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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: KLP who wrote (95541)	1/17/2005 11:40:31 AM
From: Bridge Player	Read Replies (1) \| Respond to of 793762

From the www: "The recently enacted Sarbanes-Oxley Act (the “S-O Act”) amended and restated Section 16(a) of the Securities Exchange Act of 1934 (the “Exchange Act”) to require executive officers, directors and greater than ten percent stockholders (“insiders”) to file Section 16 transaction reports “before the end of the second business day following the day on which the subject transaction has been executed.” The S-O Act authorized the Securities and Exchange Commission (“SEC”) to exempt transactions from the two business day reporting requirement if it determines that reporting within that time is not “feasible.” In addition, the SEC's general exemptive and rulemaking authority under Section 16(a) was not affected by the S-O Act. About the Author If you have any comments or questions about this item or the securities law practice of Gibson, Dunn & Crutcher LLP, please send us an email at SecuritiesLaw@gibsondunn.com. ARTICLES ARCHIVE The amendment to Section 16(a) became effective on August 29, 2002. On August 27, 2002, the SEC adopted final rules to address the amendments to Section 16(a). The final rules appear at sec.gov. Under these rules, the new reporting requirements apply to transactions occurring on or after August 29, 2002. " There is no requirement for advance reporting afaik.