14.

STOCKHOLDERS’ EQUITY

Preferred Stock

August 31,

201

and

2016,

there were

10,000,000

shares of preferred stock (

$.01

par value per share) authorized, of which

shares were issued and outstanding. FactSet’s Board of Directors

may

from time to time authorize the issuance of

one

or more series of preferred stock and, in connection with the creation of such series, determine the characteristics of each such series including, without limitation, the preference and relative, participating, optional or other special rights, and the qualifications, limitations or restrictions of the series.

Common Stock

August 31,

and

2016,

there were

150,000,000

shares of common stock (

$.01

par value per share) authorized, of which

51,845,132

and

51,150,978

shares were issued, respectively. The authorized shares of common stock are issuable for any proper corporate purpose, including future stock splits, stock dividends, acquisitions, raising equity capital or to adopt additional employee benefit plans.

Treasury Stock

August 31,

201

and

2016,

there were

12,822,100

and

11,112,753

shares of treasury stock (at cost) outstanding, respectively. As a result,

39,023,032

and

40,038,225

shares of FactSet common stock were outstanding at

August 31, 2017

and

2016,

respectively.

Share Repurchase Program

Repurchases will be made from time to time in the open market and privately negotiate

d transactions, subject to market conditions. During fiscal

2017,

the Company repurchased

1,554,822

shares for

$252.8

million. During fiscal

2016,

the Company repurchased

1,478,000

shares for

$232.3

million.

July 1, 2016,

FactSet entered into an accele

rated share repurchase agreement (the “ASR Agreement”) to repurchase

$120.0

million of FactSet common stock. The Company received

595,607

shares of common stock on

July 5, 2016,

which was approximately

80%

of the total number of shares of common stock expected to be repurchased under the ASR Agreement. The final settlement of the ASR Agreement occurred in the

first

quarter of fiscal

2017

with FactSet receiving an additional

102,916

shares of its common stock.

March 27, 2017,

the Board of Directors of Fac

tSet approved a

$300.0

million expansion of to the existing share repurchase program. At

August 31, 2017,

$244.1

million remained authorized for future share repurchases.

minimum number of shares to be repurchased has been fixed. There is

timeframe to complete the share repurchase program and it is expected that share repurchases will be paid for using existing and future cash generated by operations.

Restricted Stock

Restricted stock awards entitle the holder to shares of common stock as the awar

ds vest over time. During fiscal

2017,

132,194

shares of previously granted restricted stock awards vested and were included in common stock outstanding as of

August 31, 2017 (

less

49,771

shares repurchased from employees at a cost of

$7.8

million to cover their cost of taxes upon vesting of the restricted stock). During fiscal

2016,

69,244

shares of previously granted restricted stock awards vested and were included in common stock outstanding as of

August 31, 2016 (

less

27,625

shares repurchased from employees at a cost of

$4.5

million to cover their cost of taxes upon vesting of the restricted stock).

Dividends

The Company

’s Board of Directors declared the following dividends during the periods presented:

Declaration Date	Dividends Per Share of Common Stock		Type	Record Date	Total $ Amount (in thousands)		Payment Date
August 10, 2017	$	0.56	Regular (cash)	August 31, 201 7	$	21,853	September 19, 2017
May 5, 2017	$	0.56	Regular (cash)	May 31, 2017	$	21,951	June 20, 2017
February 6, 2017	$	0.50	Regular (cash)	February 28, 2017	$	19,709	March 21, 2017
November 10, 2016	$	0.50	Regular (cash)	November 30, 2016	$	19,852	December 20, 2016
August 5, 2016	$	0.50	Regular (cash)	August 31, 2016	$	20,019	September 20, 2016
May 6, 2016	$	0.50	Regular (cash)	May 31, 2016	$	20,171	June 21, 2016
February 5, 2016	$	0.44	Regular (cash)	February 29, 2016	$	18,044	March 15, 2016
November 6, 2015	$	0.44	Regular (cash)	November 30, 2015	$	18,208	December 15, 2015
August 10, 2015	$	0.44	Regular (cash)	August 31, 2015	$	18,179	September 15, 2015
May 12, 2015	$	0.44	Regular (cash)	May 29, 2015	$	18,274	June 16, 2015
February 11, 2015	$	0.39	Regular (cash)	February 27, 2015	$	16,236	March 17, 2015
November 12, 2014	$	0.39	Regular (cash)	November 28, 2014	$	16,216	December 16, 2014

All of the above cash dividends were paid from existing cash resources. Future dividend payments will depend on the Company

’s earnings, capital requirements, financial condition and other factors considered relevant by the Company and is subject to final determination by the Company’s Board of Directors.