Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.
(a)
Not applicable.
(b)
Not applicable.
(c)
The table below represents the Corporation’s purchases of its equity securities for the second quarter of fiscal 2021.
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)
October 1 – 31, 2020
505
$
13.68
—
371,815
November 1 – 30, 2020
—
$
—
—
371,815
December 1 – 31, 2020
—
$
—
—
371,815
Total
505
$
13.68
—
371,815
(1)
Represents the remaining shares available for future purchases under the April 2020 stock repurchase plan.
During the quarter and six months ended December 31, 2020, the Corporation did not purchase any shares of the Corporation’s common stock under the April 2020 stock repurchase plan. As of December
31, 2020, the Corporation has not purchased any shares authorized in the April 2020 stock repurchase plan, leaving all 371,815 shares available for purchase until the plan expires on April 30, 2021.
During the quarter ended December 31, 2020, there was no stock option or restricted stock activity, other than 5,500 stock options that were forfeited and 1,500 shares of restricted stock that were
vested. The Corporation purchased 505 shares from recipients to fund their withholding tax obligations in the second quarter fiscal 2021 with an average cost of $13.68 per share.
During the six months ended December 31, 2020, there were 5,500 stock option that were forfeited, a total of 9,000 shares of restricted stock were forfeited and 9,000 shares of restricted stock
were vested. The Corporation purchased 3,061 shares from recipients to fund their withholding tax obligations in the first six months of fiscal 2021 with an average cost of $12.01 per share.
Item 3. Defaults Upon Senior Securities.
Not applicable.
Item 4. Mine Safety Disclosures.
Not applicable.
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