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Re: justlovethegame post# 59987

Friday, 10/11/2013 10:20:13 AM

Friday, October 11, 2013 10:20:13 AM

Post# of 80868
Here is the wording on the 5% rule. See the last paragraph.

Form 5 filings are an annual summation of the Form 4 changes to give an annual summation of the ownership by officers, directors, and 10% owners.

For clarity, the Form 13D is a required filing by any entity that becomes a 5% holder. This filing must be made at the time (within 10 days) the holder crosses the 5% threshold. Form 13G is the same form, but used when the person or entity is making the purchase for "investment" only.) Additional purchases by this holder do not have to be reported on Forms 3, 4, or 5, until the holder crosses the 10% threshold.

Insiders who purchase or sell stock on the open market, just as any other investor, have to file these transactions on a Form 4 filing, but do not have list sales with a Form 144.