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

• However, if the Section 16 Insider fails to file a report of the transaction under Section 16(a), as required, the two-year limitation period does not begin to run until after the transactions giving rise to the profit have been disclosed.

• Before writing put or call options with respect to the Company’s equity securities, a Section 16 Insider should consult with the Bank’s Senior Executive Vice President for Finance and Risk Management.

• The first six-month period begins to run on the date of the first transaction after the person becomes a Section 16 Insider.

• For example, if a Section 16 Insider buys 1,000 shares of the Company’s common stock on January 1 at $15 per share and, within six months, sells the shares for $20 per share, he or she will be liable to the Company for the total profit of $5,000.

• The Section 16 Insider liability under Section 16(b) of the 1934 Act is only to the Company itself.

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.