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February 20172 Bank Street, Batavia, NY 14020 5853431611 Website: www.co.genesee.ny.us Email: ofa@co.genesee.ny.usFrom the Desk of Ruth Spin, Director National Association of Area Agencies on Aging
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What is 16 section?
16 section refers to section 16 of the Securities Exchange Act of 1934, which requires the reporting of insider trades.
Who is required to file 16 section?
Corporate insiders, such as directors, officers, and certain shareholders, are required to file 16 section disclosures.
How to fill out 16 section?
To fill out 16 section, insiders must report their transactions in company stock, including buys, sells, and derivative transactions.
What is the purpose of 16 section?
The purpose of 16 section is to provide transparency and prevent insider trading by disclosing transactions by corporate insiders.
What information must be reported on 16 section?
Insiders must report the date of the transaction, the number of shares traded, the price per share, and whether the transaction was a buy or sell.
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