VRSN » Topics » ISSUER PURCHASES OF EQUITY SECURITIES

This excerpt taken from the VRSN 10-Q filed Jul 12, 2007.

ISSUER PURCHASES OF EQUITY SECURITIES

 

Period

  

Total Number

of Shares

Purchased

  

Average

Price Paid

per Share

  

Total Number

of Shares

Purchased as

Part of Publicly

Announced

Plans or

Programs

  

Approximate

Dollar Value of

Shares That

May Yet Be

Purchased

Under the Plans

or Programs

July 1 – 31, 2006

   7,338    —      7,338    984.6 million

August 1 – 31, 2006

   —      —      —      984.6 million

September 1 – 30, 2006

   —      —      —      984.6 million
               

Total

   7,338       7,338   
               

On May 16, 2006, the Board of Directors of VeriSign authorized a new stock repurchase program to repurchase up to $1 billion of VeriSign’s common stock on the open market, or in negotiated or block trades.

During the nine months ended September 30, 2006, VeriSign settled its $250 million and $75 million Accelerated Share Repurchase (“ASR”) agreements. As a result of settling the respective ASR agreements, VeriSign received an additional 482,459 shares and 10,609 shares of its common stock.

During the nine months ended September 30, 2006, VeriSign entered into a new $60.0 million ASR agreement to purchase approximately 2.8 million shares of its common stock at a price per share of approximately $21.75. On July 25, 2006, VeriSign settled this ASR and received an additional 7,338 shares of its common stock.

This excerpt taken from the VRSN 10-Q filed May 10, 2006.

ISSUER PURCHASES OF EQUITY SECURITIES

 

Period

  

Total Number

of Shares

Purchased

  

Average

Price Paid

per Share

  

Total Number

of Shares

Purchased as

Part of Publicly

Announced

Plans or

Programs

  

Approximate

Dollar Value of

Shares That

May Yet Be

Purchased

Under the Plans

or Programs

January 1 – 31, 2006

   482,459    $ 22.20    482,459    $ 119.7 million

February 1 – 28, 2006

   3,164,557      23.70    3,164,557      44.7 million

March 1 – 31, 2006

   —        —      —        —  
               

Total

   3,647,016       3,647,016   
               

 

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On August 2, 2005, the Board of Directors of VeriSign authorized a new stock repurchase program to repurchase up to $500 million of the Company’s common stock in open market, negotiated or block transactions.

During the three months ended March 31, 2006, VeriSign settled its Accelerated Share Repurchase (“ASR”) agreement executed in the fourth quarter of 2005. As a result of settling the ASR, VeriSign received an additional 482,459 shares of its common stock.

During the three months ended March 31, 2006, VeriSign entered into a new $75.0 million ASR agreement to purchase approximately 3.2 million shares of its common stock at a price per share of approximately $23.70.

 

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This excerpt taken from the VRSN 10-Q filed Nov 9, 2005.

ISSUER PURCHASES OF EQUITY SECURITIES

 

Period


   Total Number
of Shares
Purchased


   Average
Price Paid
per Share


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


   Approximate
Dollar Value of
Shares That
May Yet Be
Purchased
Under the Plans
or Programs


July 1 – 31, 2005

   3,151,616      26.06    3,151,616    $ 82.1 million

August 1 – 31, 2005

   5,427,794    $ 24.36    5,427,794      132.2 million

September 1 – 30, 2005

   —        —      —        —  
    
  

  
  

Total

   8,579,410    $ 24.99    8,579,410    $ 214.3 million
    
         
      

 

On April 26, 2001, VeriSign announced that the Board of Directors authorized the repurchase of up to $350 million of the Company’s common stock in open market, negotiated or block transactions. This stock repurchase program was completed in the third quarter of 2005.

 

On August 2, 2005, the Board of Directors of VeriSign authorized a new stock repurchase program to repurchase up to $500 million of the Company’s common stock in open market, negotiated or block transactions.

 

This excerpt taken from the VRSN 10-Q filed Aug 9, 2005.

ISSUER PURCHASES OF EQUITY SECURITIES

 

Period


   Total Number
of Shares
Purchased


   Average
Price Paid
per Share


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


   Approximate
Dollar Value of
Shares That
May Yet Be
Purchased
Under the Plans
or Programs


April 1 – 30, 2005

   —        —      —      $ 167.2 million

May 1 – 31, 2005

   1,553,000    $ 27.35    1,553,000      124.8 million

June 1 – 30, 2005

   —        —      —        —  
    
  

  
  

Total

   1,553,000    $ 27.35    1,553,000    $ 124.8 million
    
         
      

 

On April 26, 2001, VeriSign announced that the Board of Directors authorized the repurchase of up to $350 million of the Company’s common stock for cash in open market, negotiated or block transactions.

 

ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

 

The 2005 Annual Meeting of Stockholders was held on May 26, 2005 at our corporate offices, located at 487 East Middlefield Road, Mountain View, California. Two proposals were voted on at the meeting. The results of each proposal are as follows.

 

Proposal No. 1 to elect three (3) Class I directors to serve for a three-year term expiring at the Annual Meeting of Stockholders in 2008 was approved by the stockholders. The nominees received the following votes:

 

     For

   Withheld

Scott G. Kriens

   208,102,825    15,735,228

Len J. Lauer

   205,108,391    18,729,662

Stratton D. Sclavos

   211,233,873    12,604,180

 

Incumbent Class II directors Roger H. Moore, Edward A. Mueller and William A. Roper, Jr. are currently serving for a term expiring at the Annual Meeting of Stockholders in 2006. Incumbent Class III directors, D. James Bidzos, William L. Chenevich, Gregory L. Reyes and Louis A. Simpson are currently serving for a term expiring at the Annual Meeting of Stockholders in 2007.

 

In Proposal No. 2, stockholders ratified the appointment of KPMG LLP as independent auditors of VeriSign for the fiscal year ending December 31, 2004. This proposal received the following votes:

 

     Votes

For

   223,176,830

Against

   579,235

Abstain

   81,988

 

Abstentions and broker non-votes were included in the determination of the number of shares represented at the meeting for purposes of determining the presence of a quorum at the Annual Meeting of Stockholders. Abstentions had the same effect as a vote against Proposal No. 2.

 

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ITEM 6. EXHIBITS

 

(a) Index to Exhibits

 

Exhibit
Number


  

Exhibit Description


   Filed
Herewith


31.01    Certification of President, Chief Executive Officer and Chairman of the Board pursuant to Exchange Act Rule 13a-14(a).    X
31.02    Certification of Executive Vice President of Finance and Administration and Chief Financial Officer pursuant to Exchange Act Rule 13a-14(a).    X
32.01    Certification of President, Chief Executive Officer and Chairman of the Board pursuant to Exchange Act Rule 13a-14(b) and Section 1350 of Chapter 63 of Title 18 of the United States Code (18 U.S.C. 1350). *    X
32.02    Certification of Executive Vice President of Finance and Administration and Chief Financial Officer pursuant to Exchange Act Rule 13a-14(b) and Section 1350 of Chapter 63 of Title 18 of the United States Code (18 U.S.C. 1350). *    X

* As contemplated by SEC Release No. 33-8212, these exhibits are furnished with this Quarterly Report on Form 10-Q and are not deemed filed with the Securities and Exchange Commission and are not incorporated by reference in any filing of VeriSign, Inc. under the Securities Act of 1933 or the Securities Act of 1934, whether made before or after the date hereof and irrespective of any general incorporation language in such filings.

 

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