Survey Results: Hedging and Other Trading Prohibitions in Insider Trading Policies

1. Our company's insider trading policy prohibits insiders from trading in any of the following: (Total responses: n=90)
(select all that apply, may total more than 100%)
n=37 (41.11%) Exchange-traded options
n=33 (36.67%) Hedging/monetization transactions (e.g., zero cost collars, forward sale contracts)
n=41 (45.56%) Puts and calls
n=23 (25.56%) Margin accounts
n=21 (23.33%) Pledges
n=9 (10.00%) None of the above
n=1 (1.11%) We don't have an insider trading policy

2. Our company discourages - but still permits - the following: (Total responses: n=44)
(select all that apply, may total more than 100%)
n=8 (18.18%) Exchange-traded options
n=11 (25.00%) Hedging/monetization transactions (e.g., zero cost collars, forward sale contracts)
n=6 (13.64%) Puts and calls
n=21 (47.73%) Margin accounts
n=23 (52.27%) Pledges
n=13 (29.55%) None of the above