NOTE 15 — COMMON STOCK

As of June 30, 2015, the Company’s authorized common stock consists of 1,300 million shares of Class A Common Stock, par value $.01 per share, and 304 million shares of Class B Common Stock, par value $.01 per share. Class B Common Stock is convertible into Class A Common Stock, in whole or in part, at any time and from time to time at the option of the holder, on the basis of one share of Class A Common Stock for each share of Class B Common Stock converted. Holders of the Company’s Class A Common Stock are entitled to one vote per share and holders of the Company’s Class B Common Stock are entitled to ten votes per share.

Information about the Company’s common stock outstanding is as follows:

(Shares in thousands)	Class A		Class B
Balance at June 30, 2012	237,119.5		151,778.1
Acquisition of treasury stock	(6,718.8	)	—
Conversion of Class B to Class A	2,800.0		(2,800.0	)
Stock-based compensation	5,815.5		—

Balance at June 30, 2013	239,016.2		148,978.1
Acquisition of treasury stock	(9,602.2	)	—
Conversion of Class B to Class A	250.0		(250.00	)
Stock-based compensation	4,492.4		—

Balance at June 30, 2014	234,156.4		148,728.1
Acquisition of treasury stock	(12,397.1	)	—
Conversion of Class B to Class A	1,682.0		(1,682.0	)
Stock-based compensation	4,394.9		—

Balance at June 30, 2015	227,836.2		147,046.1

The Company is authorized by the Board of Directors to repurchase up to 216.0 million shares of Class A Common Stock in the open market or in privately negotiated transactions, depending on market conditions and other factors. As of June 30, 2015, the cumulative total of acquired shares pursuant to the authorization was 187.6 million, reducing the remaining authorized share repurchase balance to 28.4 million. Subsequent to June 30, 2015 and as of August 14, 2015, the Company purchased approximately 2.0 million additional shares of Class A Common Stock for $175.0 million pursuant to its share repurchase program.

The following is a summary of cash dividends declared per share on the Company’s Class A and Class B Common Stock during the year ended June 30, 2015:

Date Declared	Record Date	Payable Date	Amount per Share

August 14, 2014	August 29, 2014	September 15, 2014	$.20
November 3, 2014	November 28, 2014	December 15, 2014	$.24
February 4, 2015	February 27, 2015	March 16, 2015	$.24
May 4, 2015	May 29, 2015	June 15, 2015	$.24

On August 14, 2015, a dividend was declared in the amount of $.24 per share on the Company’s Class A and Class B Common Stock. The dividend is payable in cash on September 15, 2015 to stockholders of record at the close of business on August 31, 2015.