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