Section 16 Filing

Section 16 a of the exchange act of 1934 the exchange act requires the reporting of beneficial ownership by the officers directors and stockholders who hold stock directly or indirectly beneficially owning more than 10 of the company s common stock or other class of equity securities registered under section 12 b or 12 g of the exchange act.

Section 16 filing. The initial filing is on form 3. Section 16 imposes filing standards for insiders and defines insiders as any officers directors or stockholders who. Easily set up file and access section 16 filings from anywhere.

Section 16 filer download the latest version read faqs get help and support. The sec has the authority to fine directors and executive officers for violations of their section 16 reporting obligations up to. On august 27 2002 the sec adopted rules and amendments to section 16 of the exchange act implementing the provisions of the sarbanes oxley act of 2002 that accelerated the deadline for filing most insider ownership reports.

The officer s purchase would be subject to section 16 and the officer would be required to file a form 3 within 10 days of the reincorporation and a form 4 reporting both the purchase and sale of the common shares following the sale of those shares. Key takeaways section 16 is a rule within the securities exchange act of 1934 sea that articulates the regulatory filing. With file16 part of dfin s portfolio of end to end solutions you can.

New look same exceptional features. Section 16 q a forum a forum for discussing electronic filing issues and experiences. File16 is a secure web based solution developed by dfin solutions the edgar market leader and section 16 filing leader to allow you to create manage and file section 16 documents sec forms 3 4 and 5.

Section 16 disclosure on corporate websites. Create test and live file unlimited or one off section 16 filings directly with the sec. Electronic filing of all section 16 reports became mandatory on june 30 2003 see release no.

Securities lawyer 101 blog. Section 16 a of the exchange act requires that directors and officers of a company that has a class of securities registered under section 12 of the exchange act a public company as well as persons who beneficially own more than 10 of any class of equity security other than an exempted security which is registered under section 12 of the exchange act file reports with the sec on forms 3 4 and 5. Previous faq 1 has been eliminated as moot.