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This document is used for reporting changes in beneficial ownership of securities by individuals or entities, detailing transactions involving non-derivative and derivative securities.

How to fill out statement of changes in

How to fill out Statement of Changes in Beneficial Ownership

1. Begin by downloading the Statement of Changes in Beneficial Ownership form from the appropriate regulatory authority's website.
2. Fill in the name and contact details of the reporting person at the top of the form.
3. Provide details about the reporting person's relationship to the company whose beneficial ownership is being reported.
4. Indicate the date of the transaction that triggered the change in beneficial ownership.
5. List the securities affected by the change, including the class of securities and the number of shares.
6. Specify whether the change was an acquisition or a sale of securities.
7. Provide any relevant information regarding the purpose of the transaction.
8. Sign and date the form to confirm that the information provided is accurate and complete.
9. Submit the completed form according to the specified submission guidelines of the regulatory authority.

Who needs Statement of Changes in Beneficial Ownership?

1. Individuals or entities that own or control securities and experience changes in their beneficial ownership.
2. Insiders of publicly traded companies, including directors, officers, and large shareholders.
3. Companies that are required to report ownership changes under securities regulations.

People Also Ask about

What is the difference between legal ownership and beneficial ownership in the UK?

The legal ownership is separate from the beneficial ownership and the legal owner or owners will not necessarily be the same as the beneficial owner or owners. The legal owner is said to hold the beneficial interest in the property on trust for the beneficial owner.

What is the beneficial ownership law in the UK?

In the context of company beneficial ownership (and for legal entities similar to companies), a beneficial owner is typically defined as any person having a set level of ownership or of influence or control over the decision and actions of the company/legal entity.

Who is the beneficial owner of a trust in the UK?

Regulation 6(1) defines “the beneficial owners in relation to a trust” as the settlor, the trustees, the beneficiaries (or class of beneficiaries) and any individual who has control over the trust.

What is a beneficial ownership in simple terms?

A beneficial owner is someone who owns at least part of a property or other asset, even if its legal title is owned by someone else. That person can also vote on or otherwise influence decisions regarding transactions involving that asset or property. An example is a corporate shareholder.

What is the form 3 initial statement of beneficial ownership?

Form 3 is a document that a company insider or major shareholder must file with the SEC. The information provided on the form is meant to disclose the holdings of directors, officers, and beneficial owners of registered companies and becomes public record.

What is a beneficial ownership statement?

Beneficial ownership information refers to identifying information about the individuals who directly or indirectly own or control a company. [Issued March 24, 2023]

What is beneficial ownership English law?

In the context of company beneficial ownership (and for legal entities similar to companies), a beneficial owner is typically defined as any person having a set level of ownership or of influence or control over the decision and actions of the company/legal entity.

What does change of beneficial ownership mean?

Changes in beneficial ownership of property without changing legal ownership. A transfer of an equitable estate or interest in land or a transaction that results in a change in the beneficial ownership of land attracts duty at the same rates as a transfer of full legal title to land.

For pdfFiller’s FAQs

What is Statement of Changes in Beneficial Ownership?

The Statement of Changes in Beneficial Ownership is a document that must be filed with the regulatory authorities to disclose any changes in the ownership of securities by insiders of a company. This includes information about purchases, sales, and other transactions involving equity securities.

Who is required to file Statement of Changes in Beneficial Ownership?

Individuals classified as 'insiders' of a company, which includes officers, directors, and beneficial owners of more than 10% of a registered class of equity securities, are required to file the Statement of Changes in Beneficial Ownership.

How to fill out Statement of Changes in Beneficial Ownership?

To fill out the Statement of Changes in Beneficial Ownership, insiders must provide details such as their name and position, the details of the securities transactions, including the date, amount, and nature of the transaction, and any applicable exemptions. They must ensure accuracy and timely filing with the appropriate regulatory agency.

What is the purpose of Statement of Changes in Beneficial Ownership?

The purpose of the Statement of Changes in Beneficial Ownership is to enhance transparency in the trading activities of insiders. It allows investors to monitor the buying and selling behaviors of company executives and major stakeholders, thereby fostering trust in the market.

What information must be reported on Statement of Changes in Beneficial Ownership?

The information that must be reported includes the insider's name and title, the date of the transaction, the security involved, the number of shares bought or sold, the price at which the transaction occurred, and the aggregate number of securities owned after the transaction.