Vonage 2014 Annual Report Download - page 27

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Table of Contents
23 VONAGE ANNUAL REPORT 2014
determined by management based on its evaluation of market
conditions, the trading price of the stock and will vary based on available
capital resources and other financial and operational performance,
market conditions, securities law limitations, and other factors.
Repurchases may be made in the open market or through private
transactions from time to time. The repurchases will be made using
available cash balances. In any period, cash used in financing activities
related to common stock repurchases may differ from the comparable
change in stockholders' equity, reflecting timing differences between the
recognition of share repurchase transactions and their settlement for
cash.