Rule 145

Rule 145

An SEC rule allowing the sale of certain securities without first registering the securities with the SEC. Specifically, stocks an investor has acquired as the result of a merger, acquisition, or reclassification do not need to be registered prior to sale. Rule 145 allows investors more flexibility following the uncertainty of, say, a merger.

Rule 145

An SEC rule that permits investors who acquire certain securities from consolidations, mergers, or reclassifications to transfer those securities without having them registered.
References in periodicals archive ?
Similarly, another NGO named VR One-Education For All has submitted a proposal to the Delhi government for amendment in sections 17, 24 and 27 of Delhi School Education Act 1973 and Amendment in Rule 145 of Delhi School Education Rules, 1973.
The 10,000,000 shares issued under this share exchange agreement will be issued as noted under Rule 145.
Despite the race being run to a safe conclusion, the stewards declared a no-race, quoting GBGB rule 145 (section VI).
According to rule 145 in the Highway Code, drivers must not drive on or over a pavement, footpath or bridleway, except to gain lawful access to property, or in the case of an emergency.
77 million shares of WellPoint stock to a large financial institution in a trade executed in accordance with the requirements of Rule 145 under the Securities Act of 1933.
The 400,000,000 shares issued for this acquisition were issued promulgated under Rule 145.
Finally, rule 145 (vi) talks about 'error by licence holder' which would include in this case the leaving on of the overcoat and there is no room for discretion there.
He also advises on fiduciary obligations and duties of directors and officers, preparation of annual and quarterly reports, proxy statements and shareholder meeting materials, Section 16 short-swing trading and insider reporting concerns, and Rule 144 and Rule 145 requirements.
Citing NGRC rule 145, Mathews deemed the race to be void due to outside interference after leader Toosey Blue was clearly distracted by a wayward piece of litter.
Under Rule 145, part two of which refers to 'any outside interference', we deemed it to be a void race.
The ability of KKR and Welsh, Carson to sell their shares without the company filing a registration statement to register them continues to be restricted through July 2002 due to (1) the pre-IPO reorganization of MedCath, which triggered volume and other restrictions arising under SEC Rule 145 and (2) the provisions of a stockholders agreement entered into by KKR and Welsh, Carson in connection with their original investments in MedCath.