OAR 836-024-0150: Exemption for Small Transactions

(1) An acquisition of securities is exempt from ORS 732.430 when the person effecting the acquisition: (a) Does not effect any disposition of securities of the same class, other than by gift, within six months of the acquisition; and (b) Does not participate in acquisitions or in dispositions of securities of the same class having a total market value in excess of $3,000 for any six-month period during which the acquisition occurs. (2) An acquisition or disposition of securities by way of gift, when the total amount of the gifts does not exceed $3,000 in market value for any six-month period, is exempt from ORS 732.430 and may be excluded from the computations under section (1)(b) of this rule. (3) A person effecting a transaction exempted by section (1) or (2) of this rule shall include in the first report filed after the transaction a statement showing acquisitions and dispositions of the person for each six-month period or portion thereof that has elapsed since the last filing.