NOOF » Topics » Issuer Purchases of Equity Securities

This excerpt taken from the NOOF DEF 14A filed Jul 15, 2009.

Issuer Purchases of Equity Securities

        In June 2008, the Company's Board of Directors extended a share repurchase plan allowing for the repurchase of approximately 1.1 million shares of common stock through June 2010. During the six month period ended September 30, 2008, the Company substantially completed the share repurchase plan and repurchased approximately 1.1 million shares for a total purchase price of approximately $4.3 million.

        On November 14, 2008, the Company entered into a Stock Purchase Agreement pursuant to which a shareholder agreed to sell and the Company agreed to purchase approximately 2.6 million shares of the Company's common stock for a cash purchase price of $1.55 per share or an aggregate purchase price for all of the shares of approximately $4.1 million. The Company funded the acquisition of the shares with available cash.

        On March 11, 2009, the Company purchased through one broker in an unsolicited single block trade approximately 0.5 million shares of its common stock for a cash purchase price of $1.30 per share, or an aggregate purchase price for all of the shares of approximately $0.7 million. The acquisition was funded with available cash. Similar to the repurchase in November 2008, the acquisition was approved by the Company's Board of Directors and was effected in a manner intended to comply with the safe harbor provisions provided by Rule 10b-18 under the Securities Exchange Act of 1934. Common stock purchases by the Company during the fourth quarter of fiscal year 2009 were as follows (in thousands, except per share amounts):

Period
  Total Number
of Shares
Purchased
  Average Price
Paid Per Share
  Total Number of
Shares Purchased as
Part of Publicly
Announced Plans or
Programs
  Maximum Number of
Shares that May
Yet Be Purchased
Under the Plans
or Programs
 

January 1 - 31, 2009

      $         3  

February 1 - 28, 2009

                3  

March 1 - 31, 2009

    541     1.30         3  
                       

Total

    541   $ 1.30            
                       

A-3


These excerpts taken from the NOOF 10-K filed Jun 12, 2009.

Issuer Purchases of Equity Securities

        In June 2008, the Company's Board of Directors extended a share repurchase plan allowing for the repurchase of approximately 1.1 million shares of common stock through June 2010. During the six month period ended September 30, 2008, the Company substantially completed the share repurchase plan and repurchased approximately 1.1 million shares for a total purchase price of approximately $4.3 million.

        On November 14, 2008, the Company entered into a Stock Purchase Agreement pursuant to which a shareholder agreed to sell and the Company agreed to purchase approximately 2.6 million shares of the Company's common stock for a cash purchase price of $1.55 per share or an aggregate purchase price for all of the shares of approximately $4.1 million. The Company funded the acquisition of the shares with available cash.

        On March 11, 2009, the Company purchased through one broker in an unsolicited single block trade approximately 0.5 million shares of its common stock for a cash purchase price of $1.30 per share, or an aggregate purchase price for all of the shares of approximately $0.7 million. The acquisition was funded with available cash. Similar to the repurchase in November 2008, the acquisition was approved by the Company's Board of Directors and was effected in a manner intended to comply with the safe harbor provisions provided by Rule 10b-18 under the Securities Exchange Act of 1934. Common stock purchases by the Company during the fourth quarter of fiscal year 2009 were as follows (in thousands, except per share amounts):

Period
  Total Number
of Shares
Purchased
  Average Price
Paid Per Share
  Total Number of
Shares Purchased as
Part of Publicly
Announced Plans or
Programs
  Maximum Number of
Shares that May
Yet Be Purchased
Under the Plans
or Programs
 

January 1 - 31, 2009

      $         3  

February 1 - 28, 2009

                3  

March 1 - 31, 2009

    541     1.30         3  
                       

Total

    541   $ 1.30            
                       

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Table of Contents

Issuer Purchases of Equity Securities



        In June 2008, the Company's Board of Directors extended a share repurchase plan allowing for the repurchase of approximately
1.1 million shares of common stock through June 2010. During the six month period ended September 30, 2008, the Company substantially completed the share repurchase plan and repurchased
approximately 1.1 million shares for a total purchase price of approximately $4.3 million.



        On
November 14, 2008, the Company entered into a Stock Purchase Agreement pursuant to which a shareholder agreed to sell and the Company agreed to purchase approximately
2.6 million shares of the Company's common stock for a cash purchase price of $1.55 per share or an aggregate purchase price for all of the shares of approximately $4.1 million. The
Company funded the acquisition of the shares with available cash.



        On
March 11, 2009, the Company purchased through one broker in an unsolicited single block trade approximately 0.5 million shares of its common stock for a cash purchase
price of $1.30 per share, or an aggregate purchase price for all of the shares of approximately $0.7 million. The acquisition was funded with available cash. Similar to the repurchase in
November 2008, the acquisition was approved by the Company's Board of Directors and was effected in a manner intended to comply with the safe harbor provisions provided by
Rule 10b-18 under the Securities Exchange Act of 1934. Common stock purchases by the Company during the fourth quarter of fiscal year 2009 were as follows (in thousands, except per
share amounts):






























































































































Period



 Total Number

of Shares

Purchased
 Average Price

Paid Per Share
 Total Number of

Shares Purchased as

Part of Publicly

Announced Plans or

Programs
 Maximum Number of

Shares that May

Yet Be Purchased

Under the Plans

or Programs
 

January 1 - 31, 2009

   $    3 

February 1 - 28, 2009

        3 

March 1 - 31, 2009

  541  1.30    3 
            

Total

  541 $1.30      
            



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HREF="#bg40501a_main_toc">Table of Contents



This excerpt taken from the NOOF DEF 14A filed Jul 28, 2008.

Issuer Purchases of Equity Securities

        In December 2005, the Company's Board of Directors approved a 2.0 million share repurchase plan to be executed over 30 months. The Company purchased approximately 0.3 million shares under this plan during fiscal year 2007, and 0.6 million shares under the plan during fiscal year 2008. At March 31, 2008, approximately 1.1 million shares of common stock remained available for repurchase under the plan. In June 2008, the Board of Directors extended the duration of the repurchase program through June 2010. Repurchases can be made from time to time as market conditions warrant, through open market purchases, negotiated transactions, or in such other manner as may be deemed appropriate by the Company. Shares of common stock reacquired by the Company are returned to authorized but unissued shares.

        Common stock purchases by the Company under the authorized repurchase plan in the fourth quarter of fiscal year 2008 were as follows (in thousands, except per share amounts):

Period
  Total Number of Shares Purchased   Average Price Paid Per Share   Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs   Maximum Number of Shares that May Yet Be Purchased Under the Plans or Programs  

January 1-31, 2008

      $         1,136  

February 1-29, 2008

                1,136  

March 1-31, 2008

    7     4.94     7     1,129  
                       

Total

    7   $ 4.94     7        
                       

A-4


These excerpts taken from the NOOF 10-K filed Jun 13, 2008.

Issuer Purchases of Equity Securities

        In December 2005, the Company's Board of Directors approved a 2.0 million share repurchase plan to be executed over 30 months. The Company purchased approximately 0.3 million shares under this plan during fiscal year 2007, and 0.6 million shares under the plan during fiscal year 2008. At March 31, 2008, approximately 1.1 million shares of common stock remained available for repurchase under the plan. In June 2008, the Board of Directors extended the duration of the repurchase program through June 2010. Repurchases can be made from time to time as market conditions warrant, through open market purchases, negotiated transactions, or in such other manner as may be deemed appropriate by the Company. Shares of common stock reacquired by the Company are returned to authorized but unissued shares.

        Common stock purchases by the Company under the authorized repurchase plan in the fourth quarter of fiscal year 2008 were as follows (in thousands, except per share amounts):

Period

  Total Number of Shares Purchased
  Average Price Paid Per Share
  Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs
  Maximum Number of Shares that May Yet Be Purchased Under the Plans or Programs
January 1-31, 2008     $     1,136
February 1-29, 2008           1,136
March 1-31, 2008   7     4.94   7   1,129
   
       
   
Total   7   $ 4.94   7    
   
       
   

18


Issuer Purchases of Equity Securities



        In December 2005, the Company's Board of Directors approved a 2.0 million share repurchase plan to be executed over 30 months. The Company purchased
approximately 0.3 million shares under this plan during fiscal year 2007, and 0.6 million shares under the plan during fiscal year 2008. At March 31, 2008, approximately
1.1 million shares of common stock remained available for repurchase under the plan. In June 2008, the Board of Directors extended the duration of the repurchase program through June 2010.
Repurchases can be made from time to time as market conditions warrant, through open market
purchases, negotiated transactions, or in such other manner as may be deemed appropriate by the Company. Shares of common stock reacquired by the Company are returned to authorized but unissued
shares.



        Common
stock purchases by the Company under the authorized repurchase plan in the fourth quarter of fiscal year 2008 were as follows (in thousands, except per share amounts):
























































































Period

 Total Number of Shares Purchased
 Average Price Paid Per Share
 Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs
 Maximum Number of Shares that May Yet Be Purchased Under the Plans or Programs
January 1-31, 2008  $  1,136
February 1-29, 2008     1,136
March 1-31, 2008 7  4.94 7 1,129
  
    
  
Total 7 $4.94 7  
  
    
  



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