Stamps.com 2012 Annual Report Download - page 25

Future declaration and payment of dividends will be in the discretion of our Board of Directors and will be dependent upon our future earnings,
financial condition and capital requirements.
Securities Authorized for Issuance under Equity Compensation Plans
Equity Compensation Plan Information
The following table provides information as of December 31, 2012 with respect to shares of our common stock that may be issued under our
existing stock incentive plans, all of which were approved by our stockholders:
Recent Sales of Unregistered Securities
We did not have any unregistered sales of common stock during 2012.
Issuer Purchases of Equity Securities
During the fourth quarter of 2012, we repurchased 498,900 shares of our common stock as described in the following table:
(1) On July 19, 2012, the board of directors approved a new share repurchase plan effective upon the expiration of the former plan on August 18,
2012, authorizing the Company to repurchase up to 1.0 million shares of our stock during the following six months. On October 17, 2012, the
board of directors approved a new share repurchase plan replacing the July 19, 2012 share repurchase plan effective on October 30, 2012,
authorizing the Company to repurchase up to 1.0 million shares of our stock during the following six months.
On February 7, 2013, the Board of Directors approved a new share repurchase plan that replaces all prior repurchase plans and authorizes the
Company to repurchase up to 1.0 million shares of our stock during the following six months.
We will consider repurchasing stock in the future by evaluating such factors as the price of the stock, the daily trading volume and the
availability of large blocks of stock and any additional constraints related to material inside information we may possess. Our repurchase of any
of our shares will be subject to limitations that may be imposed on such repurchases by applicable securities laws and regulations and the rules
of The NASDAQ Stock Market. Repurchases may be made in the open market, or in privately negotiated transactions from time to time at our
discretion. We have no commitment to make any repurchases.
Table of Contents
Number of shares of
Number of shares of
common stock remaining
common stock to be
available for future
issued upon exercise Weighted-average exercise issuance under equity
of outstanding options,
price of outstanding options,
compensation plans
warrants and rights
warrants and rights
(excluding shares
(a)
reflected in column (a))
865,490
$14.33
1,861,097
Period
Total Number of
Shares Purchased
Average Price Paid
per Share
Total Number of
Shares Purchased as
Part of Publicly
Announced Plans or
Programs (1)
Approximate Dollar
Value of Shares That
May Yet be
Purchased Under the
Plans or Programs
(in 000
’
s)
October 1, 2012 –
October 31, 2012
87,000
$
20.94
87,000
$
21,500
November 1, 2012
–
November 30, 2012
223,023
$
24.37
223,023
$
18,461
December 1, 2012 –
December 31, 2012
188,877
$
24.45
188,877
$
13,738
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