Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
Recent Sales of Unregistered Securities
None.
Issuer Purchases of Equity Securities
During the three months ended September 30, 2020, we repurchased the following shares of our common stock:
Period Total Number
of Shares
Purchased(1)
Average Price Paid per Share(1)
Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs(2)
Approximate Dollar Value of Shares that May Yet Be Purchased under the Plans or Programs(2)
Month 1 (July 1, 2020 to July 31, 2020)
— $ — — $ —
Month 2 (August 1, 2020 to August 31, 2020)
486,156 $ 26.73 420,000 $ 18,930,102
Month 3 (September 1, 2020 to September 30, 2020)
725,269 $ 26.21 722,294 $ —
Total 1,211,425 $ 26.42 1,142,294
__________________________
(1) Includes shares withheld from delivery to satisfy tax withholding obligations of recipients that occur upon the vesting of restricted stock units granted under our equity incentive plans.
(2) On August 9, 2020, our Board of Directors approved a share repurchase program to repurchase shares of common stock for up to an aggregate of $30.0 million at prevailing prices in the open market, with such program effective until December 31, 2020 or, if earlier, until the maximum amount of common stock is repurchased. During the three months ended September 30, 2020, we repurchased 1,142,294 shares of our common stock in open market transactions under the share repurchase program. Such shares repurchased during the quarter were recorded as a $30.0 million reduction to stockholders' equity. As of September 30, 2020, the maximum amount authorized under the share repurchase program had been utilized.
Item 3. Defaults Upon Senior Securities
Not applicable.
Item 4. Mine Safety Disclosures
Not applicable.
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