Replies to post #387466 on InterDigital Inc (IDCC)

[olddog967]

The SEC 10b-18 stock repurchase rules were amended several years ago to allow companies to repurchase up to 10 minutes before the close.



(2) Time of purchases. Rule 10b-18 purchases must not be:

(i) The opening (regular way) purchase reported in the consolidated system;

(ii) Effected during the 10 minutes before the scheduled close of the primary trading session in the principal market for the security, and the 10 minutes before the scheduled close of the primary trading session in the market where the purchase is effected, for a security that has an ADTV value of $1 million or more and a public float value of $150 million or more; and

http://www.law.cornell.edu/cfr/text/17/240.10b-18