SM , the following article makes it clear ( section 3 & 4 ) They...

SM ,

the following article makes it clear ( section 3 & 4 )

They cannot comply if they know something material so can only assume the like sgt schultz "know nothing"

Section 3

To “trade” includes the exercise of an option or the conversion of a share acquisition right.

Section 4

Inside Information is information that: (a) is not generally available; and (b) if it were generally available, a reasonable person would expect it to have a material effect on the price or value of the securities.