Item 2. Unregistered Sales of Equity Securities
ITEM 2. Unregistered Sales of Equity Securities and Use of Proceeds
Issuer Purchases of Equity Securities
Total
Number
of Shares
Purchased Average
Price Paid
per Share Total
Number of
Shares
Purchased
as Part of
Publicly
Announced
Plans Maximum
Number of
Shares that May
Yet Be
Purchased
Under Publicly
Announced
Plans (c)
July 1, 2020 to July 31, 2020 1,698 (a) $ 51.50 — 1,470,655
August 1, 2020 to August 31, 2020 — $ — — 1,470,655
September 1, 2020 to September 30, 2020 450,437 (b) $ 52.37 448,873 1,021,782
Total July 1, 2020 to September 30, 2020 452,135 448,873
(a) Represents shares repurchased in connection with employee stock plans, whereby Company shares were tendered by employees for the payment of applicable withholding taxes.
(b) Includes 1,564 shares repurchased in connection with employee stock plans, whereby Company shares were tendered by employees for the payment of applicable withholding taxes.
(c) Commencing in October 1997, the Company’s Board of Directors has, at various times, authorized the repurchase, from time to time, of the Company’s common stock on the open market or in privately negotiated transactions depending on market conditions. Since plan inception, a total of 118,000,000 shares have been authorized for repurchase of which 116,978,218 shares have been repurchased as of September 30, 2020. As disclosed in Note M and Item 5, on October 29, 2020, an additional 10,000,000 shares have been authorized for repurchase bringing the total repurchase authorization since plan inception to 128,000,000.
ITEM 3. Defaults Upon Senior Securities
None.
ITEM 4. Mine Safety Disclosure
Not applicable.
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