; and (B) the volume of covered purchases condition under paragraph (4) shall be modified so that the amount of covered purchases may not exceed 100 percent of the average daily trading volume for that security. (e) Prohibition on sales by executive officers (1) In general Except as provided in paragraph (2), upon the announcement by an issuer of the initiation, continuation, or increase in size of a repurchase plan for the common stock of the issuer, an executive officer of the issuer may not sell shares of the common stock of the issuer during the 7-day period beginning on the date of the announcement. (2) Exception An executive officer of an issuer may sell shares of the common stock of the issuer during the 7-day period described in paragraph (1) if the sale of the shares involves a sale of common stock that satisfies the conditions under section 240.10b5–1(c) of title 17, Code of Federal Regulations, or any successor regulation. (f) Additional regulation The Commission may, by rule, establish further disclosures, conditions, or requirements to increase the information provided by issuers with respect to repurchases of common stock. . (c) Form 8–K Not later than 1 year after the date of enactment of this Act, the Securities and Exchange Commission (referred to in this section as the Commission ) shall revise the form described in section 249.308 of title 17, Code of Federal Regulations, or any successor regulation (commonly known as Form 8–K ), to require the disclosure of the information described in section 9A(c) of the Securities Exchange Act of 1934, as added by subsection (b). (d) Study Not later than 1 year after the date of enactment of this Act, the Commission shall submit to Congress— (1) the results of a study conducted by the Commission regarding the impact of this section, and the amendments made by this section, on thinly traded securities