Quarterly report pursuant to Section 13 or 15(d)

Equity (Tables)

v3.3.0.814
Equity (Tables)
9 Months Ended
Sep. 30, 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   

6/16/15

   6/30/15    7/9/15    $ 0.26   

9/16/15

   9/30/15    10/8/15    $ 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

     14.15       $ 12.50       $ 160   

4/29/14

     5.75       $ 13.00       $ 70   

10/31/14

     4.60       $ 13.60       $ 59   

5/4/15

     4.60       $ 18.50       $ 82   

10/19/15

     5.75       $ 18.00       $ 99   

 

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

     586,648         17.29         10.2   

Vested

     (235,774      13.16         (3.1

Forfeited

     (18,110      15.54         (0.3
  

 

 

    

 

 

    

 

 

 

Ending Balance — September 30, 2015

     1,297,584       $ 15.18       $ 19.7