View this document in context at the NYSE Regulation Rules site:
No member of the Board of Directors or of any committee authorized by the Board shall vote at any meeting of the Board or of any such committee, or participate in its deliberations (except to the extent of testifying at the request of the Board or of such committee) with respect to the admission of a security to the List or to dealings upon the Exchange or with respect to the approval of any plan for the distribution of any listed security, if he has directly or indirectly a substantial interest in such security or in such plan. Without limiting the foregoing, such a member shall be deemed to have such an interest if:
(1) Such security or any other security of the same issuer is one in the distribution of which he or his member organization is participating or to his knowledge has within six months prior thereto participated, as or on behalf of an underwriter or a member of a selling syndicate or group; or
(2) he or any member, principal executive, approved person in his member organization is an officer or director (or person occupying a similar status or performing similar functions) or a voting trustee of the issuer of such security or of any corporation which to his knowledge controls or is controlled by the issuer or such security; or
(3) he or his member organization or any member, affiliate, principal executive, or approved person of such member organization to his knowledge owns directly or indirectly more than 1% of such security or of any class of stock of the issuer, or of any corporation which to his knowledge controls the issuer of such security; or
(4) he or his member organization or any member, affiliate, principal executive, or approved person of such member organization to his knowledge holds directly or indirectly any substantial contract, option, or other privilege to purchase such security; or to his knowledge within six months prior thereto has directly or indirectly purchased (other than through the exercise of a right to subscribe) such security from the issuer or an underwriter thereof at a price below the market price.
Amended: March 26, 1970; April 2, 2012 (NYSE-2012-06).