Series 79: Beneficial Ownership Reports Of Insiders: Forms 3, 4, And 5

Beneficial Ownership Reports of Insiders: Forms 3, 4, and 5

Section 16 of the Exchange Act requires certain corporate insiders of public companies to file statements with the SEC disclosing their ownership interests. These insiders, sometimes also called affiliates, are defined to be directors, officers, and any principal stockholders of public companies who are the “beneficial owners” of more than 10% of any class of the company’s registered equity securities. (A beneficial owner does not include an entity that holds securities for the benefit of a third party or in customer accounts, such as a broker-dealer, bank, mutual fund company, etc.)

Three different forms are used to disclose insider ownership in