Quarterly report pursuant to Section 13 or 15(d)

Equity (Tables)

v3.5.0.2
Equity (Tables)
 6 Months Ended
Jun. 30, 2016
Equity [Abstract]  
Summary of Dividends Declared by Board of Directors

Our board of directors declared the following dividends in 2015 and 2016:

 

Announced Date

    Record Date    Pay Date    Amount per
share 		 

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   

3/15/16

    3/30/16    4/7/16    $ 0.30   

6/07/16

    7/06/16    7/14/16    $ 0.30   

Schedule of Common Stock Public Offerings and ATM Offerings

We completed the following public offerings and ATM offerings of our common stock in 2015 and 2016:

 

Closing Date

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

5/4/15

    Public Offering      4.60       $ 18.50 3     $ 82   

10/19/15

    Public Offering      5.75       $ 18.00 3     $ 99   

6/21/16

    Public Offering      4.60       $ 19.78 4     $ 91   

5/9/16 to 6/30/16

    ATM      0.065       $ 20.31 5     $ 1   

 

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 public offering price per share.
4  Represents the price per share at which the underwriters in our public offerings purchased shares from our company.
5  Represents the average price per share at which investors in our ATM offerings purchased shares from our company.
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, 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 ) 
  

 

 

     

 

 

     

 

 

  

Balance — December 31, 2015

      1,248,069       $ 15.16       $ 18.9   

Granted

      652,503         18.58         12.2   

Vested

      (566,174 )       13.74         (7.8 ) 

Forfeited

      (4,372 )       17.47         (0.1 ) 
  

 

 

     

 

 

     

 

 

  

Ending Balance — June 30, 2016

      1,330,026       $ 17.44       $ 23.2