tag:blogger.com,1999:blog-19551292.post8309396169533902260..comments2008-06-23T09:57:31.943-07:00Athletes' Accelerationhttp://www.blogger.com/profile/14187699836721744912noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-19551292.post-63076942135584944922008-06-23T09:57:00.000-07:002008-06-23T09:57:00.000-07:002008-06-23T09:57:00.000-07:00Amemdments to Rule 144 from the SEC. <A HREF="http://www.morganstanleyindividual.com/customerservice/fahomepage/default.asp?FA=/fa/Mark.Kaschenbach" REL="nofollow">Rule 144 Specialist</A><BR/>These amendments may also impact sponsors in a number of different ways, including by providing them with more flexibility to (i) resell securities received by them in connection with the sale of a portfolio company and (ii) resell securities acquired in a PIPE transaction without relying upon a resale registration statement. In light of the reduced holding periods and elimination of other requirements effected by these amendments, sponsors should also take a fresh look at the need for contractual post-IPO transfer restrictions on management and equity co-investors.<BR/><BR/>The amendments to Rule 144 also eliminate the manner of sale restrictions as to debt securities (including non-participating preferred stock) and increase the volume limitation of permitted resales during any three month period from 1% to 10% of any tranche of debt securities (or class of non-participating preferred stock).Anonymousnoreply@blogger.com