For Purposes of Section 16(b) of the 1934 Securities Exchange

question 40

Multiple Choice

For purposes of Section 16(b) of the 1934 Securities Exchange Act, which of the following are not "insiders"?

• A) Shareholders owning more than 10 percent of the stock of a corporation listed on a national stock exchange or registered with the SEC.
• B) Directors.
• C) Officers.
• D) All of these may be considered insiders.

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Definitions:

Scapula

A flat, triangular bone located on the posterior side of the shoulder, also known as the shoulder blade.

Sagittal Suture

A cranial suture located between the two parietal bones of the skull, extending from the front to the back of the head.

Parietal Bones

Skull bones located on the sides of the head, forming the top and sides of the cranial cavity.

Occipital

Pertaining to the occiput, the posterior portion of the skull or the back of the head.