| Common and Preferred Shares Authorized, Issued and Outstanding and Related Activity |
The Company’s authorized common stock and nonvoting participating preferred stock, $0.01 par value, (“Preferred”) consisted of the following:
|
|
|
December 31,
2015 |
|
|
December 31,
2014 |
|
|
Common Stock |
|
|
500,000,000 |
|
|
|
500,000,000 |
|
|
Nonvoting Participating Preferred Stock |
|
|
|
|
|
|
|
|
|
Series A Preferred |
|
|
20,000,000 |
|
|
|
20,000,000 |
|
|
Series B Preferred |
|
|
150,000,000 |
|
|
|
150,000,000 |
|
|
Series C Preferred |
|
|
6,000,000 |
|
|
|
6,000,000 |
|
|
Series D Preferred |
|
|
20,000,000 |
|
|
|
20,000,000 |
|
The Company’s common and preferred shares issued and outstanding and related activity consist of the following:
|
|
|
Shares Issued |
|
|
Shares Outstanding |
|
|
|
|
Common
Shares |
|
|
Treasury
Common
Shares |
|
|
Series B
Preferred |
|
|
Series C
Preferred |
|
|
Common
Shares |
|
|
Series B
Preferred |
|
|
Series C
Preferred |
|
|
December 31, 2012 |
|
|
171,252,185 |
|
|
|
(2,376,881 |
) |
|
|
823,188 |
|
|
|
1,517,237 |
|
|
|
168,875,304 |
|
|
|
823,188 |
|
|
|
1,517,237 |
|
|
Shares repurchased |
|
|
— |
|
|
|
(3,689,845 |
) |
|
|
— |
|
|
|
— |
|
|
|
(3,689,845 |
) |
|
|
— |
|
|
|
— |
|
|
Net issuance of common shares related to employee
stock transactions |
|
|
— |
|
|
|
1,404,229 |
|
|
|
— |
|
|
|
— |
|
|
|
1,404,229 |
|
|
|
— |
|
|
|
— |
|
|
PNC LTIP capital contribution |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(205,350 |
) |
|
|
— |
|
|
|
— |
|
|
|
(205,350 |
) |
|
December 31, 2013 |
|
|
171,252,185 |
|
|
|
(4,662,497 |
) |
|
|
823,188 |
|
|
|
1,311,887 |
|
|
|
166,589,688 |
|
|
|
823,188 |
|
|
|
1,311,887 |
|
|
Shares repurchased |
|
|
— |
|
|
|
(3,175,088 |
) |
|
|
— |
|
|
|
— |
|
|
|
(3,175,088 |
) |
|
|
— |
|
|
|
— |
|
|
Net issuance of common shares related to employee
stock transactions |
|
|
— |
|
|
|
1,372,188 |
|
|
|
— |
|
|
|
— |
|
|
|
1,372,188 |
|
|
|
— |
|
|
|
— |
|
|
December 31, 2014 |
|
|
171,252,185 |
|
|
|
(6,465,397 |
) |
|
|
823,188 |
|
|
|
1,311,887 |
|
|
|
164,786,788 |
|
|
|
823,188 |
|
|
|
1,311,887 |
|
|
Shares repurchased |
|
|
— |
|
|
|
(3,080,689 |
) |
|
|
— |
|
|
|
— |
|
|
|
(3,080,689 |
) |
|
|
— |
|
|
|
— |
|
|
Net issuance of common shares related to employee
stock transactions |
|
|
— |
|
|
|
1,754,965 |
|
|
|
— |
|
|
|
— |
|
|
|
1,754,965 |
|
|
|
— |
|
|
|
— |
|
|
December 31, 2015 |
|
|
171,252,185 |
|
|
|
(7,791,121 |
) |
|
|
823,188 |
|
|
|
1,311,887 |
|
|
|
163,461,064 |
|
|
|
823,188 |
|
|
|
1,311,887 |
|
|