Number of shares
Weighted average grant date fair value
Unvested shares as of September 30, 2017
370,530
$15.24
Granted
7,235
14.17
Vested
(113,930)
16.45
Forfeited
(15,222)
15.41
Unvested shares as of September 30, 2018
248,613
14.65
Granted
4,340
14.40
Vested
(110,683)
16.31
Forfeited
(11,830)
14.47
Unvested shares as of September 30, 2019
130,440
13.25
restricted stock : the company ’ s 2007 stock compensation plan permits our compensation committee to grant other stock-based awards .
the company has awarded restricted stock grants to employees that vest over one to ten years .
the company repurchased a total of 40933 shares of our common stock at an average price of $ 13 .
51 in connection with payment of taxes upon the vesting of restricted stock previously issued to employees for the year ended september 30 2019 .
the company repurchased a total of 41989 shares of our common stock at an average price of $ 11 .
66 in connection with payment of taxes upon the vesting of restricted stock previously issued to employees for the year ended september 30 2018 .
employee stock purchase plan : the clearfield inc .
2010 employee stock purchase plan - “ espp ” allows participating employees to purchase shares of the company ’ s common stock at a discount through payroll deductions .
the espp is available to all employees subject to certain eligibility requirements .
terms of the espp provide that participating employees may purchase the company ’ s common stock on a voluntary after tax basis .
employees may purchase the company ’ s common stock at a price that is no less than the lower of 85 % of the fair market value of one share of common stock at the beginning or end of each stock purchase period or phase .
the espp is carried out in six-month phases with phases beginning on july 1 and january 1 of each calendar year .
for the phases that ended on december 31 2018 and june 30 2019 employees purchased 17312 and 19923 shares respectively at a price of $ 8 .
43 .
for the phases that ended on december 31 2017 and june 30 2018 employees purchased 14242 and 15932 shares respectively at a price of $ 10 .
41 and $ 9 .
39 per share respectively .
as of september 30 2019 the company has withheld approximately $ 80708 from employees participating in the phase that began on july 1 2019 .
after the employee purchase on june 30 2019 49846 shares of common stock were available for future purchase under the espp .
employee stock purchase plan : the clearfield inc .
2010 employee stock purchase plan - “ espp ” allows participating employees to purchase shares of the company ’ s common stock at a discount through payroll deductions .
the espp is available to all employees subject to certain eligibility requirements .
terms of the espp provide that participating employees may purchase the company ’ s common stock on a voluntary after tax basis .
employees may purchase the company ’ s common stock at a price that is no less than the lower of 85 % of the fair market value of one share of common stock at the beginning or end of each stock purchase period or phase .
the espp is carried out in six-month phases with phases beginning on july 1 and january 1 of each calendar year .
for the phases that ended on december 31 2018 and june 30 2019 employees purchased 17312 and 19923 shares respectively at a price of $ 8 .
43 .
for the phases that ended on december 31 2017 and june 30 2018 employees purchased 14242 and 15932 shares respectively at a price of $ 10 .
41 and $ 9 .
39 per share respectively .
as of september 30 2019 the company has withheld approximately $ 80708 from employees participating in the phase that began on july 1 2019 .
after the employee purchase on june 30 2019 49846 shares of common stock were available for future purchase under the espp .
restricted stock transactions during the years ended september 30 2019 and 2018 are summarized as follows : .

Question: What is the use of the Clearfield, Inc. 2010 Employee Stock Purchase Plan?
Answer: allows participating employees to purchase shares of the Company’s common stock at a discount through payroll deductions