Common Shares

6 Months Ended

Jun. 30, 2014

Common Shares

Common Shares

Note 7 Common Shares

During the six months ended June 30, 2014 and 2013, our employees exercised vested options to acquire 2.9 million and 0.3 million of our common shares, respectively, resulting in proceeds of $29.0 million and $3.2 million, respectively. During the six months ended June 30, 2014 and 2013, we withheld 0.3 million and 0.2 million, respectively, of our common shares with a fair value of $7.3 million and $3.0 million, respectively, to satisfy tax withholding obligations in connection with the vesting of all stock awards.

On April 25, 2014, a cash dividend of $0.04 per share was declared for shareholders of record on June 9, 2014. The dividend was paid on June 30, 2014 in the amount of $11.9 million and was charged to retained earnings in our consolidated statement of changes in equity for the six months ended June 30, 2014.