• January 2019
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Blackout period

A period of time during which directors, executive officers, certain employees and certain other persons and related entities are prohibited from selling or buying a company’s securities. The normal blackout period is from two weeks before the end of each fiscal quarter and to the second full day of trading after the quarterly earnings report is made public. Blackouts also are imposed in connection with important corporate changes, such as mergers and acquisitions.

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