It means that an insider is disposing of (disposition) some stock in a
private transaction (non open market) at a price of zero. What this
usually means in plain (er) English is that the person is giving away
stock, possibly as a gift or a donation. These types of transactions can
also show up as "acquisitions" if the insider is receiving stock for
some reason.
http://sg.answers.yahoo.com/question/index?qid=20071117221632AA6cSSz
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