Item 2. Unregistered Sales of Equity Securities
Item 2 - Unregistered Sales of Equity Securities and Use of Proceeds
(a) Sales of Unregistered Securities.
None
(b) Use of Proceeds.
Not Applicable
(c) Issuer Purchases of Securities.
78
Table of Contents
Total Number of
Average Price
Total Number of Shares Purchased as Part
Maximum Number of Shares that May Yet Be
Period
Shares Purchased (2)
Paid Per Share
of Publicly Announced Plans or Programs
Purchased Under the Plans or Programs (1)
April 1-30, 2020
58
$
44.60
58
447,890
May 1-31, 2020
—
—
—
447,890
June 1-30, 2020
—
—
—
447,890
Total
58
44.60
58
(1) In August 2019, the Company’s Board of Directors authorized the purchase of up to 1,715,547 shares of the Company’s common stock from the date of approval of the plan through December 31, 2019, subject to earlier termination by the Board of Directors. The program was announced by a press release dated August 9, 2019 and a Form 8-K filed on August 9, 2019. On December 18, 2019, the Company’s Board of Directors extended and expanded the program, authorizing the purchase of up to an aggregate of 1,641,000 shares of the Company’s common stock (inclusive of shares remaining under the initial authorization), through December 31, 2020, subject to earlier termination by the Board of Directors (as extended, the “Repurchase Program”). The extension of the program was announced by a press release dated December 18, 2019 and a Form 8-K filed on December 18, 2019. Under the Repurchase Program, the Company may acquire its common stock in the open market or in privately negotiated transactions, including 10b5-1 plans. The Repurchase Program may be modified, suspended or terminated by the Board of Directors at any time without notice. We suspended our share repurchase program during the first quarter of 2020, and did not repurchase any shares during the second quarter of 2020.
(2) Includes shares of the Company’s common stock acquired by the Company in connection with satisfaction of tax withholding obligations on vested restricted shares.
Item 3 - Defaults Upon Senior Securities
None
Item 4 - Mine Safety Disclosures
Not Applicable
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