Murray_Mac, it is time to educate........
On insider selling, if you go here:
sec.gov
you will find this:
Other Securities Act Form:
Form 144
This form must be filed as notice of the proposed sale of restricted securities or securities held by an affiliate of the issuer in reliance on Rule 144 when the amount to be sold during any three month period exceeds 500 shares or units or has an aggregate sales price in excess of $10,000.
And if you are interested in the EXACT definition of the
word affiliate, you can go here:
www4.law.cornell.edu
where you will find this:
(2) ''Affiliated company'' means a company which is an
affiliated person.
(3) ''Affiliated person'' of another person means (A) any
person directly or indirectly owning, controlling, or holding
with power to vote, 5 per centum or more of the outstanding
voting securities of such other person; (B) any person 5 per
centum or more of whose outstanding voting securities are
directly or indirectly owned, controlled, or held with power to
vote, by such other person; (C) any person directly or indirectly
controlling, controlled by, or under common control with, such
other person; (D) any officer, director, partner, copartner, or
employee of such other person; (E) if such other person is an
investment company, any investment adviser thereof or any member
of an advisory board thereof; and (F) if such other person is an
unincorporated investment company not having a board of
directors, the depositor thereof.
Have a nice day |
