![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Monday, November 13, 2017 5:29:24 PM
https://www.lexology.com/library/detail.aspx?g=ce33e495-666c-48bc-b673-dc76362746d9
“On a related matter, the departing insider will still be liable under Section 16(b) for any “short-swing” profits from certain purchases and sales, or sales and purchases, of the company’s securities within six months of the insider’s last transaction while serving as a Section 16 insider, unless exempt under that section. The reminder might state that Section 16 and its corresponding regulations are broad in scope, and that those rules would attribute to the insider certain transactions with the insider’s close relatives and/or partnerships, trusts, corporations and estates.”
Although, I reserve the right to be wrong in the matter. This stuff is above my pay grade.
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