(a) Any acquisition of securities shall be exempt from section 302.1(1) of the act (40 P. S. § 422.1(1)) if the person effecting the acquisition does not:
- (1) Within 6 months thereafter effect any disposition, otherwise than by way of gift, of securities of the same class.
- (2) Participate in acquisitions or in dispositions of securities of the same class having a total market value in excess of $3,000 for any 6-month period during which the acquisition occurs.
- (b) Any acquisition or disposition of securities by way of gift, if the total amount of the gifts does not exceed $3,000 in market value for any 6-month period, shall be exempt from section 302.1(1) of the act, and may be exluded from the computations prescribed in subsection (a)(2) of this section.
- (c) Any person exempted by subsection (a) or (b) shall include in the first statement filed by him after a transaction within the exemption a statement showing his acquisitions and dispositions for each 6-month period or portion thereof which has elapsed since his last filing.