Sunday, September 15, 2013 6:15:48 PM
The Form 144 must be transmitted for filing concurrently with either the placement of a sell order for a brokerage transaction, or the execution of such sale directly with a market maker, as provided in Rule 144(h). The adoption of the plan itself may not be the same as placement of a sell order. The notice on Form 144 is effective for a maximum of three months, so that sales over longer periods will involve multiple requirements of notice under Rule 144(h). [Mar. 25, 2009]
http://www.sec.gov/divisions/corpfin/guidance/exchangeactrules-interps.htm
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