LOGITECH INTERNATIONAL S.A. 10-Q

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS Share Repurchases In fiscal year 2021, the following approved share buyback program was in place (in thousands): Share Buyback Program Shares Approved Approved Amounts March 2017 17,311 $ 250,000 We did not repurchase any of our registered shares during the three months ended June 30, 2020. The 2017 share buyback program expired in April 2020. In May 2020, the Company's Board of Directors approved the 2020 share buyback program, which authorizes the Company to use up to $250.0 million to purchase up to 17.3 million of its own shares. The new program will, upon implementation, replace the Company's prior 2017 share buyback program. The Company's share buyback program is expected to remain in effect for a period of three years from its implementation. Shares may be repurchased from time to time on the open market, through block trades or otherwise. Purchases may be started or stopped at any time without prior notice depending on market conditions and other factors. ITEM 3. DEFAULTS UPON SENIOR SECURITIES Not applicable. ITEM 4. MINE SAFETY DISCLOSURES None.