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PART II
Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
Market for our Common Stock
Our common stock is listed on the New York Stock Exchange (the “NYSE”) and trades under the symbol “NLS.” As of February 25, 2015
,
and low sales prices of our common stock for each period presented:
We did not pay any dividends on our common stock in 2014 or 2013
, and we currently have no plans to pay dividends on our common stock in
which considers various factors such as our financial condition, operating results, current and anticipated cash needs and future expansion plans.
Equity Compensation Plans
See Part III, Item 12 for Equity Compensation Plan information.
Issuer Purchases of Equity Securities
The following table provides information about our repurchases of our equity securities during the fourth quarter ended December 31, 2014 :
13
High
Low
2014:
Quarter 1
$
9.66
$
7.71
Quarter 2
$
11.99
$
7.94
Quarter 3
$
13.31
$
9.75
Quarter 4
$
15.48
$
10.72
2013:
Quarter 1
$
7.66
$
3.48
Quarter 2
$
8.75
$
6.34
Quarter 3
$
9.87
$
6.15
Quarter 4
$
8.49
$
6.76
Period
(a) Total Number of
Shares (or Units)
Purchased
(1)
(b)
Average
Price Paid
per Share
(or Unit)
(c)
Total Number of
Shares (or Units)
Purchased as Part
of Publicly
Announced Plans or
Programs
(2)
(d)
Maximum Number
(or Approximate Dollar
Value) of Shares (or
Units) that May Yet Be
Purchased Under the Plans
or Programs
(2)
October 1 to October 31, 2014 2,307
$
13.38
— $—
November 1 to November 30, 2014 4,467
$
12.83
— $15,000,000
December 1 to December 31, 2014 4,467
$
15.18
— $15,000,000
Total 11,241
$
13.88
— $15,000,000
(1)
Consists of shares withheld from the vesting portion of a restricted stock unit award granted to Bruce M. Cazenave, our Chief Executive
Officer. We will withhold from each monthly vesting portion of the award the number of shares sufficient to satisfy Mr. Cazenave's tax
withholding obligation incident to such vesting, unless Mr. Cazenave should first elect to satisfy the tax obligation by cash payment to us.
(2)
On November 3, 2014, our Board of Directors approved a stock repurchase program that authorizes us to repurchase up to $15 million of our
outstanding common stock from time to time over a period of 24 months. The repurchase program expires November 3, 2016. To date, no
shares have been repurchased pursuant to the program.