Item 2. Unregistered Sales of Equity Securities
Item 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS.
 
c) Issuer Purchases of Equity Securities
 
Period
 
(a) Total
Number of
Shares (or
Units)
Purchased
 
 
(b) Average
Price Paid
per Share
(or Unit)
 
 
(c) Total Number
of Shares (or Units)
Purchased as Part
of Publicly
Announced Plans
or Programs
 
 
(d) Maximum Number
(or Approximate Dollar
Value) of Shares (or
Units) that May Yet Be
Purchased Under the
Plans or Programs
 
Share purchases prior to 3/19/2022 under the current repurchase program.
 
 
2,153,132
 
 
$
13.38
 
 
 
2,153,132
 
 
$
4,153,252
 
Second quarter purchases:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
3/20/2022–4/16/2022
 
None
 
 
None
 
 
No Change
 
 
No Change
 
4/17/2022-5/14/2022
 
None
 
 
None
 
 
No Change
 
 
No Change
 
5/15/2022-6/11/2022
 
None
 
 
None
 
 
No Change
 
 
No Change
 
6/12/2022-7/9/2022
 
None
 
 
None
 
 
No Change
 
 
No Change
 
Total share purchases under the current program
 
 
2,153,132
 
 
$
13.38
 
 
 
2,153,132
 
 
$
4,153,252
 
 
The Company has one stock repurchase program which was established in February 2003 by the Board of Directors and which initially authorized management to expend up to $3,000,000 to repurchase shares on the open market as well as in private negotiated transactions. In February 2005, February 2006, August 2007 and February 2008 the Board of Directors increased the remaining balance on this plan to its original level of $3,000,000. In September 2019, the Board of Directors increased the stock repurchase program from $3,000,000 to $5,000,000. In December 2020, the Board of Directors increased the stock repurchase program to $15,000,000. From its inception date through July 9, 2022, the Company has repurchased 2,153,132 shares of its common stock under this repurchase program for an aggregate price of $28,812,686. The repurchase program has no termination date and there have been no share repurchases that were not part of a publicly announced program.
 
Item 3. DEFAULTS UPON SENIOR SECURITIES.
 
None.
 
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.