OSUR » Topics » Share Repurchases and Retirements

These excerpts taken from the OSUR 10-K filed Mar 10, 2009.

Share Repurchases and Retirements

The following is a summary of share repurchase activity during the three months ended December 31, 2008.

Pursuant to our 2000 Stock Award Plan and in connection with the vesting of restricted shares, we retired 135,432 shares to satisfy minimum tax withholding obligations.

In addition, on August 5, 2008, our Board of Directors approved a share repurchase program pursuant to which we are permitted to acquire up to $25.0 million of outstanding shares.

 

Period

   Total
Number
of Shares
Purchased
   Average
Price
Paid
per
Share
   Total
Number of
Shares
Purchased
as part of a
publicly
Announced
Plan or
Program1
   Maximum
Dollar Value
of Shares that
may yet be
Purchased
Under the
Plan or
Program2

October 1, 2008—October 31, 2008

   384,925    $ 4.13    384,925    $ 20,357,484

November 1, 2008—November 30, 2008

   127,360      3.55    127,360      19,905,880

December 1, 2008—December 31, 2008

   11,885      3.11    9,060      19,878,893
               

Total

   524,170    $ 3.97    521,345   
               

 

1

These shares were purchased under our $25.0 million stock repurchase program.

2

Under our stock repurchase program, we are authorized to spend up to an aggregate of $25.0 million for stock repurchases. This column represents the amount that remains available under the $25.0 million stock repurchase program, as of the end of the period indicated. We have made no commitment to purchase any shares, and purchases may be discontinued at any time.

 

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Share Repurchases and Retirements

STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%">The following is a summary of share repurchase activity during the three months ended December 31, 2008.

STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%">Pursuant to our 2000 Stock Award Plan and in connection with the vesting of restricted shares, we retired 135,432 shares to satisfy minimum tax
withholding obligations.

In addition, on August 5, 2008, our Board of Directors approved a share repurchase program pursuant to which
we are permitted to acquire up to $25.0 million of outstanding shares.

 


































































































Period

  Total
Number
of Shares
Purchased
  Average
Price
Paid
per
Share
  Total
Number of
Shares
Purchased
as part of a
publicly
Announced
Plan or
Program1
  Maximum
Dollar Value
of Shares that
may yet be
Purchased
Under the
Plan or
Program2

October 1, 2008—October 31, 2008

  384,925  $4.13  384,925  $20,357,484

November 1, 2008—November 30, 2008

  127,360   3.55  127,360   19,905,880

December 1, 2008—December 31, 2008

  11,885   3.11  9,060   19,878,893
          

Total

  524,170  $3.97  521,345  
          

 





1

These shares were purchased under our $25.0 million stock
repurchase program.





2

Under our stock repurchase program, we are authorized to spend up to an aggregate of $25.0 million for stock
repurchases. This column represents the amount that remains available under the $25.0 million stock repurchase program, as of the end of the period indicated. We have made no commitment to purchase any shares, and purchases may be discontinued at
any time.

 


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EXCERPTS ON THIS PAGE:

10-K (2 sections)
Mar 10, 2009

RELATED TOPICS for OSUR:

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