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Replies to post #87784 on Lightwave Logic Inc (LWLG)
A Schedule 13D must be filed within 10 days of the triggering event requiring the filing. The filing discloses ownership on the date of such filing. Accordingly, if a person acquires 5% of the company’s securities, the filing requirement is triggered. If that person then makes additional acquisitions or dispositions during that 10-day period, the filing would report the ownership as of the date of filing. Schedule 13D requires disclosure of all transactions in the company’s stock that were effected during the past sixty days or since the most recent filing of Schedule 13D, whichever is less, and accordingly would include a description of the acquisitions and dispositions during the 10-day period between the event that triggered the filing requirement and the filing itself.
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