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Definition of 'Lockdown'
A specified period when an employee of a public company is barred from selling - and occasionally buying - his or her company's stock.
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Investopedia explains 'Lockdown'
These types of equity transaction restrictions can be imposed by securities regulators or underwriting firms if a company has recently issued public securities. They can also be self-imposed by a corporation as an impetus for employees to retain company stock.
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Search results for 'Lockdown'
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http://www.investopedia.com/articles/analyst/011802.asp
... Source: www.dol.gov. The plan subsequently implemented a lockdown period, during
which participants were not allowed to move Enron stocks from their accounts. ...
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http://stocks.investopedia.com/stock-analysis/2010/Three-Small-Caps-The-Insiders-Are-Buying-STXS-HNSN-ISRG-CRN-GEO-PQ-CXW0309.aspx
... Full Lockdown. Last week, a director for Cornell Companies (NYSE: CRN) picked up
more than $190,000 worth of CRN shares at an average price of $19.38. ...
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