IHOP 2013 Annual Report Download - page 46

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25
Securities Authorized for Issuance Under Equity Compensation Plans
The following table provides information as of December 31, 2013, regarding shares outstanding and available for
issuance under our existing equity compensation plans:
Plan Category
Number of securities to be
issued upon exercise of
outstanding options,
warrants and rights
Weighted average
exercise price of
outstanding options,
warrants and rights
Number of securities
remaining available for
future issuance under
equity compensation plans
(excluding securities
reflected in column (a))
(a) (b) (c)
Equity compensation plans approved by security
holders ............................................................... 775,059 $ 42.09 1,192,180
Equity compensation plans not approved by
security holders.................................................. ———
Total....................................................................... 775,059 $ 42.09 1,192,180
The number of securities remaining available for future issuance represents shares under our 2011 Stock Incentive Plan.
Please refer to Note 13, Stock-Based Incentive Plans, in the Notes to the Consolidated Financial Statements for a description of
the Plan.
Issuer Purchases of Equity Securities
Under our Credit Agreement and the Indenture under which our Senior Notes were issued, we are limited as to the total
amount of restricted payments, including repurchases of common stock, that may be made (see “Management's Discussion and
Analysis of Financial Condition and Results of Operations - Restricted Payments”). At December 31, 2013, the limitation on
future restricted payments was approximately $89 million under the Credit Agreement and approximately $112 million under
the Indenture.
Purchases of Equity Securities by the Company
Period
Total number of
shares
purchased
Average price
paid per
share
Total number of
shares purchased as
part of publicly
announced plans or
programs (b)
Approximate dollar
value of
shares that may yet be
purchased under the
plans or programs (b)
September 30, 2013 – October 27, 2013(a)......... 553 $69.50 — $75,300,000
October 28, 2013 – November 24, 2013(a) ......... 930 $82.14 — $75,300,000
November 25, 2013 – December 29, 2013 60,318 $83.47 60,318 $70,300,000
Total ................................................................... 61,801 $83.32 60,318 $70,300,000
(a) These amounts represent shares owned and tendered by employees to satisfy tax withholding obligations on the vesting of restricted stock
awards.
(b) On February 26, 2013, our Board of Directors approved a stock repurchase authorization of up to $100 million of our common stock,
replacing the previously announced $45 million authorization. Repurchases are subject to prevailing market prices and may take place in
open market transactions and in privately negotiated transactions, based on business, market, applicable legal requirements and other
considerations. The program does not require the repurchase of a specific number of shares and may be terminated at any time.