Or. Admin. Code § 836-024-0150

Current through Register Vol. 63, No. 12, December 1, 2024

Section 836-024-0150 - Exemption for Small Transactions

(1) An acquisition of securities is exempt from ORS 732.430 when the person effecting the acquisition:

(a) Does not effect any disposition of securities of the same class, other than by gift, within six months of the acquisition; and

(b) Does not participate in acquisitions or in dispositions of securities of the same class having a total market value in excess of $3,000 for any six-month period during which the acquisition occurs.

(2) An acquisition or disposition of securities by way of gift, when the total amount of the gifts does not exceed $3,000 in market value for any six-month period, is exempt from ORS 732.430 and may be excluded from the computations under section (1)(b) of this rule.

(3) A person effecting a transaction exempted by section (1) or (2) of this rule shall include in the first report filed after the transaction a statement showing acquisitions and dispositions of the person for each six-month period or portion thereof that has elapsed since the last filing.

Or. Admin. Code § 836-024-0150

ID 16-2006, f. & cert. ef. 8-7-06

Stat. Auth: ORS 731.244, 732.420, 732.430, 732.435, 732.445, 732.450, 732.455

Stats. Implemented: ORS 732.420 - 732.455