Item 2. Unregistered Sales of Equity Securities
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
The following table summarizes the Company’s purchases of its common stock for the three months ended May 2, 2020:
ISSUER PURCHASES OF EQUITY SECURITIES
Total Number of
Maximum Number
Shares Purchased as
(or Approximate Dollar
Total Number
Average
Part of Publicly
Value) of Shares that may
of Shares
Price Paid
Announced Plans or
Yet be Purchased Under
Period
Purchased
per Share (1)
Programs (2)
The Plans or Programs (2)
February 2020
289,015
$
16.46
289,015
March 2020
311,315
13.18
311,315
April 2020
17,726
11.11
17,726
Total
618,056
$
14.65
618,056
728,466
(1)
Prices include trading costs.
(2)
As of February 1, 2020, the Company’s share repurchase program had 1,346,522 shares remaining in open authorizations. During the first quarter ended May 2, 2020, the Company repurchased and retired 618,056 shares under this program for approximately $9,056,612 or an average market price of $14.65 per share. As of May 2, 2020, the Company had 728,466 shares remaining in open authorizations. There is no specified expiration date for the Company’s repurchase program.
ITEM 3. DEFAULTS UPON SENIOR SECURITIES
Not Applicable
30
Table of Contents
PART II OTHER INFORMATION
THE CATO CORPORATION
ITEM 4. MINE SAFETY DISCLOSURES
Not Applicable
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.