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Monday, April 08, 2013 8:32:58 PM
These guys sum it up pretty well:
Schedule 13D is an SEC filing that must be submitted to the US Securities and Exchange Commission within 10 days, by anyone who acquires beneficial ownership of more than 5% of any class of publicly traded securities in a public company. A filer must promptly update its Schedule 13D filing to reflect any material change in the facts disclosed, including, among other things, the acquisition or disposition of 1% or more of the class of securities that are the subject of the filing.
I.O.W That person made a big block purchase.
You can go back and look at the available number of shares and calculate the minimum number of shares that they must have purchased to be required to file.
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