Allows WKSIs greater latitude in going to market

• SEC summary

Several issuers have filed
automatic shelf registration statements

• Beginning 12.01.05, the effective date of
  Securities Offering Reform
• See below for precedent filings

EDGAR filing tip

• Must be filed on Form S-3ASR
• JP Morgan Chase mistakenly filed as Form S-3

• Had to withdraw and refile
• Form RW 12.01.05

Automatic shelf registration statement - defined

• Rule 405 definition
• Form S-3 General Instruction I.D
• Form F-3 General Instruction I.C
• Well-Known Seasoned Issuer (WKSI)

Final Release 33-8591 2005

Automatic Shelf Registration for WKSIs (§ V.B.2)

• Overview

• Rule changes
• Comments on automatic shelf registration

• Automatic shelf registration mechanics

• Eligibility
• Information in a registration statement
  ◊ Information that may be omitted from base prospectus
  ◊ Mechanics for including information
  ◊ Registration of securities to be offered
  ◊ Pay-as-you-go registration fees
  ◊ Registration under Securities Act §§ 5 and 6
  ◊ Immediate effectiveness
  ◊ Duration

Proposal Release 33-8501 2004

Automatic Shelf Registration for WKSIs (§ V.B.2)

General FAQs 11.30.05

• Automatic shelf registration statements

Transition issues  9.13.05

• Automatic shelf registration statements
• Other shelf issues

Universal automatic shelf registration

Form S-3ASR 5.05.06

• Table of contents

Underwriting agreement

• Common stock
• Debt securities
• Preferred stock
• Warrants - Units
• Trust securities

Other exhibits

Universal automatic shelf registration

Form S-3 12.05.05

• Table of contents

Debt documents

• Senior debt indenture
• Sub debt indenture

Underwriting agreement

• Common stock
• Debt securities

Legal opinions

Form T-1

Universal automatic shelf registration

Form S-3 12.01.05

Prospectus

• Base prospectus

Prospectus supplements 12.02.05

Debt documents

• Form of floating rate note
• Form of fixed rate note
• Senior debt indenture
• Sub debt indenture

Guarantees

Underwriting agreement

• Underwriting agreement
• Distribution agreement
• Form
• Senior - sub terms

Legal opinions

Form T-1

Form S-3 12.01.05

Prospectus

• Base prospectus

Prospectus supplements

Distribution agreements

• Master agency agreement
• Calculation agent agreement
• Transfer agent agreement

Legal opinions

Form F-3 12.01.05

• Table of contents

Legal opinions

Form T-1

St Jude Medical 12.05.05

SEC_CODE_REF_0090001192884

Aetna 12.05.05

Pilgrims Pride 12.05.05

Kansas City Southern 12.02.05

Transatlantic Holdings 12.02.05

Warren Resources 12.02.05

M.D.C. Holdings 12.01.05

Universal 12.01.05

MGI Pharma 12.01.05

eBay 12.01.05

Everest Re 12.01.05

Openwave Systems  12.01.05

Golden West 12.01.05

XL Capital 12.01.05

Temple-Inland 12.01.05

Denbury Resources 12.06.05

• $150 mm senior subordinated notes
• JP Morgan, manager

• Form S-3

• Indenture
• Jenkens Gilchrist opinion
• Tax opinion
• Form T-1

Flextronics International 12.09.05

• $19.8 mm common stock secondary offering
• Form S-3

• Registration rights agreement
• Opinion

Vertex Pharmaceuticals 12.07.05

• $128 mm common stock secondary offering
• Form S-3

• Resale registration rights agreement
• Mintz Levin opinion

General Electric

• Common stock
• Debt securities

Goldman Sachs

• Underwriting agreement
• Distribution agreement

Golden West

Openwave

Securities Offering Reform

Well-Known Seasoned Issuers

Underwriting Agreements