STRYKER

2016 FORM 10-K

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STRYKER CORPORATION 2016 Form 10-K Dollar amounts in millions except per share amounts or as otherwise specified. 7 PART II ITEM 5. MARKET FOR THE REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES. Our common stock is traded on the New York Stock Exchange under the symbol SYK. Quarterly Stock Price and Dividend Information 2016 Quarter Mar 31 Jun 30 Sep 30 Dec 31 Dividends declared per share of common stock $ 0.380 $ 0.380 $ 0.380 $ 0.425 Market price of common stock: High $ 107.95 $ 119.83 $ 123.55 $ 121.84 Low $ 86.68 $ 106.26 $ 109.75 $ 106.48 2015 Quarter Dividends declared per share of common stock $ 0.345 $ 0.345 $ 0.345 $ 0.380 Market price of common stock: High $ 96.18 $ 97.94 $ 105.34 $ 100.51 Low $ 89.81 $ 90.19 $ 91.73 $ 90.30 Our Board of Directors considers payment of cash dividends at its quarterly meetings. On January 31, 2017 there were 2,988 shareholders of record of our common stock. In 2016 shares repurchased at the end of 2015 totaling 135 thousand were settled at a cost of $13. The manner, timing and amount of repurchases is determined by management based on an evaluation of market conditions, stock price and other factors and is subject to regulatory considerations. Purchases are made from time-to-time in the open market, in privately negotiated transactions or otherwise. On December 31, 2016 the total dollar value of shares that could be purchased under our authorized repurchase programs was $1,870. We issued 100 shares of our common stock in the fourth quarter of 2016 as a performance incentive award to an employee. These shares were not registered under the Securities Act of 1933 based on the conclusion that the awards would not be events of sale within the meaning of Section 2(a)(3) of the Act. The following graph compares our total returns (including reinvestments of dividends) against the Standard & Poor's (S&P) 500 Index and the S&P 500 Health Care Index. The graph assumes $100 (not in millions) invested on December 31, 2011 in our common stock and each of the indices. Company / Index 2011 2012 2013 2014 2015 2016 Stryker Corporation $100.00 $112.09 $156.14 $198.93 $198.97 $259.99 S&P 500 Index $100.00 $116.00 $153.57 $174.60 $177.01 $198.18 S&P 500 Health Care Index $100.00 $117.89 $166.76 $209.02 $223.42 $217.41

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