Quarterly report pursuant to Section 13 or 15(d)

Equity (Tables)

v3.5.0.2
Equity (Tables)
9 Months Ended
Sep. 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   

9/15/16

   10/05/16    10/13/16    $ 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

     658,753         18.62         12.3   

Vested

     (572,174      13.79         (7.9

Forfeited

     (11,188      17.25         (0.2
  

 

 

    

 

 

    

 

 

 

Ending Balance — September 30, 2016

     1,323,460       $ 17.46       $ 23.1