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09 16 07 Indd FORM SC 13GA Amended Statement of Ownership Filed 031099 Tn

09 16 07 Indd FORM SC 13GA Amended Statement of Ownership Filed 031099 Tn

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I’m attorney Laura Anthony founding partner of Legal & Compliance, a full service corporate securities and business transactions law firm. Today is the continuation in a LawCast series discussing Sections 16 and 13 of the Securities Exchange Act, related to insider reporting requirements and the short-swing trading profit prohibitions. In prior LawCasts in this series, I’ve discussed Section 16, including the short- swing profit trading prohibitions and short sale prohibitions. Today, I’m beginning my discussion of Section 13. Section 13 requires that any person that has acquired, either directly or indirectly, more than 5% of the beneficial ownership of a reporting company’s equity securities to file either a Schedule 13D or 13G with the SEC within 10 days of the acquisition. The disclosure statement includes among other things, the identity of the beneficial owners, the amount of beneficial ownership, and plans or proposals regarding the company. The term beneficial owner is

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