Because of access to Inside Information on a regular basis, all
(i) directors and officers of Walter;
(ii) Walter senior accounting, finance, legal and investor relations personnel;
(iii) Presidents and controllers at any of Walter’s Significant Subsidiaries;
(iv) persons referred to in Section 6; and
(v) Family Members and Controlled Entities of any of the persons identified in
clauses (i) through (iv) (such persons and entities identified in clauses (i) though
(v), (“Designated Personnel”)
are hereby prohibited from effecting transactions in the Company’s securities
(excluding exercising an option, but including selling the option or the underlying stock)
during Blackout Periods. Unless otherwise specified by the Company in a written
notice to Company Personnel, “Blackout Periods” shall be the period commencing on
and including the tenth calendar day of the last month of each fiscal quarter and
expiring on and including the second trading day after the day on which the Company
announces its quarterly or annual earnings. Even if a Blackout Period is not in effect (a
“Window Period”), the Company may impose additional or different Blackout Periods as
it deems necessary. If any Designated Personnel comes into possession of Inside
Information, such Designated Personnel may not effect a transaction in the Company’s
securities until at least two trading days after the public disclosure of such Inside
Information, even if during a Window Period.
For the love of God, please don't let any insider buy ... if they do, we are going to $5 PPS.
If history tells us one thing, WLT insiders are PERFECT CONTRARIAN INDICATORS - they buy, the stock falls. Heck, they have been buying from $70s!!!