Open-Market Transaction

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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.
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The company's common stock will be acquired from time to time in open market transactions, block purchases and other transactions complying with the US Securities and Exchange Commission's Rule 10b-18.
Repurchases under the program may be made through privately negotiated transactions or open market transactions, including pursuant to a trading plan in accordance with Rule 10b5-1 and/or Rule 10b-18 under the Securities Exchange Act of 1934, as amended, and shares repurchased will be returned to the status of authorized and unissued shares of common stock.
Pursuant to its initial repurchase programme, it has deployed about USD228m and bought back 13.8m total shares in open market transactions, till the first fiscal quarter ended 29 December 2018.
The Company intends to accomplish the share repurchases through open market transactions, though the Company could accomplish repurchases through other means, such as privately negotiated transactions.
Repurchases will be made in open market transactions, at prevailing market prices not more than USD4.00 per share, subject to applicable laws, regulations and approvals.
announced that its Board of Directors and Shareholders had authorised an additional $300 million (Dh1.10 billion) for bond repurchases to be conducted through open market transactions. To date, DAE has repurchased $295 million of principal amount of its publicly-traded bonds under the previous authorisation of $300 million.
Under each Fund's current Repurchase Program, each Fund may repurchase, through November 30, 2018, up to 5% of its outstanding common shares (based on common shares outstanding on November 30, 2017) in open market transactions. Pursuant to the Board's renewal of the Repurchase Programs, commencing on December 1, 2018, each Fund may repurchase up to 5% of its outstanding common shares (based on common shares outstanding on November 30, 2018) in open market transactions through November 30, 2019.
Such shares may be repurchased from time to time in open market transactions. The timing and amount of share repurchases will depend on a variety of factors, including market conditions.
said that during the fourth quarter of 2016, it repurchased a total of 283,343 shares of its common stock in open market transactions at an aggregate cost of $14 million.
Share purchases will take place in open market transactions or in privately negotiated transactions and may be made from time to time depending on market conditions, share price, trading volume and other factors.
As part of the buyback plan, the company's shares may be repurchased from time to time through open market transactions, block purchases, or private transactions at any time through to 31 December 2015.
Under the same stock repurchase plan announced on 5 February 2014, NXP has already purchased approximately 2.9 million shares of common stock in various privately negotiated and open market transactions.