Francisco Industries, Inc. (FRAZ)

[deet49]

we'll see if 13G or FORM4 comes

Ownership of 5%
A schedule 13G may also be used in situations where the security holder owns over 5%, a Form 10 has recently been registered and no other securities in that class have been acquired. In this situation, the securities holder is not required to declare the shares were acquired without the intent to effect change. If any additional acquisitions have been made since the filing of Form 10, then a Schedule 13D is required.

If any pertinent information changes, the investor has 45 days after the closing of the calendar year to amend the information. The only expectation is if someone comes in possession of the securities due to being named a beneficiary, and with that action, is in possession of over a 10% stake or there is an increase of over 5%.

Beneficiaries
In the event a person acquires beneficial ownership of a 5 to 20% stake of a particular stock, he must file either Form 13D or 13G within 10 days of the acquisition. If multiple parties obtain ownership over the same securities, they can file jointly, providing all parties involved are eligible to file on the specified schedule. All parties must be properly identified and file in a timely fashion. Though joint filing is an option, individual filing is also permitted.

https://www.investopedia.com/terms/s/schedule13g.asp

'Form 4'
A Form 4 is a document that must be filed with the Securities and Exchange Commission (SEC) whenever there is a material change in the holdings of company insiders. Insiders required to submit a Form 4 include directors and officers of the company as well as any shareholders owning 10% or more of the company's outstanding stock.

BREAKING DOWN 'Form 4'
This two-page document covers any buy-and-sell orders on the open market as well as the exercise of company stock options. A Form 4 is mandatory within two business days starting from the end of the day the material transaction occurred. This filing is related to Form 3 and the Form 5, which also cover changes to the company insider holdings.

https://www.investopedia.com/terms/f/form4.asp