Section 16 Insider definition

Section 16 Insider means an officer or director of the Corporation subject to the short-swing profit liabilities of Section 16 of the 1934 Act.

Section 16 Insider means any person who is subject to the provisions of Section 16 of the Exchange Act, as provided in Rule 16a-2 promulgated pursuant to the Exchange Act.

Section 16 Insider means an officer or director of the Corporation subject to the short-swing profit liability provisions of Section 16 of the 1934 Act.

Examples of Section 16 Insider in a sentence

• The Section 16 Insider shall in return be entitled to a cash distribution from the Corporation in an amount equal to the excess of (i) the Take-Over Price of the number of shares in which the Optionee is at the time vested under the surrendered option (or surrendered portion thereof) over (ii) the aggregate exercise price payable for those vested shares.

• Upon the occurrence of a Hostile Take-Over, the Section 16 Insider shall have the unconditional right (exercisable for a 30-day period following such Hostile Take-Over) to surrender each option with such a Limited Right to the Corporation.

• For the purpose of preventing the unfair use of information that may have been obtained by a Section 16 Insider, any profits realized by a Section 16 Insider from any “purchase” and “sale” of Company stock during a six-month period, so called “short-swing profits,” may be recovered by the Company.

• Short sales include sales of stock that the Section 16 Insider does not own at the time of sale, or sales of stock against which the Section 16 Insider does not deliver the shares within 20 days after the sale.

• Similarly, certain purchases or sales of Company stock made within six months after an officer or director ceases to be a Section 16 Insider must be reported on Form 4.

More Definitions of Section 16 Insider

Section 16 Insider means a Participant who is, with respect to the Company, subject to Section 16 of the Exchange Act.

Section 16 Insider means any person who is subject to the provisions of Section 16 of the Exchange Act.

Section 16 Insider means any Participant who is designated by the Corporation as a reporting person under Section 16 of the Exchange Act.

Section 16 Insider means an officer or director of the Company subject to the short-swing profit liabilities of Section 16 of the Securities Exchange Act of 1934, as amended.

Section 16 Insider means a Participant who is subject to the reporting requirements of Section 16 as a result of the Participant’s position with the Company.

Section 16 Insider means each officer of the Company (or any Affiliate) and Board member who is subject to the short-swing trading restrictions of Section 16 of the 1934 Act.

Section 16 Insider means an officer or Director of the Company or any other Participant whose transactions in Shares are subject to the short-swing profit liabilities of Section 16 of the Exchange Act.