Unregistered Sales of Equity Securities and Use of Proceeds .
−Removed: There were no unregistered sales of our equity securities during the three months ended March 31, 2023.
−Removed: The following table provides a summary of repurchases of shares of our common stock by our company and any “affiliated purchaser” as defined by the SEC during the three months ended March 31, 2023, and the approximate dollar value of shares that may yet be purchased pursuant to our share repurchase program as of March 31, 2023:
+Added: There were no unregistered sales of our equity securities during the three months ended June 30, 2023.
+Added: The following table provides a summary of repurchases of shares of our common stock by our company and any “affiliated purchaser” as defined by the SEC during the three months ended June 30, 2023, and the approximate dollar value of shares that may yet be purchased pursuant to our share repurchase program as of June 30, 2023:
Period Total Number
2 unchanged sentences
Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs a
−Removed: January 1, 2023 through January 31, 2023 — $ — — $ 2,135,797
−Removed: February 1, 2023 through February 28, 2023 6,406 $ 21.91 6,406 $ 1,995,565
−Removed: March 1, 2023 through March 31, 2023 37,218 $ 20.25 37,218 $ 1,242,755
−Removed: 43,624 $ 20.49 43,624 $ 1,242,755
+Added: April 1, 2023 through April 30, 2023 13,087 $ 20.49 13,087 $ 974,540
+Added: May 1, 2023 through May 31, 2023 10,919 $ 23.75 10,919 $ 715,208
+Added: June 1, 2023 through June 30, 2023 6,676 $ 24.95 6,676 $ 548,639
+Added: Total 30,682 $ 22.62 30,682 $ 548,639
On September 2, 2022, we announced that our Board approved a share repurchase program authorizing repurchases of up to $10.0 million of our common stock.
2 unchanged sentences
The share repurchase program does not obligate us to repurchase any specific amount of shares, does not have an expiration date, and may be suspended, modified or discontinued at any time without prior notice.
−Removed: The new program replaces our prior share repurchase program.
−Removed: Through May 10, 2023, we have acquired 359,553 shares of our common stock for a total cost of $9.2 million at an average price of $25.64 per share, and $0.8 million remains available for repurchases under the program.
+Added: Through August 9, 2023, we have acquired 381,889 shares of our common stock for a total cost of $9.8 million at an average price of $25.65 per share, and $0.2 million remains available for repurchases under the program.
Incorporated by Reference
15 unchanged sentences
Composite Certificate of Incorporation of Stratus Properties Inc.
+Added: 10-Q 001-37716 5/15/2023
Second Amended and Restated By-Laws of Stratus Properties Inc., as amended effective August 3, 2017.
5 unchanged sentences
13D 005-42652 3/5/2014
−Removed: Fifth Modification Agreement by and between Stratus Properties Inc., certain of its subsidiaries and Comerica Bank, effective as of March 10, 2023.
−Removed: 10-K 001-37716 3/31/2023
−Removed: Interest Rate Index Replacement Agreement dated January 3, 2023 with respect to the Loan Agreement by and among The Saint June, L.P., as borrower, Texas Capital Bank, National Association, as administrative agent, and each of the lenders party thereto, dated June 2, 2021.
−Removed: 10-K 001-37716 3/31/2023
−Removed: Construction Loan Agreement by and between Holden Hills, L.P., as borrower, and Comerica Bank, as lender, dated February 8, 2023.
−Removed: 8-K 001-37716 2/14/2023
−Removed: Installment Note by and between Holden Hills, L.P.
−Removed: and Comerica Bank dated February 8, 2023.
−Removed: 8-K 001-37716 2/14/2023
−Removed: Guaranty by Stratus Properties Inc.
−Removed: for the benefit of Comerica Bank dated February 8, 2023 with respect to the Construction Loan Agreement by and between Holden Hills, L.P., as borrower, and Comerica Bank, as lender, dated February 8, 2023.
−Removed: 8-K 001-37716 2/14/2023
−Removed: Amended and Restated Limited Partnership Agreement of Holden Hills, L.P.
−Removed: entered into by and among Holden Hills GP, L.L.C., Stratus Properties Operating Co., L.P., and Bartoni, LLC.
−Removed: 10-K 001-37716 3/31/2023
−Removed: Incorporated by Reference
−Removed: Number Exhibit Title Filed with this Form 10-Q Form File No.
−Removed: Development Agreement effective as of January 31, 2023, between Stratus Properties Operating Co., L.P.
−Removed: and Holden Hills, L.P.
−Removed: 10-K 001-37716 3/31/2023
+Added: Sixth Modification Agreement by and between Stratus Properties Inc., certain of its subsidiaries and Comerica Bank, effective as of May 31, 2023.
Stratus Properties Inc.
Long-Term Incentive Plan and Form of Award Notice.
+Added: 10-Q 001-37716 5/15/2023
Stratus Properties Inc.
Executive Annual Incentive Plan (effective January 2023).
+Added: 10-Q 001-37716 5/15/2023
Certification of Principal Executive Officer pursuant to Rule 13a-14(a)/15d-14(a).
6 unchanged sentences
101.SCH Inline XBRL Taxonomy Extension Schema.
+Added: Incorporated by Reference
+Added: Number Exhibit Title Filed with this Form 10-Q Form File No.
101.CAL Inline XBRL Taxonomy Extension Calculation Linkbase.
4 unchanged sentences
* Indicates management contract or compensatory plan or arrangement.
−Removed: † Certain identified information has been excluded from this exhibit because it is both not material and is the type that the registrant customarily and actually treats as private or confidential.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
5 unchanged sentences
Principal Accounting Officer)
+Added: August 14, 2023
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.