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Form 144

   Also found in: Wikipedia 0.07 sec.
Form 144
A form that must be filed with the SEC when an executive officer, director, or affiliate of a company places an order to sell that company's stock. Also known as Rule 144.

Notes:
There are five basic requirements fill in order to sell under 144:

1. The form must be filed properly.
2. Adequate current public information must be available. For example, required reports such as the 10K and 10Q forms must have been filed with the SEC.
3. Volume limitations have to be met. One limitation is the sale must not be greater than 1% of outstanding shares.
4. The transaction must be made by a stockbroker in accordance with certain procedures and rules.
5. If the securities are restricted, then they cannot be sold until one year after the date the affiliate paid the entire purchase price.


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But Form 144 submissions for these sales weren't received at the SEC until January, more than a month and half after the sales were completed.
The transactions under these plans will be disclosed publicly through form 144 and Form 4 filings with the Securities and Exchange Commission.
The transactions under the Plan will be disclosed publicly through Form 144 and Form 4 filings with the Securities and Exchange Commission.
 
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