New Alert: Beneficial Ownership Taken in EGGS
Alert Message
An announcement of a significant share of ownership in this company was filed with the SEC (Forms SC 13-D, SCD 13-D, SCD 13D/A, SC 13-D/A, SC 13-G, SC 13-G/A).
Alert Description
If some person or institution all of a sudden snaps up 5% or more of the stock of a company, that obviously can have an impact on the price of that stock, and therefore on all shareholders. That's one of the reasons why the Security Act of 1934 required owners of 5% or more of any class of a publicly held company's stock to file a Form 13-D report revealing that ownership within 10 days. The law is also meant to head off any plots to take over a company.
This report includes important additional information, as well, including the purchaser's background and plans regarding the company.
In addition to filing this form with the Securities & Exchange Commission, the "beneficial owner" -- described as any person who shares voting power or the power to sell the security -- must file a Form 13-D with the stock exchange on which the shares are listed and with the company itself.
There are several variations on these ownership reports:
-- Form 13-D/A is an amendment to Form 13-D, required to be filed promptly in case of any material changes in the facts set forth in the original filing.
-- Form 13-G is an abbreviated version of Form 13-D that only certain persons or institutions can use -- banks, broker/dealers, and insurance companies, for example.
-- Form 13-G/A is an amendment for Form 13-G.
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