TripAdvisor 2015 Annual Report Download - page 31
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Please find page 31 of the 2015 TripAdvisor annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.Dividends
Wehaveneverdeclaredorpaiddividendsanddonotexpecttopayanydividendsfortheforeseeablefuture.Ourabilitytopaydividendsislimitedbythe
termsofacreditagreement,datedasofJune26,2015,thatprovidesforarevolvingcreditfacility.See“Management’sDiscussionandAnalysisofFinancial
ConditionandResultsofOperations–2015CreditFacility”foradditionalinformationregardingourrevolvingcreditfacility.Anyfuturedeterminationastothe
declarationandpaymentofdividends,ifany,willbeatthediscretionofourBoardofDirectorsandwilldependonthen-existingconditions,includingourfinancial
condition,operatingresults,contractualrestrictions,capitalrequirements,businessprospectsandotherfactorsourBoardofDirectorsmaydeemrelevant.
Unregistered Sales of Equity Securities
EffectiveDecember28,2015,weissued801,042sharesofourcommonstocktoTheTripAdvisorCharitableFoundation(the“Foundation”)infull
satisfactionofallfutureannualcontributionobligationsunderthePledgeAgreementbetweentheCompanyandtheFoundation.Theseshareswereissuedina
privatetransactionexemptfromregistrationpursuanttoSection4(a)(2)oftheSecuritiesActof1933,asamended.
Exceptasnotedabove,duringtheyearendedDecember31,2015,wedidnotissueorsellanysharesofourcommonstock,ClassBcommonstockorother
equitysecuritiespursuanttounregisteredtransactionsinrelianceuponanexemptionfromtheregistrationrequirementsoftheSecuritiesActof1933,asamended.
Issuer Purchases of Equity Securities
WedidnotrepurchaseanysharesofourcommonstockduringtheyearendedDecember31,2015.
InFebruary2013,weannouncedthatourBoardofDirectorsauthorizedtherepurchaseof$250millionofoursharesofcommonstockunderashare
repurchaseprogram.AsofDecember31,2015,wehad$105millionremainingtorepurchasesharesofourcommonstockunderthissharerepurchase
program.TherepurchaseprogramhasnoexpirationdatebutmaybesuspendedorterminatedbytheBoardofDirectorsatanytime.TheExecutiveCommitteeof
ourBoardofDirectorswilldeterminetheprice,timing,amountandmethodofsuchrepurchasesbasedonitsevaluationofmarketconditionsandotherfactors,and
anysharesrepurchasedwillbeincompliancewithapplicablelegalrequirements,atpricesdeterminedtobeattractiveandinthebestinterestsofboththeCompany
anditsstockholders.See“Note14—Stockholders’ Equity ”inthenotestotheconsolidatedfinancialstatementsinItem8foradditionalinformationregardingour
treasuryshares.
Equity Compensation Plan Information
OurequityplaninformationrequiredbythisitemisincorporatedbyreferencetotheinformationinPartIII.Item12.ofthisAnnualReportonForm10-K.
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