Triumph Apparel Corporation (TRUA)

[surfkast]

Insiders may not have to report as long as the sale was after the general public knew of a "material event."

Restrictions on Trading
Directors and other insiders cannot trade in the securities of their bank or company while in possession of material nonpublic information about the bank or company, and may not "tip" material nonpublic information to anyone. Once the information is properly disseminated and digested by the investing public, directors and others in possession of the information may trade.

These restrictions apply regardless of whether the company or bank is subject to SEC reporting requirements. Even directors of banks or companies with a limited number of outside shareholders where infrequent trades occur should be careful to adhere to these restrictions.

If the information is not material, there is no duty to abstain from trading until the information is publicly disseminated.