Itshall be unlawful for any such beneficial owner, director or officer, directly or indirectly, to sellany equity security of such company ifthe person selling the security or the person’s principal does not own the security sold, or if owning the security, does not deliver itagainst such sale within twenty days thereafter, or does not within five days after such sale deposit it inthe mails or other usual channels of transportation; but no person shall be deemed to have violated this section ifthe person proves that notwithstanding the exercise of good faith the person was unable to make such delivery or deposit within such time, or that to do so would cause undue inconvenience or expense.
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