The SEC has published for comment proposed rules implementing Section 306(a) of the Sarbanes-Oxley Act. Section 306(a) is intended to address cases in which senior executives sold shares when rank-and-file employees were precluded from doing so due to a blackout period in a 401(k) plan....
issue rules to clarify the application of this subsection and to prevent evasion thereof.Such rules shall provide for the application of the requirements of paragraph(1)with respect to entities treated as a single employer with respect to an issuer under section 414(b),(c),(m),or(o)of...
I suspect what matter was he was trading during the blackout period that no exec is allow to do no matter how well or not so well a company is doing. These rules were designed to keep insiders from bailing right before bad news hit the market, not when good news is coming out and ...
each at times when it otherwise might be prevented from doing so under the insider trading laws designed to prohibit trading by those who possess material non-public information (as is often the case for a company's officers, directors and management) or because of issuer-imposed blackout peri...
Applicable Securities Lawsmeans the applicable securities legislation of each relevant province and territory of Canada, as amended from time to time, the rules, regulations and forms made or promulgated under any such statute and the published national instruments, multilateral instruments, policies, bul...
Kane qualifies as an “audit committee financial expert” under the rules of the SEC. The Audit Committee operates under a written charter adopted by our Board of Directors, a copy of which can be found on our website at www.progress.com under the heading “Corporate Governance” located on...
If anyone at Apple knew the rules against insider trading, it was Levoff. During his time at the company, he helped update Apple’s insider trading policies. He even sent emails to employees notifying them that a blackout period was about to start. Two of those emails were sent immediately...
In this report we may make statements that constitute or contain “forward-looking” information as that term is defined in the Private Securities Litigation Reform Act of 1995 or by the SEC in its rules, regulations and releases. Such statements may relate, for example, to sales or volume ...
Termination of Employment rules that govern whether or not you may continue to exercise your options after your employment has terminated are set forth under the heading Termination of Employment that follows. (c) Exercise Price. The Exercise Price of your Stock Options is the price at which you...
The rules prohibit an executive officer of director from purchasing, selling or transferring an equity security of a reporting company within a blackout period under the terms of a company pension plan. The rules define equity securities to include options and alternative dispute resolution....