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(c) Purchases of Equity Securities by the Issuer and Affiliated Purchasers
−Removed: Information about the shares of our common stock that we repurchased during the quarter ended March 31, 2020 is set forth below:
+Added: Information about the shares of our common stock that we repurchased during the quarter ended June 30, 2020 is set forth below:
Total Number of
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(in millions)
−Removed: January 1-31, 2020
−Removed: February 1-29, 2020
−Removed: March 1-31, 2020
+Added: April 1-30, 2020
+Added: May 1-31, 2020
+Added: June 1-30, 2020
Our board of directors has authorized us to repurchase shares of our common stock through any combination of Rule 10b5-1 open-market repurchase plans, accelerated share repurchase plans, discretionary open-market purchases or privately negotiated transactions.
−Removed: During the quarter ended March 31, 2020 , pursuant to our employee incentive plans, we withheld 203,358 shares, at an average price per share of $185.81 in order to satisfy employees' tax withholding and payment obligations in connection with the vesting of awards of restricted stock.
+Added: During the quarter ended June 30, 2020 , pursuant to our employee incentive plans, we withheld 22,755 shares, at an average price per share of $172.87 in order to satisfy employees' tax withholding and payment obligations in connection with the vesting of awards of restricted stock.
On February 26, 2020 , our board of directors approved an increase to our existing share repurchase program authorization, which raised the total available authorization to $1.0 billion .
−Removed: As of March 31, 2020 , the amount that may yet be purchased under our share repurchase program was $880.0 million .
+Added: As of June 30, 2020 , the amount that may yet be purchased under our share repurchase program was $880.0 million .
The board authorization does not expire, but could be revoked at any time.
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Tenth Amended and Restated Bylaws of Global Payments Inc., incorporated by reference to Exhibit 3.2 to Global Payment Inc.’s Current Report on Form 8-K filed on May 1, 2020.
−Removed: Form of Restricted Stock Award pursuant to the 2011 Amended and Restated Incentive Plan for Executive Officers (calendar 2020).
−Removed: Form of Performance Unit Award Agreement pursuant to the 2011 Amended and Restated Incentive Plan for Executive Officers (calendar 2020).
−Removed: Form of Stock Option Award pursuant to the 2011 Amended and Restated Incentive Plan for Executive Officers (calendar 2020).
+Added: Supplemental Indenture No.
+Added: 2, dated as of May 15, 2020, between Global Payments Inc.
+Added: Bank National Association, as trustee, incorporated by reference to Exhibit 4.2 to Global Payments Inc.s’ Current Report on Form 8-K filed on May 15, 2020.
+Added: Form of Global Note (included in Exhibit 4.1)
+Added: Underwriting Agreement, dated May 7, 2020, among the Company and the underwriters named therein, incorporated by reference to Exhibit 1.1.
+Added: to Global Payments Inc.'s Current Report on Form 8-K filed on May 8, 2020.
Certification of the Principal Executive Officer pursuant to Exchange Act Rule 13a-14(a) and 15d-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
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Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
−Removed: The following financial information from the Quarterly Report on Form 10-Q for the quarter ended March 31, 2020, formatted in Inline XBRL (eXtensible Business Reporting Language) and filed electronically herewith:
+Added: The following financial information from the Quarterly Report on Form 10-Q for the quarter ended June 30, 2020, formatted in Inline XBRL (eXtensible Business Reporting Language) and filed electronically herewith:
(i) the Unaudited Consolidated Statements of Income;
−Removed: (ii) the Unaudited Consolidated Statements of Comprehensive Income (Loss);
+Added: (ii) the Unaudited Consolidated Statements of Comprehensive Income;
(iii) the Consolidated Balance Sheets;
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Filed herewith.
−Removed: Certain schedules and exhibits to this agreement have been omitted pursuant to Item 601(b)(2) of Regulation S-K and Global Payments Inc.
−Removed: agrees to furnish supplementally to the Securities and Exchange Commission a copy of any omitted schedule and/or exhibit upon request.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
Global Payments Inc.
+Added: August 3, 2020
Senior Executive Vice President and Chief Financial Officer
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Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.