Well like most things in life, its not that cut and dry.
13 D can be stepped around for a little while, 13 g can be filed with very little public information up to 20 % of ownership.
And if a larger amount of ownership has been acquired a lot of this information can be held up for the calendar year.
So.....in other words, "not so much".
The security holder is eligible to file a Schedule 13G pursuant to Rule 13d-1(d) since the security holder has not "acquired" any securities of a class registered under Section 12 of the Exchange Act. See Section 13(d), which requires an "acquisition" for the application of the reporting provisions. The security holder must file the Schedule 13G within 45 days after the end of calendar year in which the class of securities was registered. Note that the security holder is not required to certify that the shares were acquired or are held in the ordinary course or without the purpose or the effect of changing or influencing the control of the issuer of the securities.
If the security holder acquires additional equity securities after the effective date of the Form 10, the security holder must report its entire holdings on Schedule 13D or evaluate whether it is eligible to rely on Rules 13d-1(b) or 13d-1(c) to continue to report on Schedule 13G if the most recent acquisition, when added to all other acquisitions of securities of the same class during the 12 months immediately preceding the date of the most recent acquisition, aggregates to more than two percent of the class of such securities. See Section 13(d)(6)(B) of the Exchange Act. This 12 month period will run back from the date of the acquisition to the time when the issuer was privately held if the acquisition occurs within 12 months after the effective date of the Form 10. If the security holder has acquired two percent or less during this period, the security holder simply may continue to rely on Rule 13d-1(d) and reflect the present acquisition in its Schedule 13G pursuant to Rule 13d-2(b). [Sep. 14, 2009]
