FS KKR Capital Corp 10-Q

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds. In December 2018, the Company’s board of directors authorized a stock repurchase program, or the December 2018 Share Repurchase Program. Under the December 2018 Share Repurchase Program, the Company was permitted to repurchase up to $200 in the aggregate of its outstanding common stock in the open market at prices below the then-current net asset value per share. The December 2018 Share Repurchase Program has concluded since the aggregate repurchase amount that was approved by the Company’s board of directors has been expended. During the nine months ended September 30, 2020, the Company repurchased 2,823,750 shares of common stock pursuant to the 2018 Share Repurchase Program at an average price per share (inclusive of commissions paid) of $16.71 (totaling $47). As previously disclosed, certain affiliates of the owners of the Advisor committed $100 to a $350 investment vehicle that may invest from time to time in shares of the Company. In June 2020, that investment vehicle entered into a written trading plan with a third party broker in accordance with Rule 10b5-1 and Rule 10b-18 promulgated under the Exchange Act, or the Affiliated Purchaser Program, to facilitate the purchase of shares of our common stock pursuant to the terms and conditions of such plan. The Affiliated Purchaser Program provides for the purchase of up to $100 worth of shares of our common stock, subject to the limitations provided therein. During the nine months ended September 30, 2020, the Affiliated Purchaser Program purchased 2,684,525 shares of common stock at an average price per share (inclusive of commissions paid) of $15.20 (totaling $41). During the period from October 1, 2020 to October 31, 2020, the Affiliated Purchaser Program purchased 632,082 shares of common stock at an average price per share (inclusive of commissions paid) of $15.61 (totaling $10). 90 Table of Contents The table below provides information concerning purchases of our shares of common stock by or on behalf of the Company or any “affiliated purchaser,” as defined by Rule 10b-18(a)(3) promulgated under the Exchange Act during the quarterly period ended September 30, 2020. Dollar amounts in the table below and the related notes are presented in millions, except for share and per share amounts. Share and per share amounts in the table below have been retroactively adjusted to reflect the Reverse Stock Split. 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 (2) Maximum Number (or Approximate Dollar Value) of Shares that May Yet Be Purchased Under the Plans or Programs July 1, 2020 through July 31, 2020 1,101,130 $ 14.5861 1,101,130 $ 297 August 1, 2020 through August 31, 2020 630,650 16.0572 630,650 257 September 1, 2020 through September 30, 2020 647,049 15.9474 647,049 220 2,378,829 $ 15.3464 2,378,829 (1) Amount includes commissions paid. (2) Includes amounts pursuant to the Affiliated Purchaser Program. Item 3. Defaults upon Senior Securities. Not applicable. Item 4. Mine Safety Disclosures. Not applicable.