Santa Clara California Security ownership of directors, nominees and officers showing sole and shared ownership
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How to fill out Security Ownership Of Directors, Nominees And Officers Showing Sole And Shared Ownership?
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FAQ
The beneficial owner of a security generally includes any person who, directly or indirectly, through any contract, arrangement, understanding, relationship or otherwise has or shares one or both of the following: Voting power, which refers to the power to vote or direct someone else to vote the security.
Understanding Beneficial Owners. For example, when shares of a mutual fund are held by a custodian bank or when securities are held by a broker in street name, the true owner is the beneficial owner, even though, for safety and convenience, the bank or broker holds the title.
Form 3 is the initial filing and discloses ownership amounts. Form 4 identifies changes in ownership.
A registered owner or record holder holds shares directly with the company. A beneficial owner holds shares indirectly, through a bank or broker-dealer.
Beneficial owners are always natural persons who ultimately own or control a legal entity or arrangement, such as a company, a trust, a foundation, etc. A simple example (depicted in Figure 1 below) demonstrates how the use of a legal entity or arrangement can obscure the identity of a beneficial owner.
A principal shareholder is a person or entity that owns 10% or more of a company's voting shares. As a result, they can influence a company's direction by voting on who becomes CEO or sits on the board of directors. Not all principal shareholders are active in a company's management process.
beneficial owner often holds a share for someone else. Some common examples of nonbeneficial owners include parents who hold shares for their children, the executor of a will who owns shares on behalf of an estate, or a trustee who holds shares for the beneficiaries of a trust.
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.
Section 16 Officer means a president, vice president, secretary, treasurer or principal financial officer, comptroller or principal accounting officer, and any person routinely performing corresponding functions with respect to the Company.
SEC Form 4 is used by officers, directors, and other corporate insiders to notify the U.S. Securities and Exchange Commission (SEC) of their personal transactions in their company's securities. Form 4 has to be filed within two business days after a transaction.