ITEM 5.
Market for 3Com Corporation's Common Stock and Related Stockholder Matters
Fiscal 2002
|
|
High
|
|
Low
|
|
Fiscal 2001
|
|
High
|
|
Low
|
|
First Quarter
|
|
$
|
5.66
|
|
$
|
4.11
|
|
First Quarter
|
|
$
|
17.94
|
|
$
|
9.65
|
|
Second Quarter
|
|
|
4.80
|
|
|
3.45
|
|
Second Quarter
|
|
|
20.69
|
|
|
12.25
|
|
Third Quarter
|
|
|
6.85
|
|
|
4.66
|
|
Third Quarter
|
|
|
13.38
|
|
|
7.13
|
|
Fourth Quarter
|
|
|
6.48
|
|
|
5.17
|
|
Fourth Quarter
|
|
|
7.16
|
|
|
4.55
|
Our
common stock has been traded on the Nasdaq Stock Market under the symbol COMS since our initial public offering on March 21, 1984. The preceding table sets forth the high and low closing
sales prices as reported on the Nasdaq Stock Market during the last two years. As of July 26, 2002, we had approximately 5,333 stockholders of record. We have not paid and do not anticipate
that we will pay cash dividends on our common stock.
On
July 27, 2000, we distributed to our stockholders in the form of a stock dividend 1.4832 shares of Palm for each outstanding share of 3Com common stock. The stock prices presented above are
restated stock prices and reflect the distribution of our ownership in Palm to our stockholders.
26
SECURITIES AUTHORIZED FOR ISSUANCE UNDER EQUITY COMPENSATION PLANS
The following table summarizes our equity compensation plans as of May 31, 2002:
(Shares in thousands)
|
|
Number of securities to be issued upon exercise of options
|
|
Weighted average exercise price of outstanding options
|
|
Number of securities remaining available for future issuance under equity compensation plans (excluding securities reflected in
1
st
column)
|
|
Equity compensation plans approved by stockholders
|
|
26,613
|
|
$
|
7.82
|
|
37,499
|
|
Equity compensation plans not approved by stockholders
|
|
84,489
|
|
|
7.07
|
|
72,026
|
|
|
|
|
|
|
|
|
|
Total
|
|
111,102
|
|
$
|
7.25
|
|
109,525
|
|
|
|
|
|
|
|
|
Options
issued and available for future issuance outside of the stockholder-approved plans have been issued primarily under the 1994 Stock Option Plan, as amended, whose features are substantially
similar to those of the stockholder-approved plans. Also, additional options have been issued outside of stockholder-approved plans arising from the assumptions of options in connection with
acquisitions. No additional options are available for future issuance under plans assumed from acquisitions.
During
the period from June 1, 2002 through July 26, 2002, we have granted an additional 11.6 million stock options at an average price of $4.49 per share.
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