OREANDA-NEWS. Insperity, Inc. (“Insperity”) (NYSE:NSP), a leading provider of human resources and business performance solutions for America’s best businesses, today announced the preliminary results of its “modified Dutch auction” tender offer, which expired at 5:00 p.m., New York City time, on Jan. 7, 2016.

Based on the preliminary count by Computershare Trust Company, N.A., the depositary for the tender offer, an aggregate of approximately 3.01 million shares of common stock were validly tendered and not validly withdrawn at or below the purchase price of $47.50 per share, including approximately 1.81 million shares that were tendered through notice of guaranteed delivery.

In accordance with the terms and conditions of the tender offer and based on the preliminary count by the depositary, Insperity expects to purchase approximately 3.01 million shares of its common stock at a purchase price of $47.50 per share, for an aggregate purchase price of approximately $143.2 million, excluding fees and expenses related to the tender offer. Included within the shares expected to be accepted for purchase are approximately 382,000 shares that Insperity elected to purchase pursuant to its right to increase the size of the tender offer by up to 2.0% of Insperity’s outstanding common stock. The shares expected to be purchased represent approximately 12.4% of Insperity’s common stock issued and outstanding as of Jan. 6, 2016.

The number of shares expected to be purchased in the tender offer and the purchase price per share are preliminary and subject to change. The preliminary information contained in this press release is subject to confirmation by the depositary and is based on the assumption that all shares tendered through notice of guaranteed delivery will be delivered within the three trading day settlement period. The final number of shares to be purchased and the final purchase price per share will be announced following the expiration of the guaranteed delivery period and the completion by the depository of the confirmation process. Payment for the shares accepted for purchase pursuant to the tender offer, and the return of all other shares tendered and not purchased, will occur promptly thereafter. Payment for shares will be made in cash, without interest. Shares acquired pursuant to the tender offer will be retired and returned to the status of authorized but unissued stock.

As noted in the Offer to Purchase related to the tender offer, Insperity may purchase additional shares of its common stock in the future in the open market subject to market conditions. Insperity may also purchase shares of its common stock in private transactions, tender offers or otherwise. Under applicable securities laws, however, Insperity may not purchase any such shares of its common stock until after Jan. 22, 2016. Any possible future purchases by Insperity will depend on many factors, including the market price of the shares, the results of the tender offer, Insperity’s business and financial position and general economic and market conditions.