Cook Illinois Corporation is a transportation company that provides bus services to various communities and organizations in Illinois. In terms of security ownership, the corporation has certain regulations in place for its directors, nominees, and officers. Sole Ownership: Directors, nominees, and officers of Cook Illinois Corporation may hold sole ownership of securities. This means that they personally possess and have ownership rights over these securities without any other individuals or entities having a share in them. Sole ownership grants the holder full control and decision-making authority over the securities. Shared Ownership: In addition to sole ownership, directors, nominees, and officers may also have shared ownership of securities. Shared ownership refers to multiple individuals or entities collectively owning a specific security. In this case, the directors, nominees, and officers of Cook Illinois Corporation can have joint possession and interest in certain securities. Shared ownership can arise from various arrangements, such as partnerships, joint ventures, or stock options. Types of Cook Illinois Security Ownership: 1. Common Stock: Directors, nominees, and officers of Cook Illinois Corporation can own common stock, which represents their ownership stake in the company. Common stockholders have voting rights and may receive dividends based on the company's performance. 2. Preferred Stock: Cook Illinois Corporation may also have preferred stock ownership for its directors, nominees, and officers. Preferred stockholders typically have a higher claim on company assets and receive priority in terms of dividends. However, they may have limited voting rights compared to common stockholders. 3. Restricted Stock Units (RSS): Another type of security ownership that directors, nominees, and officers might have in Cook Illinois Corporation could be RSS. RSS are typically granted as part of employee compensation plans and represent a promise to deliver company stock at a future date. The ownership of RSS is subject to certain vesting and forfeiture conditions. 4. Stock Options: Directors, nominees, and officers can also have stock options as a form of ownership in Cook Illinois Corporation. Stock options allow the holder to purchase company stock at a predetermined price within a specified period. They provide the potential for financial gain if the stock's market price rises above the option exercise price. Overall, Cook Illinois Corporation's directors, nominees, and officers have the opportunity to hold securities with both sole and shared ownership. These securities can include common and preferred stock, restricted stock units, and stock options. The ownership structure ensures that these individuals have a vested interest in the company's success and aligns their incentives with the corporation's goals.
Cook Illinois Security ownership of directors, nominees and officers showing sole and shared ownership
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What Is SEC Form 4: Statement of Changes in Beneficial Ownership? SEC Form 4: Statement of Changes in Beneficial Ownership is a document that must be filed with the Securities and Exchange Commission (SEC) whenever there is a material change in the holdings of company insiders.
Form 3 must also be filed within ten days after a person's holdings exceed 10% of any class of the company's registered equity securities. Form 4 is used for the required reporting of changes in company stock ownership.
A Form 4 must be filed before the end of the second business day following a change in ownership of securities or derivative securities (including the exercise or grant of stock options) for individuals subject to Section 16 of the Securities Exchange Act of 1934.
Form 3 is the initial filing and discloses ownership amounts. Form 4 identifies changes in ownership.
SEC Form DEF 14A, also known as a "definitive proxy statement," is a required filing when a shareholder vote is required. The Form DEF 14A outlines the list of items up for vote by shareholders, such as the hiring of new directors or other business decisions.
Forms 3, 4, and 5 are filed to disclose insider beneficial ownership when shareholders have more than 10% of voting power. 2 Forms are filed at different stages of stock acquisition. Individuals file Form 3 when they first acquire shares.
What's a Form 4? In most cases, when an insider executes a transaction, he or she must file a Form 4. With this form filing, the public is made aware of the insider's various transactions in company securities, including the amount purchased or sold and the price per share.
Form 3 is a document that a company insider or major shareholder must file with the SEC. The information provided on the form is meant to disclose the holdings of directors, officers, and beneficial owners of registered companies and becomes public record.
The SEC lists the following who are required to file Form 3: Any director or officer of an issuer with a class of equity securities. A beneficial owner of greater than 10% of a class of equity securities. An officer, director, member of an advisory board, investment adviser, or affiliated person of an investment.
Form 4 Filings are triggered when someone considered an insider purchases or sells company stock. Once a Form 4 is filed, it is made publicly available to ensure transparency of insider transactions in company securities, including number of shares bought or sold and the price paid for them.