The formula for calculating the shares outstanding consists of subtracting the shares repurchased from the total shares issued to date. Assume that Phoenix has 12 million shares outstanding.What is the price per share? The outstanding shares formula is represented as issued shares minus shares held in the company's treasury or treasury stock. Phoenix Life is a closed book consolidator that has grown from a series of acquisitions and policy transfers throughout their 200 year history. In this video, we will study the definition, types of Outstanding Shares and its impact on investors. What are Outstanding Shares(stocks)? Our financial advisors in Phoenix, AZ provide complete and personalized financial guidance. KPMG in Phoenix is dedicated to delivering clients an outstanding experience and impeccable service. Individual orders outline the procedures to be followed in the delivery of police services to the community.