Sallie Mae 2015 Annual Report Download - page 37

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Issuer Purchases of Equity Securities
The following table provides information relating to our purchase of shares of our common stock in the three months
ended December 31, 2015.
We do not intend to initiate share repurchase programs as a means to return capital to shareholders. We only expect to
repurchase common stock acquired as a result of taxes withheld in connection with award exercises and vesting under our
employee stock based compensation plans.
(In thousands, except per share data)
Total Number
of Shares
Purchased(1)
Average Price
Paid per
Share
Total Number of
Shares Purchased
as Part of Publicly
Announced Plans
or Programs
Approximate Dollar
Value
of Shares That
May Yet Be
Purchased Under
Publicly Announced
Plans or
Programs
Period:
October 1 - October 31, 2015. . . . . . . . . . . . . . 27 $ 7.08 — —
November 1 - November 30, 2015. . . . . . . . . . 39 $ 6.85 — —
December 1 - December 31, 2015 . . . . . . . . . . 43 $ 6.65 — —
Total fourth-quarter 2015 . . . . . . . . . . . . . . . . . 109 $ 6.83 —
_
(1) All shares purchased are pursuant to the shares of our common stock tendered to us to satisfy the exercise price in connection with cashless exercise of stock
options, and tax withholding obligations in connection with exercise of stock options and vesting of restricted stock and restricted stock units.
The closing price of our common stock on NASDAQ on December 31, 2015 was $6.52.