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Friday, August 31, 2012 9:11:40 AM
http://ih.advfn.com/p.php?pid=nmona&article=40818360
The Dribble rule
The 1997 Amendment
In 1997, Rule 144 was again amended to improve the marketability of restricted stock. This time, the rule was amended to shorten the initial holding period from two years to one year and the ultimate holding period for non-affiliates from three years to two years. The FMV Restricted Stock Study™, was performed on transactions taking place before the 1997 amendment. However, in future updates to the FMV Restricted Stock Study, private placements will be included where the new, shorter holding periods apply.
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