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Msg  34646 of 34708  at  6/19/2019 4:12:09 PM  by

Steve_382


 In response to msg 34644 by  wbart21
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Re: MM's Options

 As usual, it't not entirely clear, but I found this blurb that he is required to report any transactions that are opposite transactions from any that he took during the previous 6 months, so if I read it correctly, if he bought shares 2 months ago, he must report any sales even after leaving the company. Of course, I could be completely wrong.
 
 

(b) A transaction(s) following the cessation of director or officer status shall be subject to section 16 of the Act only if:

(1) Executed within a period of less than six months of an opposite transaction subject to section 16(b) of the Act that occurred while that person was a director or officer; and

(2) Not otherwise exempted from section 16(b) of the Act pursuant to the provisions of this chapter.

 


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