LATTICE SEMICONDUCTOR CORP
For the period ended Mar 30, 2024. Filed Apr 30, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 30, 2024 · Filed Apr 30, 2024
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Unregistered Sales of Equity Securities and Use of Proceeds
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
Issuer Purchases of Equity Securities
On November 30, 2023, we announced that our Board of Directors had approved a stock repurchase program pursuant to which up to $250 million of outstanding common stock could be repurchased from time to time (the "2024 Repurchase Program"). The duration of the 2024 Repurchase Program is through December 28, 2024. During the first quarter of fiscal 2024, we repurchased 264,880 shares for $20.0 million, or an average price paid per share of $75.50. All repurchases were open market transactions funded from available working capital. All shares repurchased pursuant to the 2024 Repurchase Program were retired by the end of the first quarter of fiscal 2024.
The following table contains information regarding our repurchases of our common stock that is registered pursuant to Section 12 of the Securities Exchange Act of 1934 during the first quarter of fiscal 2024.
| Period | Total Number of Shares Purchased | Average Price Paid per Share | Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs (a) | Approximate Dollar Value of Shares That May Yet Be Purchased Under the Plans or Programs ($M) (b) |
|---|---|---|---|---|
| December 31, 2023 through January 27, 2024 | — | $— | — | $250.0 |
| January 28, 2024 through February 24, 2024 | 161,456 | $74.32 | 161,456 | $238.0 |
| February 25, 2024 through March 30, 2024 | 103,424 | $77.35 | 103,424 | $230.0 |
| Total | 264,880 | $75.50 | 264,880 | $230.0 |
| (a) | All repurchases during the quarter were open-market transactions funded from available working capital made under the authorization from our Board of Directors to purchase up to $250.0 million of our common stock announced November 30, 2023. |
|---|---|
| (b) | As of March 30, 2024, this amount consisted of the remaining portion of the $250.0 million program authorized through December 28, 2024 that was announced November 30, 2023. |
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