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This SEC Form 4 details beneficial ownership changes, reporting transactions in securities by directors and officers of the Communications Systems Inc for the year 2015.
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What is form 4?
Form 4 is a document required by the U.S. Securities and Exchange Commission (SEC) that must be filed by insiders of publicly traded companies to report their trades in the company's securities.
Who is required to file form 4?
Individuals categorized as insiders, including directors, officers, and beneficial owners of more than 10% of a company’s stock, are required to file Form 4.
How to fill out form 4?
To fill out Form 4, insiders must provide details such as the name of the reporting person, the relationship to the company, the date of the transaction, the number of shares involved, the price per share, and the nature of the transaction.
What is the purpose of form 4?
The purpose of Form 4 is to provide transparency and inform the public about the buying and selling of stock by company insiders, which can be an indicator of their confidence in the company's future.
What information must be reported on form 4?
Form 4 requires reporting of information such as the insider's name and relationship to the company, the date of the transaction, the amount of securities involved, the price, and the nature of the transaction (e.g., purchase, sale, or exchange).
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