On March 14, 2016, the staff of the Securities and Exchange Commission (SEC) issued an interpretative letter providing that a stockholders Rule 144
holding period for shares of common stock of a publicly traded real estate investment trust (REIT) acquired in exchange for privately placed units of the REITs operating partnership (OP Units) commences with the shareholders acquisition of the OP Units, not the later acquisition of the REIT shares.
Two common restrictions placed on the sale of stock acquired through the exercise of nonstatutory options are SEC Rule 144
and Section 16(b) of the Securities Exchange Act of 1934.
Absent a lock-up agreement, the unregistered shares can be sold into the marketplace over a period of time, and the rule which governs their sale is known as Rule 144
However, the Appeals Committee supported the Rules Committee's assessment that an off-color comment to Daniels favorably comparing Sylmar to San Fernando broke IAC rule 144
, which prohibits improper contact with a player from another school.
is the principal safe harbor used by shareholders holding restricted stock in public companies to resell their shares.
Under the Tanner-Frank Foundation's Rule 10b5-1 Plan, the Foundation may sell up to 500,000 shares of currently owned Landec common stock (representing less than 2% of Landec's outstanding stock) subject to Rule 144
requirements and certain market price thresholds set forth in the Plan.
WR or an affiliate of WR has been/will be or may be compensated in Rule 144
stock of the Company for the publication and circulation of these reports.
Snyder, Vice Chairman of FactSet's Board of Directors and a founder of the Company, has sold one million shares of the Company's common stock in a Rule 144
Sales made under TPG's Rule 10b5-1 plan will be disclosed publicly through Form 4 filings with the Securities and Exchange Commission and will be effected in accordance with Rule 144
under the Securities Act of 1933, including the volume limitations of Rule 144
The Rule 144
sale was conducted as part of an overall plan by Dr.
Shareholders who did not sell all of their shares pursuant to the Registration Statement may be eligible to resell their shares over the public markets in reliance on Rule 144
The transactions under the plan announced today will be disclosed publicly through Form 4 filings and will be subject to the restrictions and filing requirements mandated by Rule 144
of the U.