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This document is a filing made to report the initial beneficial ownership of securities by an officer of General DataComm Industries, Inc.
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What is Form 3?
Form 3 is a document that must be filed with the Securities and Exchange Commission (SEC) to report the ownership of securities by insiders of a company, including officers, directors, and certain shareholders.
Who is required to file Form 3?
Individuals who are considered insiders of a company, which typically includes executive officers, directors, and shareholders who own more than 10% of a class of equity securities, are required to file Form 3.
How to fill out Form 3?
To fill out Form 3, insiders must provide information such as their name, address, the relationship to the issuer, and details of the securities they own, including the number of shares and the date of acquisition.
What is the purpose of Form 3?
The purpose of Form 3 is to ensure transparency in the ownership of securities by company insiders, allowing investors to be informed about potential conflicts of interest and insider trading.
What information must be reported on Form 3?
Form 3 must report the insider's name, address, the relationship to the company, the number of shares owned, the date of acquisition, and any changes in ownership after the initial filing.
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