Classmates.com 2007 Annual Report Download - page 35

Download and view the complete annual report

Please find page 35 of the 2007 Classmates.com 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 153

  • 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
  • 153

Upon vesting, we currently do not collect the applicable employee withholding taxes for restricted stock units from employees. Instead, we
automatically withhold, from the restricted stock units that vest, the portion of those shares with a fair market value equal to the amount of the
employee withholding taxes due. We then pay the applicable withholding taxes in cash.
Common stock repurchases through December 31, 2007 were as follows (in thousands, except per share amounts):
33
Period
Total Number of
Shares Purchased
Average Price
Paid per Share
Total Number of
Shares Purchased as
Part of a Publicly
Announced Program
Maximum
Approximate Dollar
Value that May Yet be
Purchased Under the
Program
2001
-
2004
9,664
$
12.92
9,664
$
74,989
February 2005
1,268
$
11.20
1,268
$
60,782
February 15, 2006
129
$
12.77
—
$
60,782
May 15, 2006
26
$
11.87
—
$
60,782
August 15, 2006
38
$
10.92
—
$
60,782
November 15, 2006
22
$
13.88
—
$
60,782
February 15, 2007
194
$
13.72
—
$
60,782
May 15, 2007
71
$
15.89
—
$
60,782
August 15, 2007
69
$
12.82
—
$
60,782
November 15, 2007
56
$
16.66
—
$
60,782
Total
11,537
$
12.79
10,932