STOCK REPURCHASE PROGRAM

3 Months Ended

Mar. 31, 2017

STOCK REPURCHASE PROGRAM

STOCK REPURCHASE PROGRAM

NOTE 11 — STOCK REPURCHASE PROGRAM

On October 20, 2016, the Company announced a share repurchase authorization of up to $350 million of common stock.  This authorization replaces previous authorizations and has no expiration date.  Aptar may repurchase shares through the open market, privately negotiated transactions or other programs, subject to market conditions. 

Shares repurchased are immediately retired.  During the three months ended March 31, 2017, the Company repurchased approximately 210 thousand shares for approximately $16.0 million.  During the three months ended March 31, 2016, the Company repurchased approximately 113 thousand shares for approximately $8.6 million.  As of March 31, 2017, there was $287.4 million of authorized share repurchases available to the Company.