Section 230-RICR-20-45-5.11 - Exemption for Small Transactions.A. Any acquisition of securities shall be exempt from R.I. Gen. Laws § 27-1-29 where 1. The person effecting the acquisition does not within six (6) months thereafter effect any disposition, otherwise than by way of gift, of securities of the same class, and2. The person effecting such acquisition does not participate in acquisitions or in dispositions of securities of the same class having a total market value in excess of three thousand dollars ($3,000) for any six (6) month period during which the acquisition occurs.B. Any acquisition or disposition of securities by way of gift, where the total amount of such gifts does not exceed three thousand dollars ($3,000) in market value for any six (6) month period, shall be exempt from R.I. Gen. Laws § 27-1-29 and may be excluded from the computation prescribed in § 5.11(A)(2) of this Part.C. Any person exempted by §§ 5.11(A) or (B) of this Part shall include in the first report filed by him after a transaction within the exemption a statement showing his acquisitions and dispositions for each six (6) month period or portion thereof which has elapsed since his last filing.230 R.I. Code R. 230-RICR-20-45-5.11