Consider the following transactions by a director of a corporation listed on the National Stock Exchange.

September 1, 2015, purchased 100 shares of his company's stock at $10 per share.

October 30, 2016, sold the 100 shares of stock for $7 per share.

November 30, 2016, purchased 100 shares of his company's stock for $5 per share.

Does the director have any liability under 16b?

Question

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

Quizplus · Accepted Answer

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

Consider the Following Transactions by a Director of a Corporation