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This document is a filing with the SEC that reports changes in beneficial ownership of securities, specifically detailing the transactions made by Lewis C. Pell involving Vision Sciences Inc. It includes information about the reporting owner, issuer, and the specific details of the securities transactions, including dates and amounts acquired or disposed of.
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Form 4 is a document required by the Securities and Exchange Commission (SEC) for company insiders to report their transactions in their company's securities.
Company insiders such as officers, directors, and beneficial owners of more than 10% of a registered class of the company's equity securities are required to file Form 4.
To fill out Form 4, insiders must provide details of their transactions, including the dates of transactions, the security titles, the amounts, and the price at which securities were bought or sold.
The purpose of Form 4 is to provide transparency and to ensure that the public is informed of insider trading activities to prevent fraud and maintain market integrity.
Information that must be reported on Form 4 includes the insider's name, relationship to the issuer, the date of the transaction, the amount of securities bought or sold, the price, and any ownership changes.
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