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RACING PENALTIES APPEAL TRIBUNAL OF WESTERN AUSTRALIA (SECTION 16)NOTICE OF APPEAL PO Box 8349 PERTH BUSINESS Center WA 6849 Telephone: (08) 6551 4820 Facsimiles: (08) 9325 1041Gordon Stephenson House Level
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Section 16 refers to a provision under the Securities Exchange Act of 1934 that requires insiders of publicly traded companies to report their trades of the company's stock.
Section 16 must be filed by directors, officers, and beneficial owners of more than 10% of a company's equity securities.
To fill out section 16, insiders must complete the appropriate form (Form 3, Form 4, or Form 5) detailing their ownership and transactions related to the company's securities, submitted electronically through EDGAR.
The purpose of section 16 is to provide transparency and prevent insider trading by ensuring that the public is informed about the stock trading activities of company insiders.
Section 16 requires the reporting of information such as the insider's name, title, relationship to the company, number of shares purchased or sold, price, and dates of the transaction.
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