Who qualifies as an exempt investor under Section 13 of the Exchange Act?
Who qualifies as an exempt investor under Section 13 of the Exchange Act?
Exempt Investors. A reporting person is an “Exempt Investor” if the reporting person beneficially owns more than 5% of a class of an issuer’s Section 13(d) Securities at the end of a calendar year, but its acquisition of the securities is exempt under Section 13(d)(6) of the Exchange Act.
What is an 8K vs 10-K?
10-K – the annual report that is filed (yearly) by a company. This is an extremely in-depth document that contains everything that you ever wanted to know about the company. 8-K – a form that is filed by companies to inform their shareholders of “unscheduled material events that are important to shareholders”.
When does a Schedule 13D need to be amended?
The Schedule 13D must be amended “promptly” to report any material change in the information provided, including any acquisition or disposition of 1% or more of the class. Rule 13d-2(a)
What does the Williams Act mean for Schedule 13(d)?
The Williams Act also mandates that every Schedule 13 (D) be amended “promptly” in the event of a material change in the investor’s equity position—for example, an increase or decrease of 1% of the investor’s holdings. Here again, the Act’s framers emphasized that the speed of disclosure was paramount.
What is rule 13d-1(C)?
Rule 13d-1(c) Amendments: File promptly to reflect any material change including a change in investment purpose. An acquisition or disposition of beneficial ownership of securities equal to 1% or more of the class is deemed to be a material change.
Where can I find form 13D?
In the database, Form 13D can be found under the title “SC 13D – General statement of acquisition of beneficial ownership.” SC13D/A is the amended version of the filing. Sections of the Schedule 13D Filing Schedule 13D includes seven sections:
