Consider the Following Transactions by a Director of a Corporation

Essay

Consider the following transactions by a director of a corporation listed on the National Stock Exchange.
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September 1, 2015, purchased 100 shares of his company's stock at $10 per share.
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October 30, 2016, sold the 100 shares of stock for $7 per share.
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November 30, 2016, purchased 100 shares of his company's stock for $5 per share.
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Does the director have any liability under 16b?