1 unchanged sentence
Issuer Purchases of Equity Securities
−Removed: The following table provides information regarding our repurchases of common stock during the three months ended June 30, 2020:
+Added: The following table provides information regarding our repurchases of common stock during the three months ended September 30, 2020:
Period Total Number of
5 unchanged sentences
Purchased Under the Program
−Removed: April 1, 2020 through April 30, 2020 — $ — — $ 112,088,000
−Removed: May 1, 2020 through May 31, 2020 — — — 112,088,000
−Removed: June 1, 2020 through June 30, 2020 715,154 (1) 29.05 — 112,088,000
+Added: July 1, 2020 through July 31, 2020 — $ — — $ 112,088,000
+Added: August 1, 2020 through August 31, 2020 — — — 112,088,000
+Added: September 1, 2020 through September 30, 2020 1,037 (1) 24.97 — 112,088,000
Total 1,037 $ 24.97 —
−Removed: (1) Pursuant to our 2005 and 2016 Equity and Performance Incentive Plans, as amended, we granted RSUs and stock options.
+Added: (1) Pursuant to our 2016 Incentive Plan, we granted RSUs.
Under the RSU arrangement, shares are issued without direct cost to the employee.
−Removed: During the three months ended June 30, 2020, 72,114 shares of RSUs vested.
+Added: During the three months ended September 30, 2020, 4,260 shares of RSUs vested.
We withheld 1,037 of these RSUs to pay the employees’ portion of the applicable minimum payroll withholding.
−Removed: Stock options have a term that may not exceed ten years and vesting is determined by the administrator of the plan.
−Removed: During the three months ended June 30, 2020, 1,049,323 stock options were exercised by means of net settlement.
−Removed: We withheld 709,341 of these stock options to cover the respective exercise price.
In 2005, our board approved a stock repurchase program authorizing us, as market and business conditions warrant, to acquire our common stock and periodically authorize additional funds for the program, with the intention of using existing cash and cash equivalents to fund these repurchases.
In February 2018, the board approved the repurchase of the Company's common stock for up to $200.0 million, in place of the remaining purchase amounts previously authorized.
−Removed: As of June 30, 2020, the maximum remaining amount authorized for purchase under the stock repurchase program was approximately $112.1 million.
+Added: As of September 30, 2020, the maximum remaining amount authorized for purchase under the stock repurchase program was approximately $112.1 million.
There is no guarantee as to the exact number of shares we will repurchase.
8 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.