eFax 2011 Annual Report Download - page 41

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In May 2010, our Board of Directors approved a program authorizing the repurchase of up to ten million shares of our common stock
through the end of April 30, 2012 (the “2010 Program”).
During the year ended December 31, 2011, we did not repurchase any shares under the
2010 Program. Effective February 15, 2012, our Board of Directors terminated and replaced this 2010 Program with a program authorizing the
repurchase of up to five million shares of our common stock through February 20, 2013. On February 15, 2012, we entered into a Rule 10b5-
1
trading plan with a broker to facilitate this new repurchase program.
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