RE:RE:RE:RE:RE:RE:Insider trading. mdjbrown wrote: As alley said okgonow, insiders have arrangements to protect them if selling shares during a "material event" or cooling off period.
The execs at Medipharm are far to experienced to risk regulatory sanctions for insider trading on material news not made public.
"A complete 10b5-1 plan will include the number or dollar value of shares to be sold, the sale date, and for a limit order, the dates the order will remain open. Once in place, the executive, or any other person who may have material nonpublic information, may not change the parameters of the plan."
"Companies that facilitate the sale of shares to cover tax withholdings due in connection with the vesting of restricted stock or restricted stock units (a “sell-to-cover”) would need to ensure that the required cooling-off period has been met between the award holder's entry into the Rule 10b5-1 sell-to-cover .."
The 10b5-1 rule is a US rule not Canadian
if you could post equivilant Canadian rule that would be great
or if the sales were made on US exchanges please post that
I think all shares received by MPL board are received as Canadian equities as the company is a registered Canadian company