mz....For someone who has all the answers, you surprise me by not knowing what happened in the case of PN's shares obtained in 2006.
It is obvious if one thinks logically instead of thinking about it emotionally and from the viewpoint of supposedly superior intellect. That supposedly superior intellect combined with a need to evidence it can make one look weak and needful of affirmation for self esteem purposes.
It does not make any difference what the rules or regs are on the many different SEC forms required to be filed for many different actions by officers and directors or shareholders, the point is they ARE TO BE FILED as required and for the PURPOSE required.