Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
In the three months ended September 30, 2021, the Company issued no Class A shares in transactions exempt from registration under Section 4(a)(2) of the Securities Act of 1933, as amended.
Purchase of Equity Securities by the Issuer and Affiliated Purchasers
For the three months ended September 30, 2021, the Company made no open market purchases of its Class A, B, or C shares. Pursuant to its Combined Credit Agreement and the indenture governing the 5.625% Notes, the Company is currently limited as to the dollar amount of shares it may repurchase in the open market.
For the three months ended September 30, 2021, the Company’s employees surrendered Class A shares in connection with the required tax withholding resulting from the vesting of restricted stock. The Company paid these withholding taxes on behalf of the related employees. These Class A shares were subsequently retired and no longer remain outstanding as of September 30, 2021. The following table details those shares withheld during the third quarter of 2021:
Period Total Number of Shares Purchased Average Price Paid Per Share Total Number of Shares Purchased as Part of Publicly Announced Program Maximum Number of Shares That May Yet Be Purchased Under the Program
7/1/2021 - 7/31/2021 — $ — — —
8/1/2021 - 8/31/2021 — — — —
9/1/2021 - 9/30/2021 (12,084) 8.39 — —
Total (12,084) $ 8.39 — —
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Item 3. Defaults Upon Senior Securities
None.
Item 4. Mine Safety Disclosures
Not applicable.
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