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Employee Stock Purchase Plan
12 Months Ended
Jan. 31, 2017
Employee Stock Purchase Plan  
Employee Stock Purchase Plan

12. EMPLOYEE STOCK PURCHASE PLAN

KLX has established a qualified Employee Stock Purchase Plan, the terms of which allow for qualified employees (as defined in the Plan) to participate in the purchase of designated shares of KLX’s common stock at a price equal to 85% of the closing price on the last business day of each semi‑annual stock purchase period. KLX issued approximately 51,000 and 50,000 shares of common stock to employees of the Company during the years ended January 31, 2017 and January 31, 2016, respectively, at a weighted average price per share of $31.09 and $30.62, respectively. B/E Aerospace had a similar plan and issued approximately 19,000 shares of common stock to employees of the Company during the year ended December 31, 2014, pursuant to this plan at a weighted average price per share of $71.40.  No shares of common stock were issued during the one month ended January 31, 2015.