Annual report pursuant to Section 13 and 15(d)

Equity (Tables)

v3.3.1.900
Equity (Tables)
 12 Months Ended
Dec. 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   

6/16/15

      6/30/15         7/9/15       $ 0.26   

9/16/15

      9/30/15         10/8/15       $ 0.26   

12/15/15

      12/30/15         1/7/16       $ 0.30   
Schedule of Common Stock Public Offerings

We completed the following public offerings of common stock:

 

Closing Date

    Shares
Issued 1		      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 IPO, 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—April 23, 2013

      606,415       $ 12.50       $ 7.6   

Granted

      10,800         12.37         0.1   

Vested

      —           —           —     

Forfeited

      (18,400 )       12.50         (0.2 ) 
  

 

 

     

 

 

     

 

 

  

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

      (285,289 )       13.61         (3.9 ) 

Forfeited

      (18,110 )       15.54         (0.3 ) 
  

 

 

     

 

 

     

 

 

  

Ending Balance—December 31, 2015

      1,248,069       $ 15.16       $ 18.9