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

   1. (a) Does not effect any disposition of securities of the same class, other than by gift, within six months of the acquisition; and
   2. (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. (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. (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.

Statutory/Other Authority

ORS 731.244, 732.420, 732.430, 732.435, 732.445, 732.450 & 732.455

Statutes/Other Implemented

ORS 732.420 - 732.455

History

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