HST » Topics » Issuer Purchases of Equity Securities

This excerpt taken from the HST 10-Q filed Apr 23, 2009.

Issuer Purchases of Equity Securities

 

Period

   Total Number of
Common Shares
Purchased
    Average Price
Paid per
Common Share
    Total Number of Common
Shares Purchased as Part of
Publicly Announced Plans or
Programs
   Approximate Dollar Value of
Common Shares that May
Yet Be Purchased Under the
Plans or Programs

(in millions)

January 1, 2009—January 31, 2009

   40,736 *   $ 7.69 *   —      $ 318

February 1, 2009—February 28, 2009

   1,283,252 **   $ 5.22 **   —        318

March 1, 2009—March 27, 2009

   —         —       —        249
             

Total

   1,323,988     $ 5.88     —      $ 249
             

 

* Reflects shares of restricted stock withheld and used for the purpose of paying taxes in connection with the release of restricted common stock to plan participants (the $7.69 purchase price is the average price of Host common stock on the date of release).
** Reflects 1,170,602 shares of restricted common stock forfeited for failure to meet vesting criteria and 112,650 shares of restricted stock withheld and used for the purpose of paying taxes in connection with the release of restricted common stock to plan participants (the $5.22 purchase price is the average price of Host common stock on the date of release for those 112,650 shares).
On February 20, 2008, Host announced that its Board of Directors had authorized a program to repurchase up to $500 million of common stock in open market transactions or through private transactions. The plan does not obligate Host to repurchase any specific number of shares and may be suspended at any time. There is no expiration date for the program. No common shares were repurchased as part of this program during the first quarter. However, Host LP did repurchase $75 million aggregate principal amount of its 3.25% Exchangeable Senior Debentures during the period which, under the terms of the Board authorization, reduced the amount eligible for common share repurchases by Host by the approximate $69 million in cash paid for the debentures. As a result of these purchases, we currently have approximately $249 million left under the Board authorization for future repurchases.
This excerpt taken from the HST 10-Q filed Oct 15, 2008.

Issuer Purchases of Equity Securities

 

Period

   Total Number
of Common Shares
Purchased
    Average Price
Paid per
Common Share
    Total Number of Common
Shares Purchased as Part of
Publicly Announced Plans or
Programs
   Approximate Dollar Value of
Common Shares that May
Yet Be Purchased Under the
Plans or Programs

June 14, 2008 - July 13, 2008

   —       $ —       —      $ —  

July 14, 2008 - August 13, 2008

   1,600,322 *     13.07 *   5,950,000      407 million

August 14, 2008 - September 5, 2008

   500,100 *     13.45 *   6,450,100      400 million
             

Total

   2,100,422     $ 13.16     6,450,100    $ 400 million
             

 

* On February 20, 2008, Host announced that its Board of Directors had authorized a program to repurchase up to $500 million of common stock in open market transactions or through private transactions. The plan does not obligate Host to repurchase any specific number of shares and may be suspended at any time. There is no expiration date for the program. Of the shares purchased during the period from July 14, 2008 to August 13, 2008, 1,600,000 shares were purchased through this program and the remaining 322 shares reflect restricted common stock withheld and used for the purpose of paying taxes in connection with the release of restricted common shares to plan participants.

 

Item 6. Exhibits

The exhibits listed on the accompanying Exhibit Index are filed as part of this report and such Exhibit Index is incorporated herein by reference.

 

Exhibit No.

 

Description

12.1

  Computation of Ratio of Earnings to Fixed Charges and Preferred Stock Dividends.

31.1

  Certification of Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

31.2

  Certification of Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

32†

  Certificate of Chief Executive Officer and Chief Financial Officer pursuant to 18 U.S.C. 1350, as created by Section 906 of the Sarbanes-Oxley Act of 2002.

 

This certificate is being furnished solely to accompany the report pursuant to 18 U.S.C. 1350 and is not being filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and is not to be incorporated by reference into any filing of the Company, whether made before or after the date hereof, regardless of any general incorporation language in such filing.

 

35


Table of Contents
This excerpt taken from the HST 10-Q filed Jul 21, 2008.

Issuer Purchases of Equity Securities

 

Period

   Total
Number of
Common

Shares
Purchased
    Average
Price
Paid

per
Common
Share
    Total
Number of
Common
Shares
Purchased
as Part of
Publicly
Announced
Plans or
Programs
   Approximate
Dollar Value of
Common
Shares that
May Yet Be
Purchased
Under the
Plans or
Programs

March 22, 2008 - April 21, 2008

   1,088 *   $ —       —      $ —  

April 22, 2008 - May 21, 2008

   45 **     17.42 **   —        —  

May 22, 2008 - June 13, 2008

   2,200,000     18.82   4,350,000      428 million
               

Total

   2,201,133     $ 18.82     4,350,000    $  428 million
               

 

* Reflects shares of restricted common stock forfeited for failure to meet vesting criteria.
** Reflects shares of restricted stock withheld and used for purposes of paying taxes in connection with the release of restricted common shares to plan participants. The average price paid reflects the average market value of shares withheld for tax purposes.
On February 20, 2008, Host announced that its Board of Directors had authorized a program to repurchase up to $500 million of common stock in open market transactions or through private transactions. The plan does not obligate Host to repurchase any specific number of shares and may be suspended at any time. There is no expiration date for the program.

 

Item 4. Submission of Matters to a Vote of Security Holders
This excerpt taken from the HST 10-Q filed Apr 28, 2008.

Issuer Purchases of Equity Securities

 

Period

   Total Number of Common
Shares Purchased
    Average Price Paid
per Common Share
   Total Number of Common
Shares Purchased as Part of
Publicly Announced Plans or
Programs
    Approximate Dollar Value of
Common Shares that May
Yet Be Purchased Under the
Plans or Programs
 

January 1, 2008—January 31, 2008

   —       $ —      —       $ —    

February 1, 2008—February 28, 2008

   —         —      —         —    

March 1, 2008—March 21, 2008

   2,150,840 *     16.36    2,150,000 *     465 million *
                 

Total

   2,150,840 *   $ 16.36    2,150,000 *   $ 465 million *
                 

 

* On February 20, 2008, Host announced that its Board of Directors had authorized a program to repurchase up to $500 million of common stock in open market transactions or through private transactions. The plan does not obligate Host to repurchase any specific number of shares and may be suspended at any time. There is no expiration date for the program. Of the shares purchased, 2,150,000 shares were purchased through this program and the remaining 840 shares reflect restricted common stock to Host employees that were forfeited for failure to meet vesting criteria.

 

Item 6. Exhibits

The exhibits listed on the accompanying Exhibit Index are filed as part of this report and such Exhibit Index is incorporated herein by reference.

 

Exhibit No.

  

Description

12.1

   Computation of Ratio of Earnings to Fixed Charges and Preferred Stock Dividends.

31.1

   Certification of Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

31.2

   Certification of Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

32†

   Certificate of Chief Executive Officer and Chief Financial Officer pursuant to 18 U.S.C. 1350, as created by Section 906 of the Sarbanes-Oxley Act of 2002.

 

This certificate is being furnished solely to accompany the report pursuant to 18 U.S.C. 1350 and is not being filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and is not to be incorporated by reference into any filing of the Company, whether made before or after the date hereof, regardless of any general incorporation language in such filing.

 

25


Table of Contents
This excerpt taken from the HST 10-Q filed Oct 15, 2007.

Issuer Purchases of Equity Securities

 

Period

  

Total Number of Common

Shares Purchased

   

Average Price Paid

per Common Share

   Total Number of Common
Shares Purchased as Part of
Publicly Announced Plans or
Programs
   Maximum Number (Or
Approximate Dollar Value) of
Common Units that May Yet
Be Purchased Under the Plans
or Programs

June 16, 2007 -

     $ —      —      —  

July 15, 2007

   2,084 *        

July 16, 2007 -

     $ —      —      —  

August 15, 2007

   —            

August 16, 2007 -

          

September 7, 2007

   —       $ —      —      —  
              

Total

   2,084 *   $ —        
              
          

* Reflects shares of restricted common stock forfeited for failure to meet vesting criteria.

 

Item 6. Exhibits

The exhibits listed on the accompanying Exhibit Index are filed as part of this report and such Exhibit Index is incorporated herein by reference.

 

Exhibit No.

 

Description

12.1   Computation of Ratio of Earnings to Fixed Charges and Preferred Stock Dividends.
31.1   Certification of Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
31.2   Certification of Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
32†   Certificate of Chief Executive Officer and Chief Financial Officer pursuant to 18 U.S.C. 1350, as created by Section 906 of the Sarbanes-Oxley Act of 2002.

This certificate is being furnished solely to accompany the report pursuant to 18 U.S.C. 1350 and is not being filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and is not to be incorporated by reference into any filing of the Company, whether made before or after the date hereof, regardless of any general incorporation language in such filing.

 

34


Table of Contents
This excerpt taken from the HST 10-Q filed Jul 24, 2007.

Issuer Purchases of Equity Securities

 

Period

   Total Number of Common
Shares Purchased
    Average Price Paid
per Common Share
   Total Number of Common
Shares Purchased as Part of
Publicly Announced Plans or
Programs
   Maximum Number (Or
Approximate Dollar Value) of
Common Units that May Yet
Be Purchased Under the Plans
or Programs

March 24, 2007—April 23, 2007

   —       $ —      —      —  

April 24, 2007—May 23, 2007

   —       $ —      —      —  

May 24, 2007—June 15, 2007

   1,502 *   $ —      —      —  
              

Total

   1,502 *   $ —        
              

* Reflects shares of restricted common stock forfeited for failure to meet vesting criteria.

 

Item 4. Submission of Matters to a Vote of Security Holders
This excerpt taken from the HST 10-Q filed May 1, 2007.

Issuer Purchases of Equity Securities

 

Period

  

Total Number of
Common

Shares
Purchased

   

Average Price Paid

per Common
Share

   Total Number of
Common Shares
Purchased as Part of
Publicly Announced
Plans or Programs
   Maximum Number (Or
Approximate Dollar Value)
of Common Units that May
Yet Be Purchased Under
the Plans or Programs

January 1, 2007—

          

January 31, 2007

   22,227 *   $ 24.56    —      —  

February 1, 2007—

          

February 28, 2007

   497,954 *   $ 27.83    —      —  

March 1, 2007—

          

March 23, 2007

   —       $ —      —      —  
              

Total

   520,181 *   $ 27.69      
              

 

* Reflects shares of restricted common stock withheld and used for purposes of paying taxes in connection with the release of restricted common shares to plan participants. The average price paid reflects the average market value of shares withheld for tax purposes.
This excerpt taken from the HST 10-Q filed May 3, 2006.

Issuer Purchases of Equity Securities

 

Period

  

Total Number of Common

Shares Purchased

   

Average Price Paid

per Common Share

   Total Number of Common
Shares Purchased as Part of
Publicly Announced Plans
or Programs
   Maximum Number (Or
Approximate Dollar Value) of
Common Units that May Yet
Be Purchased Under the Plans
or Programs

January 1, 2006—

        —      —  

    January 31, 2006

   24,554 *   $ 19.01      

February 1, 2006—

        —      —  

    February 28, 2006

   —       $ —        

March 1, 2006—

        —      —  

    March 24, 2006

   612,640 *   $ 20.00      

Total

   637,194     $ 19.96      

* Reflects shares of restricted common withheld and used for purposes of paying taxes in connection with the release of restricted common shares to plan participants. The average price paid reflects the age market value of shares withheld for tax purposes.
This excerpt taken from the HST 10-Q filed Jul 25, 2005.

Issuer Purchases of Equity Securities

 

Period


  

Total Number of Common

Shares Purchased


   

Average Price Paid

per Common Share


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


   Maximum Number (Or
Approximate Dollar Value) of
Common Shares that May Yet
Be Purchased Under the Plans
or Programs


March 26, 2005—
April 25, 2005

   —       $ —      —      —  

April 26, 2005—
May 25, 2005

   27,815 *   $ —      —      —  

May 26, 2005—
June 17, 2005

   —       $ —      —      —  

Total

   27,815 *   $ —      —      —  

* Reflects shares of restricted common stock forfeited for failure to meet vesting criteria.

 

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