Examples of Quarterly Blackout Period in a sentence
Trading restrictions under Quarterly Blackout Periods and Event-Specific Blackout Periods do not apply to transactions made under an approved Rule 10b5-1 trading plan, although Rule 10b5-1 trading plans may not be adopted during a Quarterly Blackout Period or Event- Specific Blackout Period.
If you are an Executive Officer or Director of the Company, you are subject to certain restrictions on trading, including a prohibition from trading in Company stock during a Quarterly Blackout Period.
The Company shall use its commercially reasonable efforts to notify the Holders in writing not less than two (2) calendar days prior to the commencement and ending of a Black-Out Period, other than a Quarterly Blackout Period.
The prohibition on trading in Company securities by Covered Persons during the Quarterly Blackout Period is designed to prevent any inadvertent trading by such persons in the Company's securities during times when there may be material financial information about the Company that has not been publicly disclosed.
The grant or exercise of stock options to purchase the Company's stock is permitted during the Quarterly Blackout Period (although any sale of such stock during the Quarterly Blackout Period is prohibited unless such sale is made pursuant to an approved Rule 10b5-1 Trading Plan, as discussed below).
This period of time is referred to as a “Quarterly Blackout Period,” and all Insiders are prohibited from trading in Company securities during a Quarterly Blackout Period.
Each Quarterly Blackout Period begins on the tenth day of the third month of the quarter and ends on the commencement of trading on the New York Stock Exchange on the second business day following the date of the public release of the Company’s quarterly earnings results.
Each Quarterly Blackout Period begins at 12:01 a.m. Eastern time on the 16th day of the third month of the quarter (i.e. 12:01 a.m. Eastern time on each March 16, June 16, September 16 and December 16) and ends at 11:59 p.m. Eastern time on the second full trading day following the public dissemination by AVANGRID of its quarterly (or, in the case of the fourth quarter, annual) financial results by press release to the national wire services or by making a filing with the SEC.
Each Quarterly Blackout Period begins at 12:01 a.m. of the day three weeks before the Company’s scheduled earnings announcement and ends at 11:59 p.m. on the close of trading at the end of the operations of the first full trading day mentioned in point III (Public Disclosure) following the public dissemination by Loma Negra of its quarterly (or, in the case of the fourth quarter, annual) financial results by press release to the national wire services or by making a filing with the CNV or the SEC.
The Company is not obligated to effect an underwritten offering (a) more than twice in any 365-day period, (b) if the anticipated gross proceeds are less than $25 million (unless the Investor is proposing to sell all of its remaining Registrable Securities), or (c) during a Quarterly Blackout Period (as defined in the Investor Rights Agreement).