Cash America 2015 Annual Report Download - page 39

Download and view the complete annual report

Please find page 39 of the 2015 Cash America annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 152

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152

Issuer Purchases of Equity Securities
The following table provides the information with respect to purchases made by the Company of shares of
its common stock during each of the months in 2015:
Period
TotalNumber
of Shares
Purchased(a)
Average
PricePaid
Per Share
TotalNumberof
SharesPurchasedas
PartofPublicly
Announced Plans(b)
MaximumNumber
of Shares that May
Yet Be Purchased
Under the Plans(b)
January1toJanuary31 608 $20.97 — 4,000,000
February1toFebruary28 750,062 21.06 726,400 3,273,600
March1toMarch31 421,600 23.68 421,600 2,852,000
April1toApril30 327,469 25.65 326,800 2,525,200
May1toMay31(c) 862,214 27.20 857,430 1,667,770
June1toJune30 1,245 27.33 — 1,667,770
July1toJuly31 — — — 1,667,770
August1toAugust31(d) 538,500 24.40 538,436 1,129,334
September1toSeptember30 387,500 27.15 387,500 741,834
October1toOctober31 289,500 28.66 289,500 3,452,334
November1toNovember30 146,048 33.24 146,000 3,306,334
December1toDecember31 322,200 31.26 322,200 2,984,134
Total 4,046,946 $25.84 4,015,866
(a) Includes the following: shares withheld from employees as partial tax payments for shares issued under the Company’s stock-based
compensation plans of 608, 23,589, 669, 4,725 and 1,245 shares for the months of January, February, April, May and June, respectively;
and the reinvestment of dividends on Director Deferred Shares, which resulted in the purchase of 73, 59, 64 and 48 shares for the months
of February, May, August and November, respectively.
(b) In January 2015, the Board of Directors of the Company authorized a share repurchase program of up to 4.0 million shares of the
Company’s common stock (the “January 2015 Authorization”) and canceled the Company’s previous share repurchase authorization
from January 2013 (the “2013 Authorization”). In October 2015, the Board of Directors of the Company authorized a new share
repurchase program for the repurchase of up to 3.0 million shares of the Company’s common stock (the “October 2015 Authorization”),
which took effect in December 2015 once all shares under the January 2015 Authorization had been purchased.
(c) Share amounts include the initial shares acquired under the accelerated share repurchase (“ASR”) agreement entered into by the
Company and a financial institution in May 2015. The total number of shares purchased and the maximum number of shares that may
yet be purchased under the authorized share repurchase programs include the effects of the 684,230 shares received by the Company
upon initial delivery of shares under the ASR agreement, and the average price paid per share includes the effects of the $18.7 million
value of the initial shares delivered divided by the 684,230 shares delivered.
(d) Share amounts include the additional 145,436 shares received upon final settlement of the ASR agreement, and the average price paid
per share includes the effectsofthe$3.3millionrecordedintreasurysharesuponthefinalsettlementdividedbytheadditional145,436
shares delivered. For additional information, see “Item 8. Financial Statements and Supplementary Data—Note 14.”
35