UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
−Removed: There were no stock repurchases during the three months ended March 31, 2021.
−Removed: As of March 31, 2021, we have $100.0 million available for repurchase under the $600.0 million repurchase program authorized by our Board of Directors in May 2018.
−Removed: Subsequent to the first quarter, on April 30, 2021, we entered into an accelerated stock repurchase agreement (“2021 ASR”) to repurchase $100.0 million of our common stock.
−Removed: We paid $100.0 million on May 3, 2021 and received an initial delivery of approximately 0.1 million shares based on current market prices.
+Added: Unregistered Sales of Equity Securities
+Added: Purchases of Equity Securities by the Issuer and Affiliated Purchasers
+Added: The following table summarizes the stock repurchase activity for the three months ended June 30, 2021:
+Added: Period Total Number of Shares Repurchased Average Price Paid per Share Total Number of Shares Repurchased as Part of Publicly Announced Programs Approximate Dollar Value of Shares that May Yet Be Repurchased Under the Programs (1)
+Added: April 1, 2021 through April 30, 2021 — $ — — $ 100,000,000
+Added: May 1, 2021 through May 31, 2021 277,314 $ 576.96 277,314 $ 900,000,000
+Added: June 1, 2021 through June 30, 2021 — $ — — $ —
+Added: Total 277,314 277,314
+Added: (1) Stock Repurchase Programs:
+Added: ◦ May 2018 Repurchase Program.
+Added: In April 2021, we entered into an accelerated stock repurchase agreement ("ASR") to repurchase $100.0 million of our common stock, completing our May 2018 Repurchase Program.
+Added: We paid $100.0 million on May 3, 2021 and received an initial delivery of approximately 0.1 million shares based on current market price of $595.53, which were retired.
+Added: ◦ May 2021 Repurchase Program.
+Added: In May 2021, we announced that our Board of Directors had authorized a plan to repurchase up to $1.0 billion of our common stock.
+Added: In the same period, we entered into an ASR to repurchase $100.0 million of our common stock.
+Added: We paid $100.0 million on May 18, 2021 and received an initial delivery of approximately 0.1 million shares based on current market price of $559.52, which were retired.
+Added: Subsequent to the second quarter, on July 30, 2021, we entered into an ASR to repurchase $75.0 million of our common stock.
+Added: We paid $75.0 million on August 2, 2021 and received an initial delivery of approximately 0.1 million shares based on current market prices.
The final number of shares to be repurchased will be based on our volume-weighted average stock price under the terms of the ASR, less an agreed upon discount.
+Added: See Note 9 “ Common Stock Repurchase Programs ” of the Notes to Condensed Consolidated Financial Statements for details on the repurchase programs.
DEFAULTS UPON SENIOR SECURITIES
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