EQ » Topics » Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

This excerpt taken from the EQ 10-Q filed May 1, 2008.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

Issuer Purchases of Equity Securities

 

Quarter Ended March 31, 2008

   Total Number of
Shares Purchased (1)
   Average Price
Paid per Share (2)
   Total Number of Shares
Purchased as Part of
Publicly Announced
Plans or Programs (3)
   Maximum Number (or
Approximate Dollar
Value)
of Shares that May

Yet Be Purchased
Under

the Plan or Program

January 1 through January 31

   —      $ —      —      $ 500,000,000

February 1 through February 29

   469,001      43.10    469,001      479,787,450

March 1 through March 31

   2,880,989      39.97    2,880,989      364,626,547
                       

Total

   3,349,990    $ 40.41    3,349,990    $ 364,626,547
                       

 

(1) Repurchases were made pursuant to an automatic trading plan executed pursuant to Rule 10b5-1 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) and were executed in accordance with the provisions of Rule 10b-18 of the Exchange Act.

 

(2) Average Price Paid per Share does not include transaction costs.

 

(3) On January 9, 2008, the Company announced a program to repurchase shares of its common stock in an aggregate amount of up to $500 million. This share repurchase program will terminate on June 30, 2009, unless extended by Embarq’s Board of Directors.
This excerpt taken from the EQ 10-Q filed Nov 2, 2007.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

Issuer Purchases of Equity Securities

 

Quarter Ended September 30, 2007

  

Total Number of

Shares Purchased (1)

  

Average Price

Paid per Share (2)

   Total Number of Shares
Purchased as Part of
Publicly Announced
Plans or Programs
  

Maximum Number (or

Approximate Dollar

Value)
of Shares that May

Yet Be Purchased
Under

the Plan or Program

July 1 through July 31

   21    $ 63.89    —      —  

August 1 through August 31

   77      59.03    —      —  

September 1 through September 30

   49      —      —      —  
                     

Total

   147    $ 60.07    —      —  
                     

(1) Acquisitions of common stock during the third quarter 2007 were pursuant to the terms of our 2006 Equity Incentive Plan and consist of the surrender of restricted stock to pay required minimum tax withholding upon vesting of the restricted stock and the forfeiture of restricted stock. The above table does not include shares purchased on the open market by Embarq’s benefit plans pursuant to the reinvestment of cash dividends in Embarq common stock held by the plans’ stock funds.

 

(2) Excludes forfeited restricted stock since the purchase price was zero. The purchase price of a share of stock used for tax withholding is the amount of withholding paid per share used for that purpose.
This excerpt taken from the EQ 10-Q filed Aug 1, 2007.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

Issuer Purchases of Equity Securities

 

Quarter Ended June 30, 2007

  

Total Number of

Shares Purchased (1)

  

Average Price

Paid per Share (2)

   Total Number of Shares
Purchased as Part of
Publicly Announced
Plans or Programs
  

Maximum Number (or

Approximate Dollar

Value)
of Shares that May

Yet Be Purchased
Under

the Plan or Program

April 1 through April 30

   —      $ —      —      —  

May 1 through May 31

   —        —      —      —  

June 1 through June 30

   20      62.27    —      —  
                     

Total

   20    $ 62.27    —      —  
                     

(1) Acquisitions of common stock during the second quarter 2007 were pursuant to the terms of our 2006 Equity Incentive Plan and consist of the surrender of restricted stock to pay required minimum tax withholding upon vesting of the restricted stock. The above table does not include shares purchased on the open market by Embarq’s benefit plans pursuant to the reinvestment of cash dividends in Embarq common stock held by the plans’ stock funds.

 

(2) The purchase price of a share of stock used for tax withholding is the amount of withholding paid per share used for that purpose.
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