Investment Information Page--EDGAR
Forms 3, 4, 5
Corporate insiders-meaning a company's officers and directors, and any beneficial owners of more than ten percent of a class of the company's equity securities registered under Section 12 of the Securities Exchange Act of 1934-must file with the SEC a statement of ownership regarding those securities. On August 27, 2002, the SEC adopted new 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 initial filing is on Form 3. An insider of an issuer that is registering equity securities for the first time under Section 12 of the Exchange Act must file this Form no later than the effective date of the registration statement. If the issuer is already registered under Section 12, the insider must file a Form 3 within ten days of becoming an officer, director, or beneficial owner.
Changes in ownership are reported on Form 4 and must be reported to the SEC within two business days. You can find the limited categories of transactions not subject to the two-day reporting requirement in the new rule.
Insiders must file a Form 5 to report any transactions that should have been reported earlier on a Form 4 or were eligible for deferred reporting. If a Form must be filed, it is due 45 days after the end of the company's fiscal year.
Since June 30, 2003, the SEC has required insiders to submit forms electronically through the SEC's EDGAR system. (Prior to that date, insiders could choose, but were not required, to file electronically). The SEC also requires companies that maintain websites to now post the forms by the end of the next business day after filing them with the SEC.
If you are searching for the forms that were not previously filed on EDGAR, you may order a paper version from our Public Reference Branch as follows:
U.S. Securities and Exchange Commission
100 F St NE
Washington, D.C. 20549-0102
Telephone: (202) 551-8090
Fax: (202) 628-9001
Email: [email protected]
Please note that you may have to pay a photocopying charge of $0.26 per page, plus postage.
You also may be able to find Form 4 on the Nasdaq's website. Simply enter the ticker symbol for the company in the "Quotes" box and click "GO". In the pull-down box on the next screen, replace "FlashQuotes" with "Insider Form 4". There also are many commercial websites that offer this information. If you enter the words "insider reports" into most Internet search engines, you'll quickly find websites that can provide this information.