IHOP 2009 Annual Report Download - page 50
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Please find page 50 of the 2009 IHOP 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.-
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The number of securities remaining available for future issuance includes 1,226,146 shares and
21,900 shares under our 2001 Stock Incentive Plan and 2005 Stock Incentive Plan for Non-Employee
Directors, respectively. Please refer to Note 18, Stock-Based Incentive Plans, in the Notes to the
Consolidated Financial Statements for a description of each plan.
Issuer Purchases of Equity Securities
In January 2003, our Board of Directors authorized a program to repurchase shares of our
common stock. The Board approved the repurchase of up to 7.2 million shares of common stock from
time to time, depending on market conditions and other factors. No repurchases were made during
2008 or 2009. In February 2009, the Board of Directors cancelled the authorization to repurchase any
additional shares under this program. A total of 6,327,877 shares were repurchased under the stock
repurchase program prior to the cancellation of the program.
During 2009, a total of 50,927 shares of restricted stock were surrendered to the Company at an
average price of $11.87 per share to satisfy tax withholding obligations in connection with the vesting of
restricted stock awards issued to employees under our 2001 Stock Incentive Plan.
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