CRACKER BARREL OLD COUNTRY STORE, INC 10-Q

ITEM 2. Unregistered Sales of Equity Securities and Use of Proceeds The following table sets forth information with respect to purchases of shares of the Company’s common stock made during the quarter ended May 1, 2020 by or on behalf of the Company or any “affiliated purchaser,” as defined by Rule 10b-18(a)(3) of the Exchange Act: Period Total Number of Shares Purchased Average Price Paid Per Share (1) Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs Maximum Number of Shares (or Approximate Dollar Value) that May Yet Be Purchased Under the Plans or Programs 2/1/2- – 2/28/20 102,003 $ 147.08 102,003 Indeterminate (2) 2/29/20 – 3/27/20 147,646 $ 135.49 147,646 Indeterminate (2) 3/28/20 – 5/1/20 — $ — — Indeterminate (2) Total for the quarter 249,649 $ 140.23 249,649 Indeterminate (2) (1) Average price paid per share is calculated on a settlement basis and includes commissions and fees. (2) On June 3, 2019, the Company’s Board of Directors approved the repurchase of up to $50,000 of the Company’s common stock, with such authorization to expire on June 2, 2020. On March 7, 2020, the Company’s Board of Directors approved the repurchase of up to an additional $25,000 of the Company’s common stock, with such authorization to expire on March 5, 2021 to the extent it remains unused. This authorization was effective immediately and replaced the $50,000 share repurchase authorization which had been expended earlier in the third quarter of 2020. In response to the COVID-19 pandemic, however, the Company has temporarily suspended all future share repurchases.