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biomaven0

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biomaven0

Re: AlpineBV_Miller post# 92304

Saturday, 03/13/2010 11:15:46 AM

Saturday, March 13, 2010 11:15:46 AM

Post# of 252478
The executive has the option.

Well putting my old securities lawyer hat on, I'd say if the executive has any discretion at all, then the plans simply do not conform.

Note this does not mean the sales themselves are illegal - just the selling executives no longer have an affirmative 10b5-1(c) defense against an insider trading accusation.

Peter

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