Section 16 Reporting Person definition

Section 16 Reporting Person means a person required by Section 16 of the Exchange Act and related rules to file reports concerning such person’s ownership of and transactions in Company equity securities.
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Section 16 Reporting Person means any person who is an officer or director of the Company within the meaning of Section 16 of the Exchange Act and the rules and regulations promulgated thereunder.
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Section 16 Reporting Person means any person subject to the reporting requirements under Section 16 of the Exchange Act.
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Examples of Section 16 Reporting Person in a sentence

  • In order to be eligible for this benefit, Employee must have had more than ten (10) years of continuous service to Employer or its affiliates as of the Termination Date or must immediately prior to the transaction giving rise to the change in control be a Section 16 Reporting Person.

  • Satisfaction of the Tax Liability of a Section 16 Reporting Person may be made by the method of payment specified in clause (iii) above upon satisfaction of such additional conditions as the Committee shall deem in its sole and absolute discretion as appropriate in order for such withholding of Option Shares to qualify for the exemption provided for in Section 16b-3 of the Exchange Act.

  • If the transaction is cleared to proceed, the News Corporation Legal Department will assist a Section 16 Reporting Person in complying with Section 16 and, where applicable, Rule 144 of the Securities Act of 1933, as amended.

  • Each Section 16 Reporting Person must ensure that his or her broker provides the Company with detailed information (trade date, number of shares, exact price) regarding every transaction involving the securities of the Company, including gifts, transfers, pledges and all Rule 10b5-1 transactions, both in connection with mandatory pre-clearance requirements for such Section 16 Reporting Persons and immediately following execution.

  • The prohibition against trading during the Black-Out Period also prohibits the fulfillment of “limit orders” by any broker for such Section 16 Reporting Person, Designated Individual or member of such person’s immediate family or household, and the brokers with whom any such “limit order” is placed must be informed of such prohibition at the time such “limit order” is placed.

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  • Notwithstanding the foregoing, any allocation in to, or out of, the Company Stock Fund by a Section 16 Reporting Person shall require the prior approval of the Section 16 Committee.

  • No Section 16 Reporting Person, Trustee, Key Employee, or member of such individual’s immediate family or household shall purchase the Company’s securities on margin.

  • Any Company securities purchased on the open market by a Section 16 Reporting Person, Designated Individual or member of such individual’s immediate family or household must be held for a minimum of six (6) months.

  • In general, Section 16(b) of the Exchange Act provides that any profit realized by a Section 16 Reporting Person in connection with a purchase and a sale of the Company’s stock or other Securities within a period of less than six months must be paid to the Company and cannot be retained by the Section 16 Reporting Person.


More Definitions of Section 16 Reporting Person

Section 16 Reporting Person means a person who is a director or officer of the Company for purposes of Section 16.
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Section 16 Reporting Person means any (a) director of the Company or (b) officer of the Employer designated by the Board to be an "executive officer" for purposes of Section 16(a) of the Exchange Act.
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Section 16 Reporting Person has the meaning set forth in Section 3J.
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Section 16 Reporting Person means any of the following, all of whom are subject to the reporting requirements of Section 16 of the Securities and Exchange Act of 1934, as amended: all members of the board of directors, officers, beneficial owners of more than 10% of any class of equity Securities, and Insiders performing significant policy-making functions for the Company.
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Related to Section 16 Reporting Person

  • Exchange Act Person means any natural person, Entity or “group” (within the meaning of Section 13(d) or 14(d) of the Exchange Act), except that “Exchange Act Person” will not include (i) the Company or any Subsidiary of the Company, (ii) any employee benefit plan of the Company or any Subsidiary of the Company or any trustee or other fiduciary holding securities under an employee benefit plan of the Company or any Subsidiary of the Company, (iii) an underwriter temporarily holding securities pursuant to a registered public offering of such securities, (iv) an Entity Owned, directly or indirectly, by the stockholders of the Company in substantially the same proportions as their Ownership of stock of the Company; or (v) any natural person, Entity or “group” (within the meaning of Section 13(d) or 14(d) of the Exchange Act) that, as of the Effective Date, is the Owner, directly or indirectly, of securities of the Company representing more than 50% of the combined voting power of the Company’s then outstanding securities.

  • Exchange Act means the Securities Exchange Act of 1934, as amended.

  • qualifying person means a person in respect of whom payment has been made from the Fund, the Eileen Trust, MFET Limited, the Skipton Fund, the Caxton Foundation or the London Bombings Relief Charitable Fund;

  • 1934 Act means the Securities Exchange Act of 1934, as amended.