Quarterly report pursuant to Section 13 or 15(d)

Equity (Tables)

v3.10.0.1
Equity (Tables)
 9 Months Ended
Sep. 30, 2018
Equity [Abstract]  
Summary of Dividends Declared by Board of Directors
Our board of directors declared the following dividends in 2017 and 2018:
 
Announced Date
 
Record Date
 
Pay Date
 
Amount per
share
3/15/2017
 
4/5/2017
 
 
4/13/2017
 
$
0.33

6/1/2017
 
7/6/2017
 
 
7/13/2017
 
0.33

9/12/2017
 
10/5/2017
 
 
10/16/2017
 
0.33

12/12/2017
 
12/26/2017
(1) 
 
1/11/2018
 
0.33

2/21/2018
 
4/4/2018
 
 
4/12/2018
 
0.33

5/31/2018
 
7/5/2018
 
 
7/12/2018
 
0.33

9/12/2018
 
10/3/2018
 
 
10/11/2018
 
0.33

(1)
 This dividend was treated as a distribution in 2018 for tax purposes.
Schedule of Common Stock Public Offerings and ATM
We completed the following public offerings (including ATM issuances) of our common stock in 2017 and 2018:
Closing Date
 
Common Stock Offerings
 
Shares Issued (1)
 
Price Per Share
 
Net Proceeds (2)
 
 
 
 
(amounts in millions, except per share amounts)
1/20/17 to 2/2/17
 
ATM
 
0.197

 
$
19.18

 
(3) 
 
$
4

3/10/17
 
Public Offering
 
3.450

 
18.73

 
(4) 
 
64

5/17/17 to 6/22/17
 
ATM
 
1.376

 
22.71

 
(3) 
 
31

5/18/18 to 6/25/18
 
ATM
 
0.834

 
18.76

 
(3) 
 
15

(1)
Includes shares issued in connection with the exercise of the underwriters’ option to purchase additional shares.
(2)
Net proceeds from the offerings is shown after deducting underwriting discounts, commissions and other offering costs.
(3)
Represents the average price per share at which investors in our ATM offerings purchased our shares.
(4)
Represents the price per share at which the underwriters in our public offerings purchased our shares.
Summary of Unvested Shares of Restricted Common Stock
A summary of the unvested shares of restricted common stock that have been issued is as follows:
 
Restricted Shares of Common Stock
 
Weighted Average Share Price
 
Value
 
 
 
 
 
(in millions)
Ending Balance — December 31, 2016
1,181,672

 
$
17.76

 
$
21.0

Granted
452,864

 
19.06

 
8.6

Vested
(230,424
)
 
14.41

 
(3.3
)
Forfeited
(4,519
)
 
18.72

 
(0.1
)
Ending Balance — December 31, 2017
1,399,593

 
$
18.73

 
$
26.2

Granted
377,730

 
19.05

 
7.2

Vested
(369,656
)
 
18.88

 
(7.0
)
Forfeited
(96,871
)
 
18.92

 
(1.8
)
Ending Balance — September 30, 2018
1,310,796

 
$
18.77

 
$
24.6

A summary of the unvested shares of restricted stock units that have market based vesting conditions that have been issued is as follows:
 
Restricted Stock Units
 
Weighted Average Share Price
 
Value
 
 
 
 
 
(in millions)
Ending Balance — December 31, 2016
—

 
$
—

 
$
—

Granted
257,284

 
18.99

 
4.9

Vested
(376
)
 
18.99

 
—

Forfeited
(1,202
)
 
18.99

 
—

Ending Balance — December 31, 2017
255,706

 
$
18.99

 
$
4.9

Granted
172,128

 
20.24

 
3.4

Vested
(20,368
)
 
18.99

 
(0.4
)
Forfeited
(18,318
)
 
19.05

 
(0.3
)
Ending Balance — September 30, 2018
389,148

 
$
19.54

 
$
7.6