Restricts solicitation of buyers to complete the sell order of an insider (unless the firm is already a buyer); signified by a flashing "E" on Quotron.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
An SEC rule that allows the executive of a publicly-traded company who owns restricted stock to sell some shares without registering them with the SEC. An executive may do this once every six months if he/she has held the shares for at least two years.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
An SEC rule that permits a corporate executive who owns a large amount of his or her firm's stock that has not been bought in the open market to sell a portion of the stock every six months following a holding period of two years without having to file a formal registration statement with the SEC.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.