Calculation of Average Weekly Trading Volume Under Rule 144 and Termination of a Rule 10b5-1 Trading Plan
SEC · other · Published 2001-09-27 · 66 FR 49273
Document
Document number
01-24187
Federal Register citation
66 FR 49273
CFR reference
17 CFR 211
Type
Rule
Action
Interpretation.
Category
other
Agency
US Securities and Exchange Commission
Publication date
2001-09-27
Docket
Release Nos. 33-8005A
Abstract
This release expresses the Commission's view on how to calculate the average weekly reported volume of trading in securities under Rule 144(e), given the lack of trading during the week of September 10, 2001. This release also expresses the Commission's view that termination of a Rule 10b5-1 trading plan during the period between September 11, 2001 and September 28, 2001, inclusive, does not, by itself, suggest that the plan was not "entered into in good faith and not as part of a plan or scheme to evade" the insider trading rules within the meaning of Rule 10b5-1(c).