FairPoint Communications 2014 Annual Report Download - page 134

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Margin Accounts and Pledges
Securities held in a margin account may be sold by the broker without the customer’s consent if the customer fails to meet a
margin call. Similarly, securities pledged (or hypothecated) as collateral for a loan may be sold in foreclosure if the borrower defaults
on the loan. A margin sale or foreclosure sale may occur at a time when the pledgor is aware of Material Nonpublic Information or
otherwise is not permitted to trade in Company securities pursuant to Blackout Period restrictions. Thus, employees, officers and
directors are prohibited from pledging Company securities as collateral for a loan. Additionally, shares of Company stock may not be
held in a margin account.
Post-Termination Transactions
This Policy continues to apply to transactions in Company securities even after an employee, officer or director has resigned or
terminated employment. If the person who resigns or separates from the Company is in possession of Material Nonpublic Information
at that time, he or she may not trade in Company securities until that information has become public or is no longer material.
Communications with the Public
The Company is subject to the SEC’s Regulation FD and must avoid selective disclosure of Material Nonpublic Information.
The Company has established procedures for releasing material information in a manner that is designed to achieve broad public
dissemination of the information immediately upon its release. Pursuant to Company policy, only the executive officers who have been
authorized to engage in communications with the public may disclose information to the public regarding the Company and its
business activities and financial affairs. The public includes, without limitation, research analysts, portfolio managers, financial and
business reporters, news media and investors. In addition, because of the risks associated with the exchange of information through
such communications media, employees are strictly prohibited from posting or responding to messages containing information
regarding the Company on Internet “bulletin boards,” Internet “chat rooms” or in similar online forums. Employees who inadvertently
disclose any Material Nonpublic Information must immediately advise the Insider Trading Compliance Officer so the Company can
assess its obligations under Regulation FD and other applicable securities laws.
CLT:25974.05 8