what is rule 144 for bonds ?

Answer 1

1. The prescribed holding period must be met.
2. There is an 'adequate' amount of current information available to the public regarding the historical performance of the security.
3. The amount to be sold is less than 1% of the shares outstanding and accounts for less than 1% of the average of the previous four weeks' trading volume.
4. All of the normal trading conditions that apply to any trade have been met.
5. If wishing to sell more than 500 shares or an amount worth more than $10,000, the seller must file a form with the SEC before the sale.

Answer 2

Rule 144
Securities and Exchange Commission (SEC) Rule 144 is a means by which restricted and control securities may be sold in compliance with federal law and regulations. Rule 144 requirements depend upon who owns the security, the length of time it has been owned, and how it was acquired. Rule 144 applies to the resale of restricted securities as well as to restricted and non-restricted securities sold by control persons. To sell the security, some or all of these requirements must be met:

The issuer must be in compliance with SEC reporting requirements
A holding period of one year must have been met by the shareholder
However, a control person may sell unrestricted securities without regard to the holding period. Volume restrictions still apply.

The amount of stock sold in any three-month period does not exceed the volume limitations which are the greater of 1% of the outstanding shares or the average weekly trading volume for the four calendar weeks preceding the filing of a form 144 notice.

A Form 144 notice must be filed in certain transactions
The stock must be sold in a broker's transaction or a transaction with a market maker
Solicitation of purchasers is prohibited.

Answer 3

Rule 144 applies to restricted securities. Bonds are not usually restricted. I suppose convertible bonds might be restricted under certain circumnstances.

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