Consider the Following Transactions by a Director of a Corporation

question 41

Essay

Consider the following transactions by a director of a corporation listed on the National Stock Exchange.
September 1, 2013, purchased 100 shares of his company's stock at $10 per share. October 30, 2013, sold the 100 shares of stock for $7 per share.
November 30, 2014, purchased 100 shares of his company's stock for $5 per share.
Does the director have any liability under 16b?

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Definitions:

Breakout Sessions

Smaller, focused discussions or workshops that are part of a larger conference or event, allowing for more specialized engagement.

Conference Tables

Large tables designed to accommodate multiple individuals during meetings, discussions, or collaborative work sessions.

Presentation Software

Computer programs used to create slideshows or multimedia presentations to display information visually.

Linear Flow

A sequential process or progression where each step follows the previous one in a straight line.