Quarterly report pursuant to Section 13 or 15(d)

Equity (Tables)

v2.4.1.9
Equity (Tables)
 3 Months Ended
Mar. 31, 2015
Equity [Abstract]  
Summary of Dividends Declared by Board of Directors

Our board of directors declared the following dividends in 2014 and 2015:

 

Announced Date

    Record
Date		      Pay
Date		    Amount
per
share		  

3/13/14

      3/27/14       4/9/14    $ 0.22   

6/17/14

      6/27/14       7/10/14    $ 0.22   

9/16/14

      9/26/14       10/9/14    $ 0.22   

12/8/14

      12/19/14       1/9/15    $ 0.26   

3/17/15

      3/30/15       4/9/15    $ 0.26   
Schedule of Common Stock Public Offerings

We completed the following public offerings of common stock:

 

Closing Date

    Shares
Issued1		      Price Per
Share		      Net
Proceeds 2		  
     (amounts in millions, except per share amounts)  

4/23/13

      14.2       $ 12.50       $ 160   

4/29/14

      5.8       $ 13.00       $ 70   

10/31/14

      4.6       $ 13.60       $ 59   

5/4/15

      4.6       $ 18.50       $ 81   

 

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, other offering costs and, in the case of our initial public offering, formation transaction costs.
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) 		 

Balance — December 31, 2013

      598,815         12.50       $ 7.5   

Granted

      529,100         14.18         7.5   

Vested

      (149,709 )       12.50         (1.9 ) 

Forfeited

      (13,386 )       12.99         (0.2 ) 
  

 

 

     

 

 

     

 

 

  

Balance — December 31, 2014

   964,820      13.41    $ 12.9   

Granted

   564,716      17.27      9.8   

Vested

   (9,250 )    14.61      (0.1 ) 

Forfeited

   —        —        —     
  

 

 

     

 

 

     

 

 

  

Ending Balance — March 31, 2015

   1,520,286      14.84    $ 22.6