(4) If a transaction or proposed transaction
is one that, in the ordinary course of the Board’s business, would not require approval by
the board of directors, a director or officer shall disclose in writing to
the Board or request to have entered
in the minutes of a meeting of the board of directors or one of its committees the nature and extent of the interest of the director or officer without delay after th
...[+++]e director or officer becomes aware of the transaction or proposed transaction.