Has ever done a stock split in the past?

Yes. conducted a stock split in 2013.

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How did the 4-for-1 stock split actually work?

A four-for-one split means that three shares of stock are issued for each share in existence prior to the split. After the split, each share is worth one-fourth of what it was worth immediately prior to the split.

Here’s an example:
Let’s assume that as of the Record Date (April 3, 2013) an investor owns 100 shares of common stock and let’s also assume that the market price of stock is $180 per share, so the investment in is worth $18,000. Let’s also assume that the stock price doesn’t move up or down between the record date and the time the split actually takes place. Immediately after the split, the investor would own 400 shares of stock, but the market price would be $45 per share. The investor’s total investment value in would remain the same at $18,000 until the stock price moves up or down.

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What are the effective dates of this stock split?

There are several key dates:

The Record Date is on April 3, 2013. This is the date used to determine which stockholders are entitled to receive additional shares due to the split.

The Split Date is on April 17, 2013. This is the date when shares issued as a result of the stock split are expected to be distributed by our transfer agent to our stockholders.

The Ex Date is on April 18, 2013. This is the date on which the trading price of our stock on the NYSE is adjusted to reflect the split.

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Are there any personal income tax consequences as a result of’s stock split?

There are no tax consequences to U.S. residents as a result of stock split. The tax basis of each share owned after the stock split will be one-fourth of what it was before the split. For example, if you owned 100 shares before the split with a tax basis of $180 per share, after the split you would own 400 shares of stock with a tax basis of $45 per share. Foreign residents should consult their local tax advisors.

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I currently hold my stock in certificate form. Is there anything that I need to do?

No, if you hold a certificate, there is no action that you need to take. The additional split shares were added in book entry to a Computershare account in your name. You should have received a statement from Computershare reflecting your book-entry holdings following the distribution date of April 17, 2013. You can access your account on-line at

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How do I contact the stock transfer agent?

If you have questions about the stock split, shareowner records, stock transfers, stock certificates or other stock-related inquiries please contact:

Computershare Investor Services
250 Royall Street
Canton, MA 02021
(866) 451 9844 Toll Free
(781) 575 3120 Non-U.S.

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My shares are held by a brokerage firm. How do my shares get adjusted for a stock split?

If your shares are held in a brokerage account, they split automatically on the split date. You don’t need to do anything.

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How does a stock split affect the number of common shares outstanding and the future calculation of earnings per share?

When the stock splits on a four-for-one basis, the number of shares outstanding quadruples. Earnings per share are a quarter of what they otherwise would have been as the net earnings are divided by four times as many shares.

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Who do I contact if I have more questions?

You can contact the Investor Relations team at

Phone: (415) 536-6250
Address: The Landmark @ One Market, Suite 300 San Francisco, CA 94105

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