IHOP 2014 Annual Report Download - page 44

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25
On February 24, 2015, our Board of Directors approved payment of a cash dividend of $0.875 per share of common stock,
payable at the close of business on April 10, 2015 to the stockholders of record as of the close of business on March 13, 2015.
Securities Authorized for Issuance Under Equity Compensation Plans
The following table provides information as of December 31, 2014, 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 ............................................................... 618,115 $ 53.10 1,015,869
Equity compensation plans not approved by
security holders.................................................. ———
Total....................................................................... 618,115 $ 53.10 1,015,869
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
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 (c)
Approximate dollar
value of
shares that may yet be
purchased under the
plans or programs (c)
September 29, 2014 – October 26, 2014(a)......... 2,175 $80.63 — $ 40,300,000
October 27, 2014 – November 23, 2014(a) ......... 263 $93.63 — $ 100,000,000
November 24, 2014 – December 28, 2014(b) ..... 20,973 $98.34 20,335 $ 98,000,000
Total ................................................................... 23,411 $96.64 20,335 $ 98,000,000
(a) These amounts represent shares owned and tendered by employees to satisfy tax withholding obligations on the vesting of restricted stock
awards.
(b) This amount includes 638 shares owned and tendered by employees at an average price of $97.43 per share to satisfy tax withholding
obligations on the vesting of restricted stock awards during the fiscal month ended December 28, 2014.
(c) On October 27, 2014, our Board of Directors approved a stock repurchase authorization of up to $100 million of our common stock,
replacing the previously announced $100 million authorization pursuant to which $57.7 million of our common stock had been
repurchased. Repurchases are subject to prevailing market prices and may take place in open market transactions and in privately
negotiated transactions, based on applicable legal requirements and business, market, and other considerations. The program does not
require the repurchase of a specific number of shares and may be terminated at any time.