Conn. Agencies Regs. § 36a-136-27 – Limitations on the aggregate purchases of conversion shares by officers, directors and their associates

(a) Officers and directors of the converting institution and their associates shall not purchase, in the aggregate, more than the following percentage of the total stock offering in the conversion: Officer, director and associateInstitution sizepurchases (per cent)$50,000,000 or less35$50,000,001-100,000,00034$100,000,001-150,000,00033$150,000,001-200,000,00032$200,000,001-250,000,00031$250,000,001-300,000,00030$300,000,001-350,000,00029$350,000,001-400,000,00028$400,000,001-450,000,00027$450,000,001-500,000,00026Over $500,000,00025
(b) The purchase limitations in this section shall not apply to shares held in tax-qualified employee stock benefit plans that are attributable to the officers, directors and their associates.

(Adopted effective September 7, 2007)