Half Empty, Half Full: Thoughts on the SEC's Rule 10b5-1 Proposal

Episode Notes

• Background on the Rule 10b5-1 proposal (0:25)
• Required cooling-off period (2:28)
• Prohibition on overlapping plans (4:26)
• Limitation on single-trade plans (5:34)
• Good faith requirement (6:52)
• Certification requirement (8:13)
• Quarterly disclosure of adoption and termination of 10b5-1 plans by officers and directors (9:25)
• Form 10b5-1 checkbox on Forms 4 and 5 (9:34)
• Reporting gifts on Form 4 (9:51)
• Disclosure of insider trading policies (10:07)
• Disclosure of options granted to named executive officers or directors within 14 days of company filings and repurchases (10:17)
• John's additional thoughts on the proposed rules (10:47)
• Happenings at CCRcorp that NASPP members might be interested in (12:11)
• Additional resources (12:52)

Resources Mentioned in this Episode

• NASPP blog entries on Rule 10b5-1
• SEC Proposes Amendments to Rule 10b5-1
• Rule 10b5-1 & Buybacks: Practical Impacts of SEC's Proposals (TheCorporateCounsel.net webcast)
• The Latest: Your Upcoming Proxy Disclosures (CompensationStandards.com webcast)
• PracticalESG.com