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olddog967

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olddog967

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Re: Danny Detail post# 179485

Wednesday, 03/07/2007 2:10:34 PM

Wednesday, March 07, 2007 2:10:34 PM

Post# of 436130
Danny: As you stated a 10b-5 plan can be used for corporate stock repurchases as a safe harbor against insider trading charges

http://www.dorsey.com/files/tbl_s21Publications%5CPDFUpload141%5C120%5C94%20Rule10b5-1%20Repurchase%...

There is also an SEC 10b-18 rule which covers how the actual trades are to be performed in order to be a safe harbor against manipulation charges

http://www.sec.gov/rules/final/33-8335.htm


DD .. Thanks .. you closed the loop .. the pre-arranged plan with its pre-specified trading limitations is a safe harbor for the company and insiders from insider trading rules.

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