TWIN DISC INC 10-Q

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds   (a) Unregistered Sales of Equity Securities   There were no securities of the Company sold by the Company during the quarter ended March 26, 2021, which were not registered under the Securities Act of 1933, in reliance upon an exemption from registration provided by Section 4 (2) of the Act.   (b) Use of Proceeds   Not applicable.   (c) Issuer Purchases of Equity Securities   Issuer Purchases of Equity Securities   Period (a) Total Number of Shares Purchased (b) Average Price Paid per Share (c) Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs (d) Maximum Number of Shares that May Yet Be Purchased Under the Plans or Programs           December 26, 2020 –  January 29, 2021 0 NA 0 315,000           January 30 – February 26, 2021 0 NA 0 315,000           February 27 – March 26, 2021 0 NA 0 315,000           Total 0 NA 0 315,000   Under authorizations granted by the Board of Directors on February 1, 2008 and July 27, 2012, the Company was authorized to purchase 500,000 shares of its common stock. This authorization has no expiration, and as of March 26, 2021, 315,000 may yet be purchased under these authorizations. The Company did not purchase any shares of its common stock pursuant to these authorizations during the quarter ended March 26, 2021.   The discussion of limitations upon the payment of dividends as a result of the Credit Agreement between the Company and BMO Harris Bank, N.A., as discussed in Part I, Item 2, "Management's Discussion and Analysis " under the heading "Financial Condition, Liquidity and Capital Resources," is incorporated herein by reference.   Item 3. Defaults Upon Senior Securities   None.   27