Form 4 -It must be filed within 2 days of the transaction and contains the details of all non-exempt transactions which exceed $10,000 during that month.
Form 4: Statement of Changes in Beneficial Ownership
A Form 4 must be filed any time an insider effects an open market purchase, sale, or an exercise of options. It must be filed within 2 days of the transaction and contains the details of all non-exempt transactions which exceed $10,000 during that month.
Information included on this filing is the name of the insider, title, type of transaction, date of the transaction, amount of stock acquired or disposed, price, holdings after the transaction, and the nature of ownership.
On the Form 4 an insider indicates when he has retired or exited from the company by checking the "exit" box on the filing. Once an insider retires/exits, he is required to report his transactions for only the next six (6) months.
Form 4 statements comprise the majority of transaction activity on the insider pages including, but not limited to, records referring to the acquisition, disposition, sale and/or exercise of securities.
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