South Dakota Administrative Rules
Title 20 - PUBLIC SAFETY
Article 20:06 - INSURANCE
Chapter 20:06:04 - Insider trading of equity securities
Section 20:06:04:33 - Exemption of long-term profits incident to sales within six months of the exercise of an option
Universal Citation: SD Admin Rules 20:06:04:33
Current through Register Vol. 50, page 114, March 25, 2024
To the extent specified in § 20:06:04:33 there is hereby exempted as not comprehended within the purpose of SDCL 58-5-71 to 58-5-73, inclusive, any transaction or transactions involving the purchase and sale, or sale and purchase, of any equity security where such purchase is pursuant to the exercise of an option or similar right either acquired more than six months before its exercise, or acquired pursuant to the terms of an employment contract entered into more than six months before its exercise.
General Authority: SDCL 58-5-73, 58-5-77.
Law Implemented: SDCL 58-5-70 to 58-5-73.
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