QUALYS, INC. 10-Q

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds   On February 5, 2018, our board of directors authorized a $100.0 million two-year share repurchase program, which was announced on February 12, 2018. On October 30, 2018, October 30, 2019 and May 7, 2020, we announced that our board of directors had authorized an increase of $100.0 million, $100.0 million and $100.0 million, respectively, to the original share repurchase program authorization, resulting in an aggregate authorization of $400.0 million. Shares may be repurchased from time to time on the open market in accordance with Rule 10b-18 of the Exchange Act of 1934, including pursuant to a pre-set trading plan adopted in accordance with Rule 10b5-1 under the Exchange Act, until April 28, 2022.   During the three months ended September 30, 2020, we repurchased 352,000 shares of common stock for approximately $37.7 million. All share repurchases were made using cash resources. As of September 30, 2020, approximately $136.7 million remained available for share repurchases pursuant to our share repurchase program.   A summary of our repurchases of common stock during the three months ended September 30, 2020 is as follows:                       Total Number of     Approximate Dollar                       Shares Purchased as     Value of Shares that       Total Number     Average     Part of Publicly     May Yet Be Purchased       of Shares     Price Paid     Announced Plan or     under the Plan or   Period   Purchased     per Share     Program     Program   July 1 - July 31, 2020     121,000     $ 111.08       121,000     $ 160,909,726   August 1 - August 31, 2020     115,500     $ 110.75       115,500     $ 148,117,770   September 1 - September 30, 2020     115,500     $ 99.28       115,500     $ 136,651,177   Total     352,000               352,000               Item 3. Defaults upon Senior Securities   None.   Item 4. Mine Safety Disclosures   None.