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VRSN > SEC Filings for VRSN > Form 8-K on 6-Dec-2012All Recent SEC Filings

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Form 8-K for VERISIGN INC/CA


6-Dec-2012

Other Events


Item 8.01. Other Events.

On December 5, 2012, the Board of Directors of VeriSign, Inc. (the "Company") authorized the repurchase of up to approximately $458.8 million of our common stock, in addition to the approximately $541.2 million of our common stock remaining available for repurchase under the previous 2010 Share Buyback Program, for a total repurchase of up to $1.0 billion of our common stock (collectively, the "2012 Share Buyback Program") at a price per share and upon such terms and conditions as the Company's Chief Executive Officer shall determine are reasonable, appropriate and in the best interests of the Company. The 2012 Share Buyback Program has no expiration date. Purchases made under the 2012 Share Buyback Program can be effected through open market transactions, block purchases, accelerated share repurchase agreements or other negotiated transactions.


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