Excerpt: [T]he term 'director' would have the same meaning as under the general Exchange Act rules, and the term 'executive officer' would have the same meaning as the term 'officer' under the insider reporting requirements of Section 16(a) of the Exchange Act. This will both streamline compliance with the new statutory trading prohibition and enable security holders to monitor the trading activities of an issuer's directors and executive officers using the Section 16(a) reporting form.