QEP Resources, Inc.

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SEC Filings

10-Q
QEP RESOURCES, INC. filed this Form 10-Q on 11/07/2018
Entire Document
 


ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

On February 28, 2018, QEP announced the authorization by its Board of Directors to repurchase up to $1.25 billion of the Company's outstanding shares of common stock (the February 2018 $1.25 billion Repurchase Program). The timing and amount of any QEP share repurchases will be subject to available liquidity, market conditions and proceeds from the asset sales. The share repurchase program does not obligate QEP to acquire any specific number of shares and may be discontinued at any time.

The following repurchases of QEP shares were made by QEP in association with vested restricted share awards withheld for
taxes and pursuant to the Company's share repurchase authorization.
Period
 
Total shares purchased(1)
 
Weighted-average price paid per share
 
Total shares purchased as part of publicly announced plans or programs
 
Remaining dollar amount that may be purchased under the plans or programs
 
 
 
 
 
 
 
 
(in millions)
July 1, 2018 - July 31, 2018
 
5,755

 
$
11.88

 

 
$
1,191.6

August 1, 2018 - August 31, 2018
 

 
$

 

 
$
1,191.6

September 1, 2018 - September 30, 2018
 
175,524

 
$
10.52

 

 
$
1,191.6

Total
 
181,279

 
 
 

 
 
 ____________________________
(1) 
During the three months ended September 30, 2018, QEP purchased 181,279 shares from employees in connection with the settlement of income tax and related benefit withholding obligations arising from the vesting of restricted share grants.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

None.

ITEM 4. MINE SAFETY DISCLOSURES

Not applicable.

ITEM 5. OTHER INFORMATION

None.


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