Open-Market Transaction

(redirected from 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 ?
SuperCom Ltd (NASDAQ: SPCB) has repurchased one million ordinary shares in open market transactions at an average price of USD 4.
The shares would be repurchased at the prevailing market prices from time to time in open market transactions or in privately negotiated transactions during the repurchase period, depending upon market conditions.
The Manager for Foreign Operations reported on developments in foreign exchange markets and on System open market transactions in foreign currencies during the period March 22, 1994, through May 16, 1994.
Bancorp may purchase shares from time to time at prevailing prices in open market transactions, subject to market conditions, share price and other considerations.
The shares have been acquired over the last two months in open market transactions.
Any purchases under this plan will be made through open market transactions or negotiated block transactions, at the discretion of management.
NASDAQ & TASE: ELRN) announced today that it has purchased, in a series of open market transactions, approximately 540,000 ordinary shares of Given Imaging Ltd.
Such repurchases will be made from time to time in open market transactions and through privately negotiated transactions.
LaPenta, founder and CEO of L-1 Investment Partners, LLC and Chairman of Board of Viisage (Nasdaq: VISG), purchased 400,000 shares of Identix (Nasdaq: IDNX) common stock on June 13 and June 14, 2006 in open market transactions.
LaPenta, the founder and CEO of L-1 Investment Partners, LLC and the Chairman of Board of Viisage (Nasdaq: VISG), today purchased 300,000 shares of Identix (Nasdaq: IDNX) common stock in open market transactions.
The program authorizes the repurchase of common stock from time to time through negotiated or open market transactions.
The stock repurchases would be made from time to time in open market transactions.