Employee Stock Purchase Plan
Through the ESPP, eligible employees can share in the Company’s future success through direct stock ownership at a discounted price.
You can purchase shares twice a year through payroll deductions. For more information on how and when you can purchase shares, please view the most recent ESPP Plan Summary. The chart below summarized ESPP purchase details over the past five years.
| PLAN PERIOD | PURCHASE PERIOD COMPLETION | DISCOUNTED PURCHASE PLAN | PURCHASE PRICE DATE* |
|---|---|---|---|
| July 2017 – Dec. 2017 | 12/31/2017 | $7.531 | 07/03/2017 |
| Jan. 2017 – June 2017 | 06/30/2017 | $7.6245 | 06/30/2017 |
| July 2016 – Dec. 2016 | 12/31/2016 | $8.4915 | 12/30/2016 |
| Jan. 2016 – June 2016 | 06/30/2016 | $9.0695 | 01/04/2016 |
| July 2015 – Dec. 2015 | 12/31/2015 | $9.1630 | 12/31/2015 |
| Jan. 2015 – June 2015 | 06/30/2015 | $15.3765 | 01/02/2015 |
| July 2014 – Dec. 2014 | 12/31/2014 | $15.6825 | 12/31/2014 |
| Jan. 2014 – June 2014 | 6/30/2014 | $16.8385 | 6/30/2014 |
| July 2013 – Dec. 2013 | 12/31/2013 | $15.0790 | 7/1/2013 |
| Jan. 2013 – June 2013 | 6/30/2013 | $15.2235 | 6/28/2013 |
| July 2012 – Dec. 2012 | 12/31/2012 | $16.6090 | 12/31/2012 |
| Jan. 2012 – June 2012 | 6/30/2012 | $16.3710 | 1/3/2012 |
*The “Purchase Price” per Share will be at a 15% discount from the lower of the “Market Value” at the beginning of the Offering Period, or the “Market Value” at the end of the Offering Period. Market Value means the closing price for a Share on the New York Stock Exchange for the applicable day, or if unavailable, the average of the closing bid and asked prices per Share at the end of regular trading on such date.
