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SEC Amends Rules 144 and 145 and the Disclosure and Reporting Requirements for Smaller Companies; Creates New Exemptions From Registration for Employee Stock Options
November 19, 2007 Full PDF
On November 15, 2007, the SEC approved a series of noteworthy amendments to Rules 144 and 145 and the disclosure and reporting requirements for smaller companies. The SEC also adopted two exemptions from Exchange Act registration requirements for compensatory stock options. The attached advisory highlights the most important of these changes.