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.
Under the terms of the stock repurchase program, the Company may repurchase up to $50 million of its issued and outstanding shares in open-market transactions on the Nasdaq National Market.
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.
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.
ASB Holding Company (OTC Electronic Bulletin Board "ASBH") (the "Company"), the middle-tier stock holding company of American Bank of New Jersey (the "Bank") and ASB Investment Corp, announced today that the Company approved the purchase of up to 81,651 shares of its Common Stock in open-market transactions from time to time in order to have shares available to fund stock awards previously made under the Bank's 2005 Restricted Stock Plan ("Stock Plan").
NYSE:NLS), a leading marketer, developer, and manufacturer of branded health and fitness products, has authorized management to repurchase up to $100-million of the Company's common stock in open-market transactions, at such times and in such amounts as management deems appropriate, depending on market conditions and other factors.
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.