English to Swedish Bus/Financial Business/Commerce (general)

"Statement of Company Policy Regarding Securities Trades By Company Personnel"

QUESTION: As there anyone who understands what they mean by:

"...or to the exercise of a tax withholding right pursuant to which you elect to have the Company withhold shares subject to an option to satisfy tax withholding requirements."

AS IN:

Transactions Under Company Plans

Stock Option Exercises: The Company's insider trading policy does not apply to the exercise of an employee stock option, or to the exercise of a tax withholding right pursuant to which you elect to have the Company withhold shares subject to an option to satisfy tax withholding requirements. The policy does apply, however, to any sale of stock as part of a broker-assisted cashless exercise of an option, or any other market sale for the purpose of generating the cash needed to pay the exercise price of an option.

Employee Stock Purchase Plan. The Company's insider trading policy does not apply to purchases of Company stock in the Hypercom Employee Stock Purchase Plan resulting from your periodic contribution of money to the plan pursuant to the election you made at the time of your enrollment in the plan. The policy does apply to your election to participate in the plan for any enrollment period, and to your sales of Company stock purchased pursuant to the plan.

Additional Prohibited Transactions