Item 2. Unregistered Sales of Equity Securities
Item 2 . UNREGISTERED SALES OF EQUITY
SECURITIES AND USE OF PROCEEDS
On March 13, 2020, we announced that
our Board of Directors approved a share repurchase program in an aggregate amount of up to $7.0 million. Repurchases under the
program may be made in the open market or through privately-negotiated transactions from time to time through March 11, 2022,
subject to applicable laws and regulations. The program may be amended, suspended or discontinued at any time and does not commit
us to repurchase any shares of our common stock. The following table summarizes the repurchases of common stock made by us during
the three months ended April 30, 2020, based on the trade date of the repurchase:
Total Number
of Shares
Purchased
Average
Price
Paid per
Share (1)
Total Number
of
Shares
Purchased as
Part of Publicly
Announced
Plans or
Programs
Approximate
Dollar Value of
Shares that
May Yet Be
Purchased
Under Plans or
Programs
($ in millions) (1)
February 2020
0
$ 0
0
$ 7.0
March 2020
75,621
$ 25.08
75,621
$ 5.1
April 2020
76,253
$ 27.84
76,253
$ 3.0
Total
151,874
151,874
(1) Includes commissions paid related
to our repurchases of shares of common stock.
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.