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Re: ccbadc post# 23480

Monday, 01/31/2011 11:41:27 AM

Monday, January 31, 2011 11:41:27 AM

Post# of 30927
Restricted Shares – Restricted shares refer to company stock used for employee incentive and compensation plans. Restricted stock owners need permission of the SEC to sell.
There is a waiting period after a company first goes public where insiders’ restricted stock is frozen. When insiders want to sell their stock, they must file a form with the SEC declaring their intention. Even insiders of established companies must file with the SEC before selling their restricted stock.


http://www.sec.gov/investor/pubs/rule144.htm
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