Here's a reply I got from camelsaremything, basically the CEO can't buy back anymore than 25% of the average daily volume, which currently is just under 18m (30 day avge) so do the maths.
For those not familiar with stock buyback here is what rule 10b-18 states-
-Manner of purchase: The issuer or affiliate must purchase all shares from a single broker or deal during a single day. -Timing: An issuer with an average trading volume less than $1 million per day or a public float value below $150 million is unable to trade within the last 30 minutes of trading. Companies with higher average-trading-volume or public float value can trade up until the last 10 minutes. -Price: The issuer must repurchase at a price that does not exceed the highest independent bid or the last transaction price quoted. -Volume: The issuer can't purchase more than 25% of the average daily volume.