Friday, April 24, 2015 9:59:48 AM
"More importantly, over time a CEO may buy or sell the company's stock. These changes in ownership must be disclosed on what's called a Form 4. These documents must be filed within two business days of the transactions.
Lastly, officers and directors must report any transactions that were exempt from being on a Form 4 on a Form 5. These documents are much less common, but still important to get a full picture of what the CEO is doing."
So, at the very least, he should have filed a form 5. It is his job to know this… That is all.
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