Restrictions these days are for 6 months.The rule changed in 2007.
the shares were issued in June.6 Months later???makes it??They are ready to be sold now.
Summary of the Amendments
As amended, the holding period under Rule 144 has been
reduced from one year to six months where the issuer has
been a reporting company for at least 90 days. Restricted
securities of a nonreporting company remain subject to a
one-year holding period.
In addition, the amendments simplify Rule 144
compliance for nonaffiliates. Restricted securities of
reporting companies may be freely resold by nonaffiliates
following the six-month holding period, subject only to
the requirement of Rule 144(c) that there be available
current public information about the company. Restricted
securities of both reporting and nonreporting companies
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