Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.
The table below represents the Corporation’s purchases of its equity securities for the third quarter of fiscal 2020.
Period
(a) Total
Number of
Shares Purchased
(b) Average
Price Paid
per Share
(c) Total Number of
Shares Purchased as
Part of Publicly
Announced Plan
(d) Maximum
Number of Shares
that May Yet Be
Purchased Under the
Plan (1)
January 1 – 31, 2020
1,263
$
22.13
1,263
300,453
February 1 – 29, 2020
20,148
$
21.28
20,148
280,305
March 1 – 31, 2020
25,345
$
16.95
25,345
254,960
Total
46,756
$
18.95
46,756
254,960
(1)
Represents the remaining shares available for future purchases under the April 2018 stock repurchase plan.
During the quarter ended March 31, 2020, the Corporation purchased 46,756 shares of the Corporation’s common stock at an average cost of $18.95 per share. For the nine months ended March 31, 2020,
the Corporation purchased 66,041 shares of the Corporation’s common stock at an average cost of $19.43 per share. As of March 31, 2020, a total of 118,040 shares or 32 percent of the shares authorized in the April 2018 stock repurchase plan were
purchased at an average cost of $19.57 per share, leaving 254,960 shares available for purchase until the plan expires on April 26, 2020. During the quarter ended March 31, 2020, there were no stock options or restricted stock activity. For the nine
months ended March 31, 2020, a total of 16,250 shares of stock options were exercised and a total of 8,000 shares of restricted stock were forfeited, while no shares of restricted stock vested. The Corporation did not purchase any shares from
recipients to fund their withholding tax obligations in the third quarter and first nine months of fiscal 2020. During the quarter and nine months ended March 31, 2020, the Corporation did not sell any securities that were not registered under the
Securities Act of 1933.
Item 3. Defaults Upon Senior Securities.
Not applicable.
Item 4. Mine Safety Disclosures.
Not applicable.
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