offering to repay borrowings under its Credit Facility and used the remainder for general corporate purposes, including property  acquisitions. In December 2011, NNN filed a prospectus supplement to the prospectus contained in its February 2009 shelf registration  statement and issued 8,050,000 shares (including 1,050,000 shares in connection with the underwriters' over allotment) of  common stock at a price of $25.75 per share and received net proceeds of $198,228,000. In connection with this offering,  NNN incurred stock issuance costs totaling approximately $9,060,000, consisting primarily of underwriters' fees and  commissions, legal and accounting fees and printing expenses. The Company used a portion of the net proceeds from the  offering to repay borrowings under its Credit Facility and used the remainder for general corporate purposes, including property  acquisitions. In May 2012, NNN established an at-the-market equity program ("2012 ATM") which allows NNN to sell up to an aggregate of  9,000,000 shares of common stock from time to time through May 2015. NNN intends to use the net proceeds from this  offering to repay outstanding indebtedness under the Credit Facility, to finance NNN's potential development and acquisition  activities and for other general corporate purposes. The following table outlines the common stock issuances pursuant to the  2012 ATM (dollars in thousands, except per share data):  (1) Stock issuance costs consist primarily of underwriters' fees and commissions, and legal and accounting fees. In March 2013, NNN established a second ATM equity program ("2013 ATM") which allows NNN to sell up to an aggregate of  9,000,000 shares of common stock from time to time through March 2015. NNN intends to use the net proceeds from this  offering to repay outstanding indebtedness under the Credit Facility, to finance NNN's potential development and acquisition  activities and for other general corporate purposes. The following table outlines the common stock issuances pursuant to the  2013 ATM (dollars in thousands, except per share data): Dividend Reinvestment and Stock Purchase Plan. In February 2012, NNN filed a shelf registration statement which was  automatically effective, with the Commission for its DRIP, which permits the issuance by NNN of 16,000,000 shares of  common stock. NNN’s DRIP provides an economical and convenient way for current stockholders and other interested new  investors to invest in NNN’s common stock. The following outlines the common stock issuances pursuant to NNN’s DRIP for  each of the years ended December 31 (dollars in thousands): (1) Stock issuance costs consist primarily of underwriters' fees and commissions, and legal and accounting fees. The proceeds from the issuances were used to pay down outstanding indebtedness under NNN’s Credit Facility.  37 2013 2012 Shares of common stock 4,676,542 4,282,298 Average price per share (net) $ 32.60 $ 29.64 Net proceeds 152,435 126,947 Stock issuance costs  (1) 2,161 2,145 2013 Shares of common stock 2,280,450 Average price per share (net) $ 37.80 Net proceeds 86,208 Stock issuance costs  (1) 1,613 2013 2012 2011 Shares of common stock 764,891 2,101,644 3,745,896 Net proceeds $ 25,407 $ 56,102 $ 93,451