Telular Corporation 2001 Annual Report

ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITYAND RELATED STOCKHOLDER MATTERSMARKET PRICE OF AND DIVIDENDS ONCOMMON STOCKThe Company’s Common Stock trades publicly on the Nasdaq National Market System under the symbol WRLS.The following table sets forth the quarterly high and low sales prices for each quarter of fiscal year 2001, 2000 and 1999,as reported by Nasdaq. Such quotations reflect inter-dealer prices without retail markup, markdown or commissionsand may not necessarily represent actual transactions. All stock sales prices reflect a 1-for-4 reverse stock split whichoccurred January 27, 1999.QUARTER ENDED DURING FISCAL YEAR 2001Dec. 31 March 31 June 30 Sept. 30High $ 12.38 $ 10.81 $ 12.15 $ 10.17Low $ 4.00 $ 5.63 $ 8.00 $ 4.68QUARTER ENDED DURING FISCAL YEAR 2000Dec. 31 March 31 June 30 Sept. 30High $ 22.25 $ 32.00 $ 15.00 $ 21.50Low $ 1.00 $ 9.63 $ 5.38 $ 10.75QUARTER ENDED DURING FISCAL YEAR 1999Dec. 31 March 31 June 30 Sept. 30High $ 4.00 $ 2.65 $ 3.63 $ 3.00Low $ 2.00 $ 1.44 $ 1.56 $ 1.69On November 9, 2001, there were 375 shareholders of record, 9,410 beneficial shareholders and 12,812,665 shares ofCommon Stock outstanding. The Company has not paid any dividends since its inception and does not intendto pay any dividends on its Common Stock in the foreseeable future.RECENT SALES OF UNREGISTERED SECURITIESDuring the fiscal year ended September 30, 2001, the Company issued 8,502 shares of Common Stock to the law firmof Hamman and Benn in lieu of a cash payment of $53,791 for legal services. The Company also issued 1,173 sharesof Common Stock to the law firm of Bellows and Bellows in lieu of a cash payment of $12,763 for legal services.Each of the forgoing issuances of the Company’s Common Stock did not involve a public offering of securities, andtherefore was exempt from registration pursuant to Section 4(2) of the Securities Act of 1933, as amended.10 TELULAR CORPORATION