Stamps.com 2014 Annual Report Download - page 31

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Dividend Policy
We did not pay any dividends during 2013 or 2014.
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, 2014 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 2014, except that as previously disclosed on a Current Report on Form 8-
K, the
acquisition of Acutane LLC involved the potential issuance of a maximum of 768,900 earn out shares. The potential issuance of such shares was
exempt from the registration provisions of the 1933 Act by virtue of Section 4(a)(2) thereof and/or Regulation D thereunder..
Issuer Purchases of Equity Securities
We did not purchase any of our common stock during the fourth quarter of 2014.
On October 29, 2014, our Board of Directors approved a new share repurchase program that replaces all prior repurchase programs and
authorizes the Company to repurchase up to 1.0 million shares of stock during the next twelve 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.
26
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 the equity
compensation plans
(excluding shares reflected in column (a))
806,327
$28.91
206,711
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 the
Plans or Programs
(in 000
’
s)
October 1, 2014 –
October 31, 2014
—
—
—
$
37,150
November 1, 2014
–
November 30, 2014
—
—
—
$
37,150
December 1, 2014 –
December 31, 2014
—
—
—
$
37,150