American Home Shield 2015 Annual Report Download - page 46

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28
indebtedness, contractual restrictions with respect to payment of dividends, restrictions imposed by applicable law, general business
conditions and other factors that our board of directors may deem relevant. See “Liquidity—Limitations on Distributions and
Dividends by Subsidiaries” for a description of the impact of our restrictions under our debt instruments on our ability to pay
dividends.
Issuer Purchases of Equity Securities
Maximum number
Total number of (or approximate
shares purchased as dollar value) of shares
part of publicly that may yet be
Total number of Average price announced plans or purchased under the
Period shares purchased(1) paid per share programs plans or programs
Oct. 1, 2015 through Oct. 31, 2015 — $ — N/A N/A
N
ov. 1, 2015 through Nov. 30, 2015 — $ — N/A N/A
Dec. 1, 2015 through Dec. 31, 2015 10,452 $ 38.34 N/A N/A
Total 10,452 $ 38.34 N/A N/A
___________________________________
(1) All shares were acquired from employees upon net settlement of deferred stock units (“DSUs”) to cover withholding tax
obligations.
Share Repurchase Program
On February 23, 2016, our board of directors authorized a three-year share repurchase program, under which we may
repurchase up to $300 million of outstanding shares of our common stock. We expect to fund the share repurchases from operating
cash flow. The share repurchase program is part of our capital allocation strategy that focuses on sustainable growth and maximizing
shareholder value.
44 2015 Annual Report