Item 2. Unregistered Sales of Equity Securities
Item 2 – Unregistered Sales of Equity Securities and Use of Proceeds
Below is a summary by month of share purchases by the Company during the second quarter of 2021:
Month
Total Number
of Shares Purchased
Average Price
Paid per Share
Total Number of Shares Purchased as Part of Publicly Announced
Plans or Programs (1)
Maximum Number of Shares that May Yet
Be Purchased Under
the Plans or Programs (1)
April 2021
291
(2)
$
131.63
—
167,574
May 2021
36,482
(3)
$
135.80
32,952
(5)
134,622
June 2021
40,938
(4)
$
133.12
40,793
(5)
93,829
Total
77,711
$
134.38
73,745
93,829
(1)
On February 19, 2013, the Company’s Board of Directors authorized the Company to repurchase up to 1,000,000 shares of its outstanding common stock. Under this program, which does not have an expiration date, repurchases may be made from time to time through open market or privately negotiated transactions, subject to applicable laws.
(2)
Represents shares of Company common stock tendered by employees to settle statutory withholding taxes related to the exercise of SARs.
(3)
Includes 3,530 and 32,952 shares of Company common stock tendered by employees to settle statutory withholding taxes related to the exercise of SARs and shares purchased on the open market, respectively.
(4)
Includes 145 and 40,793 shares of Company common stock tendered by employees to settle statutory withholding taxes related to the exercise of SARs and shares purchased on the open market, respectively.
(5)
Represents shares of Company common stock purchased on the open market.
Item 3 – Defaults Upon Senior Securities
None
44
Item 4 – Mine Safety Disclosures
Not applicable
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