Classmates.com 2008 Annual Report Download - page 40

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Table of Contents
Shares withheld upon vesting of restricted stock units and restricted stock awards and upon the issuance of stock awards to pay applicable
employee withholding taxes are considered common stock repurchases, but are not counted as purchases against the program. Upon vesting of
restricted stock units and restricted stock awards or issuance of stock awards, we currently do not collect the applicable employee withholding
taxes from employees. Instead, we automatically withhold, from the restricted stock units and restricted stock awards that vest and the stock
awards that are issued, 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, 2008 were as follows (in thousands, except per share amounts):
38
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
-
2005
10,932
$
12.72
10,932
$
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
January 27, 2008
142
$
10.71
—
$
60,782
February 15, 2008
404
$
11.49
—
$
60,782
May 15, 2008
81
$
11.81
—
$
60,782
August 15, 2008
104
$
11.79
—
$
60,782
November 15, 2008
72
$
6.62
—
$
60,782
November 18, 2008
3
$
6.37
—
$
60,782
Total
12,343
$
12.67
10,932