GWR » Topics » Policy on Non-Public Information and Trading in GWR Stock

This excerpt taken from the GWR DEF 14A filed Apr 23, 2007.

Policy on Non-Public Information and Trading in GWR Stock

The Company’s current policy permits directors, Executive Officers and other key employees to trade Company securities, including any purchases of puts, calls, options or warrants, only during limited window periods following earnings releases and only after they have pre-cleared transactions with the legal department. Although we do not have a formal policy that prohibits transactions that hedge an individual’s economic risk of owning shares of our common stock, we believe all such transactions by directors and Executive Officers in 2006 have been publicly disclosed.



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