Consider the Following Transactions by a Director of a Corporation

question 87

Essay

Consider the following transactions by a director of a corporation listed on the National Stock Exchange.
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September 1, 2015, purchased 100 shares of his company's stock at $10 per share.
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October 30, 2016, sold the 100 shares of stock for $7 per share.
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November 30, 2016, purchased 100 shares of his company's stock for $5 per share.
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Does the director have any liability under 16b?

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Definitions:

Motor Development

The progression of muscle coordination and bodily movements in humans, which occurs as part of the aging process.

Fine Motor Skills

The ability to make movements using the small muscles in our hands and wrists, important for tasks such as writing, typing, and tying shoelaces.

Gross Motor Skills

The abilities required to control the large muscles of the body for activities such as walking, jumping, and climbing.

Pool Party

A social gathering held around a swimming pool, typically featuring entertainment, food, and beverages, and often associated with leisure and celebration.