ORCC » Topics » Issuer Purchases of Equity Securities

This excerpt taken from the ORCC 10-Q filed May 12, 2008.
Issuer Purchases of Equity Securities
 
                                 
                      Maximum Number (or
 
                Total Number of
    Approximate Dollar
 
                Shares Purchased as
    Value of Shares That
 
          Average
    Part of Publicly
    may Yet be
 
    Total Number of
    Price Paid
    Announced Plans or
    Purchased Under the
 
    Shares Purchased     per Share     Programs     Plans or Programs  
 
January 1- January 31
    120,929 (1)   $ 12.07              
February 1 - February 29
                       
March 1 - March 21
    68,988 (1)   $ 11.15              
                                 
      189,917                          
                                 
 
 
(1) As part of the purchase consideration for Internet Transaction Solutions, Inc. (“ITS”), we agreed to provide the former shareholders of ITS with price protection related to the 2,216,552 shares issued to them for a period of one year from the date the shares were issued, which was August 10, 2007 (the “Closing Date”). Under the guarantee, if the volume weighted average price of our shares for the 10 trading-day period ending two business days before the six, nine and twelve month anniversary dates of the Closing Date is less than $11.15, these shareholders have the right to put their shares to us. We can pay cash for the difference or issue additional shares. These shares purchased represent the price protection for three of the former ITS shareholders.
 
ITEM 3.   DEFAULTS UPON SENIOR SECURITIES.
 
None
 
ITEM 4.   SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.
 
None
 
ITEM 5.   OTHER INFORMATION.
 
None
 
ITEM 6.   EXHIBITS.
 
             
  Exhibit 31 .1     Rule 13a-14a Certification of Chief Executive Officer
  Exhibit 31 .2     Rule 13a-14a Certification of Chief Financial Officer
  Exhibit 32       Certification Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (Subsections(a) and(b) of Section 1350, Chapter 63 of Title 18, United States Code)


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