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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Purchases may be made in open-market transactions, block transactions on or off an exchange, or in privately negotiated transactions.
Purchases may be made in open-market transactions, in block transactions on or off an exchange, in privately negotiated transactions or by other means as determined by Hope Bancorp's management and in accordance with the regulations of the Securities and Exchange Commission.
The board of directors of Hope Bancorp Inc (NASDAQ:HOPE) Wednesday approved the repurchase of up to USD50m of its common stock in open-market transactions, in block transactions on in privately negotiated transactions.
Share repurchases will be made periodically in open-market transactions using the Company's working capital, and are subject to market conditions, legal requirements and other factors.
Each fund's board of trustees has authorized a share repurchase program pursuant to which each fund may purchase, over a one-year period beginning in March 2016, up to 10 percent of its stock, in open-market transactions.
Ruger announced in early January that during the fourth quarter of 2014 the company repurchased 680,800 shares of its common stock in open-market transactions at an aggregate cost of $24 million.
The company said that it is looking to repurchase up to 970,000 shares, or five percent, of the company's outstanding shares of common stock from time to time, depending on market conditions, at prevailing market prices in open-market transactions or privately negotiated transactions.
The company intends to repurchase up to 970,000 shares, or 5.0%, of the company's outstanding shares of common stock from time to time, depending on market conditions, at prevailing market prices in open-market transactions or privately negotiated transactions.
Earlier, the board approved each fund to buy back a total of up to 5% of its outstanding shares of common stock in open-market transactions from 1 December 2015 to 30 November 2016, when the shares trade at a discount to net asset value (NAV) and now, authorised an additional 5% resulting in a total of up to 10% of each one's outstanding common stock.
The board of directors of Energy XXI (NasdaqGS:EXXI) (LSE:EXXI.L), a natural gas company, revealed on Monday that it has approved the repurchase of up to USD250m of its common stock from time to time, in one or more open-market transactions.
Accordingly, the Fund may continue to buy a total of up to 5% of its outstanding common stock in open-market transactions from 1 December 2012 until 30 November 2013.
According to the company, the authorised repurchases are to be made from time to time in open-market transactions, in block transactions or through privately negotiated transactions.