Common Shares

3 Months Ended

Mar. 31, 2014

Common Shares

Common Shares

Note 7 Common Shares

During the three months ended March 31, 2014 and 2013, our employees exercised vested options to acquire 0.5 million and 0.1 million of our common shares, respectively, resulting in proceeds of $4.9 million and $1.0 million respectively. During the three months ended March 31, 2014 and 2013, we withheld 0.3 million and 0.2 million, respectively, of our common shares with a fair value of $6.6 million and $2.8 million, respectively, to satisfy tax withholding obligations in connection with the vesting of all stock awards.

On February 21, 2014, a cash dividend of $0.04 per share was declared for shareholders of record on March 10, 2014. The dividend was paid on March 31, 2014 in the amount of $11.9 million and was charged to retained earnings in our consolidated statement of changes in equity for the three months ended March 31, 2014.