Spirit Airlines 2015 Annual Report Download - page 33

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33
Our Repurchases of Equity Securities
The following table reflects our repurchases of our common stock during the fourth quarter of 2015. All stock
repurchases during this period were made from employees who received restricted stock grants. All employee stock
repurchases were made at the election of each employee pursuant to an offer to repurchase by us. In each case, the shares
repurchased constituted the portion of vested shares necessary to satisfy minimum withholding tax requirements.
ISSUER PURCHASES OF EQUITY SECURITIES
Period
Total
Number
of Shares
Purchased
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 Plans or
Programs
October 1-31, 2015 . . . . . . . . . . . 1,335 $ 44.52 — $ 100,581,852
November 1-30, 2015 . . . . . . . . . 1,147 $ 34.00 — $ 100,581,852
December 1-31, 2015 . . . . . . . . . — N/A — $ 100,000,000
Total . . . . . . . . . . . . . . . . . . . . 2,482 $ 40.87 —
During the first three quarters of 2015, we repurchased and retired 1.7 million shares for a total of $102.1 million.
Repurchases of equity securities during this period include repurchases made from employees who received restricted stock or
performance share awards as well as open market repurchases made under our stock repurchase authorization that became
effective in December 2014, which authorized the repurchase of up to $100 million of our common stock. This authorization
expired on December 31, 2015. Shares repurchased from employees constituted the portion of vested shares necessary to
satisfy withholding tax requirements.
On October 26, 2015, our Board of Directors authorized a new repurchase program of up to $100 million in aggregate
value of shares of our Common Stock, par value $0.0001 per share. These repurchases can be made from time to time in open
market or privately negotiated transactions. This authorization will expire on October 26, 2016. The timing and amount of any
stock repurchase is subject to prevailing market conditions and other considerations, and may be discontinued at any time. As
of December 31, 2015, no repurchases have been made under this new repurchase plan.