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TEX

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Alias Born 04/15/2005

TEX

Re: Stock post# 1629

Thursday, 08/05/2010 2:12:26 PM

Thursday, August 05, 2010 2:12:26 PM

Post# of 1794
I'd like to know more about this, too...

BENEFICIAL OWNERSHIP AND SHORT-SWING PROFIT REPORTING (Sections 766 and 929R)

The Act deletes the requirement in the Exchange Act that beneficial ownership reports under Section 13 be sent to the issuer and the applicable exchange and that short-swing trading reports under Section 16 be sent to the applicable exchange. In addition, for purposes of Sections 13 and 16, the Act expands the concept of acquisition of beneficial ownership of an equity security to include the purchase or sale of a security-based swap, to the extent determined by the SEC.

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