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.
Our Series A common stock, Series B common stock and Series C common stock are listed and traded on The Nasdaq Global Select Market (“NASDAQ”) under the symbols “DISCA,” “DISCB” and “DISCK,” respectively.
As of February 8, 2021, there were approximately 1,106, 64 and 1,629 record holders of our Series A common stock, Series B common stock and Series C common stock, respectively. These amounts do not include the number of shareholders whose shares are held of record by banks, brokerage houses or other institutions, but include each such institution as one shareholder.
We have not paid any cash dividends on our Series A common stock, Series B common stock or Series C common stock, and we have no present intention to do so. Payment of cash dividends, if any, will be determined by our Board of Directors after consideration of our earnings, financial condition and other relevant factors such as our credit facility's restrictions on our ability to declare dividends in certain situations.
Stock Performance Graph
The following graph sets forth the cumulative total shareholder return on our Series A common stock, Series B common stock and Series C common stock as compared with the cumulative total return of the companies listed in the Standard and Poor’s 500 Stock Index (“S&P 500 Index”) and a peer group of companies (the "Peer Group"). The Peer Group is comprised of The Walt Disney Company, ViacomCBS, Inc. Class B common stock, Fox Corporation Class A common stock and AMC Networks Inc. Class A common stock. The graph assumes $100 originally invested on December 31, 2015 in each of our Series A common stock, Series B common stock and Series C common stock, the S&P 500 Index, and the stocks of the Peer Group, including reinvestment of dividends, for the years ended December 31, 2016, 2017, 2018, 2019 and 2020.
December 31,
2015 December 31,
2016 December 31, 2017 December 31, 2018 December 31, 2019 December 31, 2020
DISCA $ 100.00 $ 102.74 $ 83.89 $ 92.74 $ 122.73 $ 112.79
DISCB $ 100.00 $ 107.84 $ 91.75 $ 123.94 $ 134.15 $ 119.87
DISCK $ 100.00 $ 106.19 $ 83.94 $ 91.51 $ 120.90 $ 103.85
S&P 500 $ 100.00 $ 111.96 $ 136.40 $ 130.42 $ 171.49 $ 203.04
Peer Group $ 100.00 $ 103.66 $ 107.06 $ 107.22 $ 138.63 $ 164.87
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Recent Sales of Unregistered Securities
On December 21, 2020, we issued 1,340,954 shares of our Series A common stock in a private transaction exempt from registration under Section 4(a)(2) of the Securities Act to Harpo, Inc. (“Harpo”) in exchange for a portion of Harpo’s equity interest in our consolidated subsidiary OWN LLC (“OWN LLC”), a joint venture between Harpo and our wholly-owned indirect subsidiary, Discovery Communications LLC. We received aggregate consideration valued at approximately $35 million in the form of a portion of Harpo’s equity in OWN LLC.
Purchases of Equity Securities
The following table presents information about our repurchases of common stock that were made through open market transactions during the three months ended December 31, 2020 (in millions, except per share amounts).
Period Total Number
of Series C Shares
Purchased Average
Price
Paid per
Share: Series C (a)
Total Number
of Shares
Purchased as
Part of Publicly
Announced
Plans or
Programs Approximate
Dollar Value of
Shares that May
Yet Be Purchased
Under the Plans or Programs
October 1, 2020 - October 31, 2020 7,116,503 $ 19.01 7,116,503 $ 1,477,152,160
November 1, 2020 - November 30, 2020 3,808,891 $ 20.41 3,808,891 $ 1,399,423,245
December 1, 2020 - December 31, 2020 — $ — — $ 1,399,423,245
Total 10,925,394 10,925,394
(a) The amounts do not give effect to any fees, commissions or other costs associated with repurchases of shares.
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