Item 5. Market for Registrant’s Common Equity
ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
Stock Market and Other Information
Our Common Stock is traded on The Nasdaq Global Select Market under the symbol “OSIS.”
As of August 18, 2021, there were approximately 102 holders of record of our Common Stock. This number does not include beneficial owners holding shares through nominees or in “street” name.
Issuer Purchases of Equity Securities
The following table contains information about the shares of common stock we purchased during the quarter ended June 30, 2021:
Maximum number (or
approximate dollar
value) of
Total number of
shares (or
shares (or units)
units)
purchased as
that may
Total number of
Average price
part of publicly
yet be purchased
shares (or units)
paid per share (or
announced plans or
under the plans or
Purchased
unit)
programs
programs (1)
April 1 to April 30, 2021
—
$
—
—
2,677,412
May 1 to May 31, 2021
92,690
95.37
92,690
2,584,722
June 1 to June 30, 2021
36,727
97.41
36,727
2,547,995
129,417
95.95
129,417
(1)
In April 2020, the Board of Directors authorized a share repurchase program of up to 1,000,000 shares of common stock. In August 2020, the Board of Directors increased the maximum number of shares to 3,000,000 shares authorized under the stock repurchase program. Upon repurchase, the shares are restored to the status of authorized but unissued shares, and we record them as a reduction in the number of shares of common stock issued and outstanding in our consolidated financial statements.
The following table provides information concerning our equity compensation plans as of June 30, 2021.
Number of securities
remaining available for
Number of securities to
Weighted ‑ average
future issuance under
be issued upon exercise
exercise price of
equity compensation
of outstanding options,
outstanding options,
plans (excluding securities
Plan category
warrants and rights
warrants and rights
reflected in column (a))
(a)
(b)
(c)
Equity compensation plans approved by security holders (1)
255,220
$
50.24
2,061,345(2)(3)(4)
Equity compensation plans not approved by security holders
—
N/A
—
Total
255,220
$
50.24
2,061,345
(1) Includes shares of our Common Stock issuable upon exercise of options under our 2006 Equity Participation Plan and our Amended and Restated 2012 Incentive Award Plan.
(2) These shares are available for future issuance under our Amended and Restated 2012 Incentive Award Plan, which was approved by our shareholders on December 10, 2020.
(3) Awards of restricted stock units or other awards that convey the full value of the shares subject to the award are counted as 1.87 shares for every one award granted.
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(4) Shares subject to awards outstanding under the 2006 Equity Participation Plan that terminate, expire or lapse for any reason also become available for future issuance under our Amended and Restated 2012 Incentive Award Plan.
Performance Graph
The graph below compares the cumulative total stockholder return for the period beginning on the market close on the last trading day before the beginning of our fifth preceding fiscal year through and including the end of our last completed fiscal year with (a) The Nasdaq Composite Index and (b) a peer group of publicly-traded issuer(s) with which we have generally competed.
The peer group includes the following companies: Conmed Corp, Leidos Holdings Inc., Smiths Group Plc.
The graph assumes that $100.00 was invested on June 30, 2016 in (a) our Common Stock, (b) The Nasdaq Composite Index, and (c) the companies comprising the peer group described above (weighted according to the issuer’s stock market capitalization at the beginning of each period for which a return is indicated). The graph assumes that all dividends were reinvested. Historical stock price performance is not necessarily indicative of future stock price performance.
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This performance graph shall not be deemed “filed” for purposes of Section 18 of the Exchange Act, or incorporated by reference into any Company filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
The following table provides the same information in tabular form as of June 30:
2016
2017
2018
2019
2020
2021
OSI Systems, Inc.
100.00
129.28
133.03
193.76
128.40
174.85
The Nasdaq Composite Index
100.00
128.30
158.57
170.91
216.96
315.10
Peer Group
100.00
138.66
161.37
186.10
194.56
240.24
ITEM 6. [RESERVED]
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