If CEO has some price sensitive information that hasn't been released to market, then yep he'd be in a blackout. But the 4c has been released, so I am not sure what information the CEO would have that would stop him or others from trading.
The only exception that I know of would be that SPX has its own corporate policy that for some reason restricts trading by CEO and others for a period post release of a 4c (for example). But admit I have not read SPX policy to check, and surprised if it did have such a requirement.......but do you have some intel I don't?
EB
It's just the beginning for Spenda!, page-396
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