RE:RE:RE:RE:Link to recent insider buyingI was wondering this myself, it seems a little vague on the timing. You would think principles in the company would always have something in process, at what point does it become material? A great idea or possible deal would not be material until we have a deal Y/N ? Rare terriotory since none of the previous management bought shares or had a great idea that I recall.
So, I would say they slip in when they can.
Trading Restrictions and Blackout Periods
Insiders and employees with knowledge of confidential material information about the Company or counter-parties in negotiations of potentially material transactions are prohibited from trading securities of the Company or any counter-party until the information has been fully disclosed and a reasonable period has passed for the information to be widely disseminated.
Quarterly trading blackout periods will apply to all insiders and employees during periods when financial statements are being prepared but results have not yet been publicly disclosed. Quarterly trading blackouts will commence the earlier of the first day following the end of a quarter or when preliminary financial statements for the quarter are available, and will end on the second day following the disclosing of quarterly financial results.
Blackout periods may be prescribed from time to time by the Committee as a result of special circumstances relating to the Company when insiders would be precluded from trading in its securities. All parties with knowledge of such special circumstances should be covered by the blackout. These parties may include external advisors such as legal counsel, investment bankers, investor relations consultants and other professional advisors, and counter-parties in negotiations of material potential transactions.
To protect the reputation of the Company and avoid the appearance of impropriety, all directors, officers and other insiders are required to pre-clear all proposed trades in the Company’s securities (including the exercise of stock options) with the Corporate Secretary or other designated officer of the Company.