Rule 13d-2
  Filing of Amendments to Schedules 13D or 13G
a. If
any material change occurs in the facts set forth in the Schedule
13D required by Rule13d-1(a), including,
but not limited to, any material increase or decrease in the percentage
of the class beneficially owned, the person or persons who were required
to file the statement shall promptly file or cause to be filed with the
Commission an amendment disclosing that change. An acquisition or disposition
of beneficial ownership of securities in an amount equal to one percent
or more of the class of securities shall be deemed "material"
for purposes of this section; acquisitions or dispositions of less than
those amounts may be material, depending upon the facts and circumstances.
b. Notwithstanding
paragraph (a) of this section, and provided
that the person filing a Schedule 13G pursuant
to Rule 13d-1(b) or Rule
13d-1(c) continues to meet the requirements set forth therein, any
person who has filed a Schedule 13G pursuant to Rule
13d-1(b), Rule 13d-1(c) or Rule
13d-1(d) shall amend the statement within forty-five days after the
end of each calendar year if, as of the end of the calendar year, there
are any changes in the information reported in the previous filing on
that Schedule: Provided, however, That an amendment need not be
filed with respect to a change in the percent of class outstanding previously
reported if the change results solely from a change in the aggregate number
of securities outstanding. Once an amendment has been filed reflecting
beneficial ownership of five percent or less of the class of securities,
no additional filings are required unless the person thereafter becomes
the beneficial owner of more than five percent of the class and is required
to file pursuant to Rule 13d-1.
c. Any
person relying on Rule 13d-1(b) that has filed
its initial Schedule 13G pursuant to that
paragraph shall, in addition to filing any amendments pursuant to
Rule
13d-2(b), file an amendment on Schedule 13G within 10 days after the
end of the first month in which the person's direct or indirect beneficial
ownership, computed as of the last day of the month, exceeds 10 percent
of the class of equity securities. Thereafter, that person shall, in addition
to filing any amendments pursuant to Rule 13d-2(b),
file an amendment on Schedule 13G within 10 days after the end of the
first month in which the person's direct or indirect beneficial ownership,
computed as of the last day of the month, increases or decreases by more
than five percent of the class of equity securities. Once an amendment
has been filed reflecting beneficial ownership of five percent or less
of the class of securities, no additional filings are required by this
paragraph (c).
d. Any
person relying on Rule 13d-1(c) and has filed
its initial Schedule 13G pursuant to that
paragraph shall, in addition to filing any amendments pursuant to
Rule
13d-2(b), file an amendment on Schedule 13G promptly upon acquiring,
directly or indirectly, greater than 10 percent of a class of equity securities
specified in Rule 13d-1(d), and thereafter promptly
upon increasing or decreasing its beneficial ownership by more than five
percent of the class of equity securities. Once an amendment has been
filed reflecting beneficial ownership of five percent or less of the class
of securities, no additional filings are required by this paragraph (d).
e.
The first electronic
amendment to a paper format Schedule 13D
or Schedule 13G shall restate the entire
text of the Schedule 13D or 13G, but previously filed paper exhibits to
such Schedules are not required to be restated electronically. See
Rule 102 of Regulation S-T regarding
amendments to exhibits previously filed in paper format. Notwithstanding
the foregoing, if the sole purpose of filing the first electronic Schedule
13D or 13G amendment is to report a change in beneficial ownership that
would terminate the filer's obligation to report, the amendment need not
include a restatement of the entire text of the Schedule being amended.
Note to Rule 13d-2: For persons filing a short form
statement pursuant to Rule 13d-1(b) or (c),
see also Rules 13d-1(e), (f),
and (g).
Regulatory History |
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SEC Release 33-5925: 43 FR 18495, April 28, 1978
SEC
Release 33-6268: 45 FR 81558, Dec. 11, 1980
SEC
Release 34-19188:
47 FR 49964, Nov. 4, 1982
SEC Release 33-6977: 58 FR
14683, March 18, 1993
SEC
Release 33-7122: 59 FR 67764, Dec. 30, 1994
SEC Release 33-7427: 62 FR 36450, 36459, July 8, 1997
SEC Release 34-39538:
63 FR 2854, 2866, Jan. 16, 1998 |
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