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 could 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 could have been amended, suspended or discontinued at any time and does not commit us to repurchase any shares of our common stock. During the nine months ended July 31, 2020, we repurchased $7.0 million in shares of our common stock. As a result of our repurchase of the maximum aggregate amount under the program, this share repurchase program has concluded.
The following table summarizes the repurchases of common stock made by us during the three months ended July 31, 2020, based on the trade date of the repurchase:
Approximate
Total Number of
Dollar Value of
Shares
Shares that
Purchased as
May Yet Be
Part of Publicly
Purchased
Total Number
Average Price
Announced
Under Plans or
of Shares
Paid per
Plans or
Programs
Purchased
Share (1)
Programs
($ in millions) (1)
May 2020
41,324
$
30.41
41,324
$
1.7
June 2020
49,672
$
28.88
49,672
$
0.3
July 2020
10,692
$
28.23
10,692
$
0.0
Total
101,688
101,688
(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.