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Rev: February 2014 Section 16. Maintenance Contents 16.1 Lockout and Ragout Program .................................................................................. 162 16.1.1 Lock Distribution
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What is section 16 maintenance?
Section 16 maintenance refers to the maintenance of a filing with the Securities and Exchange Commission (SEC) by individuals or entities who are considered insiders of a company.
Who is required to file section 16 maintenance?
Individuals or entities who are considered insiders of a company, such as officers, directors, and beneficial owners of more than 10% of a company's stock, are required to file section 16 maintenance.
How to fill out section 16 maintenance?
To fill out section 16 maintenance, individuals or entities must provide information on their transactions involving the company's stock, including the date of the transaction, the number of shares involved, and the price per share.
What is the purpose of section 16 maintenance?
The purpose of section 16 maintenance is to provide transparency and accountability in the trading activities of insiders of a company, in order to prevent insider trading and protect investors.
What information must be reported on section 16 maintenance?
Information such as the date of the transaction, the number of shares involved, the price per share, and any changes in ownership of the company's stock must be reported on section 16 maintenance.
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