Open-Market Transaction

Open-Market Transaction

A transaction in which a person with inside information on a company buys or sells that company's stocks after filing all pertinent forms with the SEC. An open-market transaction is the only legal way for an insider to trade on a company without committing the crime of insider trading. In an open-market transaction, the insider makes the transaction as close to the market price as possible.
References in periodicals archive ?
If the client simply engages in a standard open-market transaction, such as purchasing a publicly traded security, and there was no criminal intent, it probably does not qualify for the theft-loss deduction.
Amgen sold the shares through an open-market transaction April 15.
Labourcade, Chairman of the Board, announced today that the Board of Directors authorized the purchase of up to 2,000,000 shares of Luby's (NYSE: LUB) common stock in open-market transactions from time to time through December 31, 1995.
Effective immediately, the funds may purchase up to an aggregate of 10 million and 14 million shares, respectively, of each fund's common shares in open-market transactions at the discretion of fund management.
Lahourcade also announced today that the Board of Directors authorized the purchase of up to 2,500,000 shares of Luby's common stock in open-market transactions from time to time through fiscal 1994.
The stock purchases will be made in open-market transactions from time to time, subject to the availability of stock, market conditions, the trading price of the stock and the Company's financial performance.
Under the program, the Fund may purchase, from time to time, shares of the Fund's common stock in open-market transactions, at the discretion of the Fund's investment manager.
Repurchases are authorized to be made by the Company from time to time in open-market transactions during the next twelve months as, in the opinion of management, market conditions warrant.
The common stock may be repurchased from time to time in open-market transactions or privately negotiated transactions, as market conditions and other factors warrant.
The repurchases may be made from time to time in open-market transactions, or through privately negotiated transactions, subject to the availability of shares.
AMEX: MED - news), Edwin Reilly, the Company's Secretary, George Kuselias, the Company's CFO and Michael Rusnak, the Company's COO announced today that they are completing the purchase of an aggregate of 1,200,000 shares of the Company's common stock through open-market transactions.
the "Fund") (NYSE:EMF), a closed-end management investment company, announced today that the Board of Directors of the Fund has authorized management to implement an open-market share repurchase program pursuant to which the Fund may purchase, from time to time, shares of the Fund's common stock in open-market transactions, at the discretion of management.