The Rule 13D Disclosure Form is a document required by the Securities and Exchange Commission (SEC) for individuals or entities that acquire five percent or more of a publicly traded company's outstanding shares. This form provides essential information about how the shares were acquired and outlines the purchaser's intentions regarding the management and control of the company.
This form is primarily used in securities law, which governs the buying and selling of stocks and other financial instruments. It is crucial for maintaining transparency in the market and informing other shareholders about significant ownership changes. Users can manage the filing process themselves with the right tools, such as the legal templates provided by US Legal Forms, which are drafted by experienced attorneys.
Here are a couple of examples of abatement:
For instance, if an investor buys 6 percent of a company's stock on the open market, they must file a Rule 13D Disclosure Form within ten days to inform the SEC and other shareholders of their acquisition. This disclosure might include plans to influence company management or operations. (hypothetical example)
The primary regulation governing the Rule 13D Disclosure Form is the Securities Exchange Act of 1934, specifically Section 13(d). This section outlines the requirements for reporting beneficial ownership of securities.
If you acquire five percent or more of a company's shares, you should prepare to file the Rule 13D Disclosure Form promptly. Consider using US Legal Forms' templates to simplify the process. If your situation is complex or you're unsure about the requirements, it may be wise to consult a legal professional for guidance.
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| Attribute | Details |
|---|---|
| Filing Deadline | Within ten days of acquisition |
| Minimum Ownership | Five percent of outstanding shares |
| Regulating Body | Securities and Exchange Commission (SEC) |
Anyone who acquires five percent or more of a publicly traded company's shares must file this form.