 of Part II of this report.<br />

22

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