Stamps.com 2013 Annual Report Download - page 26

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Dividend Policy
We did not pay any dividend during 2013.
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, 2013 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 2013.
Issuer Purchases of Equity Securities
We did not purchase any of our common stock during the fourth quarter of 2013.
(1) On February 6, 2014, our Board of Directors amended the existing share repurchase program to extend the expiration date until April 30,
2015. The Company is currently authorized to repurchase up to 1.0 million shares of Stamps.com stock.
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.
22
Table of Contents
Number of shares of
common stock to be
issued upon exercise
of outstanding options,
warrants and rights
(a)
Weighted-average exercise
price of outstanding options,
warrants and rights
Number of shares of
common stock remaining
available for future
issuance under equity
compensation plans
(excluding shares
reflected in column (a))
511,624
$14.75
996,206
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, 2013 –
October 31, 2013
—
—
—
$
26,650
November 1, 2013
–
November 30, 2013
—
—
—
$
26,650
December 1, 2013 –
December 31, 2013
—
—
—
$
26,650