Section 16 Toolkit | Practical Law
This Toolkit contains links to resources to assist US reporting companies, their directors, executive officers, and 10% stockholders, and their counsel, in complying with the requirements of Section 16 of the Exchange Act and avoiding liability under Section 16(b). The resources discuss the requirements of Form 3, Form 4, and Form 5, including the time requirement for filing each form and what information must be included. The resources also discuss the provisions of Section 16(b), which impose liability on the directors, executive officers, and 10% stockholders in connection with certain purchases and sales and sales and purchases of equity securities of the reporting companies.