Common Shares

3 Months Ended

Mar. 31, 2013

Common Shares

Common Shares

Note 7 Common Shares

During the three months ended March 31, 2013, our employees exercised vested options and surrendered unexercised vested stock options to acquire .1 million of our common shares, resulting in proceeds of $1.0 million. During the three months ended March 31, 2012, our employees exercised vested options and surrendered unexercised vested stock options to acquire 1.0 million of our common shares. We received $15.7 million relating to exercised options. We used approximately $21.0 million to repurchase surrendered unexercised vested options and to satisfy related tax withholding obligations pursuant to stock option share settlements and exercises by some employees. For the three months ended March 31, 2013 and 2012, we withheld .2 million and .1 million, respectively, of our common shares with a fair value of $2.8 million and $1.8 million, respectively, to satisfy tax withholding obligations in connection with the vesting of all stock awards.

On February 27, 2013, a cash dividend of $0.04 per share was declared for shareholders of record on March 11, 2013. The dividend was paid on March 28, 2013 in the amount of $12.9 million and was charged to retained earnings in our consolidated statement of changes in equity for the three months ended March 31, 2013.