Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.
(c) Repurchase activity during the third quarter of 2021 is as follows:
Month 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
July 5,056 $ 204.35 — 19,612,790
August 141,603 $ 215.77 112,246 19,500,544
September 935,928 $ 209.89 922,335 18,578,209
Total 1,082,587 $ 210.63 1,034,581
Shares repurchased by us in a quarter may include repurchases conducted pursuant to publicly announced board authorization, outstanding shares surrendered to the company to pay the exercise price in connection with swap exercises of employee stock options, and shares withheld to cover the minimum tax withholding obligation associated with the vesting of restricted stock awards. Of the total number of shares purchased during the third
Page 39
quarter of 2021, 48,006 were related to shares surrendered in connection with employee stock option exercises and no shares were withheld to cover tax withholdings associated with the vesting of restricted stock awards.
The following table details the changes in and status of the Board of Directors’ outstanding publicly announced board authorizations.
Authorization Dates 7/1/2021 Total Number of
Shares Purchased Maximum Number of Shares that May Yet Be Purchased at 9/30/2021
February 2019 4,612,790 (1,034,581) 3,578,209
March 2020 15,000,000 — 15,000,000
19,612,790 (1,034,581) 18,578,209
Item 3. Defaults Upon Senior Securities.
Not applicable.
Item 4. Mine Safety Disclosures.
Not applicable.
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.