The Board of Directors of Peoples Educational Holdings Inc. (NasdaqSC:PEDH) authorized a share repurchase program on October 5, 2005. Under the program, the company will repurchase up to 100,000 shares of its common stock. The program authorizes the company to purchase shares from time to time either in the open market or through private transactions, in accordance with Securities and Exchange Commission requirements. The program does not obligate the company to purchase any particular amount of stock, and may be suspended or discontinued at any time. As of October 3, 2005, the company had 4,200,000 shares outstanding. On May 24, 2006, the company announced that it has entered into a Rule 10b5-1 trading plan with a broker to facilitate the repurchase of up to $0.05 million of its common stock. The shares to be repurchased under the company's 10b5-1 plan would be part of the share repurchase authorization approved by the company's Board of directors in October 2005 to repurchase up to 100,000 shares of its common stock. The 10b5-1 share purchase period commenced on May 22, 2006 and will continue until July 19, 2006 unless terminated earlier in accordance with the terms of the plan. Purchases will be effected by a broker and will be based upon the guidelines and parameters of the 10b5-1 plan. There is no guarantee as to the exact number of shares that will be repurchased under the share repurchase program, and the company may discontinue purchases at any time. Till May 31, 2012, the company has repurchased 16,232 shares, representing 0.39% for $0.63 million. Peoples Educational Holdings Inc.'s share repurchase program expired on July 9, 2012.