General Rules and Regulations
promulgated
under the
Securities Exchange Act of 1934
Rule 16a-6 -- Small Acquisitions
Any acquisition of an equity security or the right
to acquire such securities, other than an acquisition from the issuer (including
an employee benefit plan sponsored by the issuer), not exceeding $ 10,000
in market value shall be reported on Form
5, subject to the following conditions:
Such acquisition, when aggregated with other
acquisitions of securities of the same class (including securities underlying
derivative securities, but excluding acquisitions exempted by rule from
section 16(b) or previously reported
on Form 4 or Form 5) within the prior
six months do not exceed $10,000 in market value; and
The person making the acquisition does not
within six months thereafter make any disposition, other than by a transaction
exempt from section 16(b) of the Act.
If an acquisition no longer qualifies for the reporting
deferral in paragraph (a) of this section, all such acquisitions that have
not yet been reported must be reported on Form 4 before the end of the second
business day following the day on which the conditions of paragraph (a) of
this section are no longer met.
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