Transcript IPO Status - Inspired eLearning

Investors, Inc.
Insider Trading, Code of Ethics, and Procedures for
Complaints re: Ethics & Accounting Controls
By John Smith, General Counsel
Insider Trading Policy

Applies to anyone who has material non-public
information
– All employees
– Board of directors
– Certain others (consultants, contractors)

Helps to prevent insider trading

May not “tip” information
Material Non-Public Information

Material Information
– “any type of positive or negative information which could
reasonably be expected to affect the price of Company
securities.” Page 7 of Insider Trading Policy of 6/25/04

Non-Public Information
– “has not been widely disseminated to the public through
major newswire services, national news services and
financial news services.” Page 8 of Insider Trading Policy
Insider Trading Policy

You may exercise options at any time

You may buy stock when you do not have
material inside information

May only sell stock during “trading window”

Trading window is beginning of the close of
trading on 2nd full day following public release of
earnings and ending 10 days prior to the last
day of next quarterly period
Investors, Inc.
End of Demo..
By John Smith, General Counsel