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When Is a Person or Firm Required to Submit a Schedule

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When is a person or firm required to submit a Schedule 13D to the SEC? What is the purpose of such a filing?


Definitions:

Shares Outstanding

Refers to the total number of shares issued by a corporation that are currently owned by investors, including restricted shares owned by company insiders.

Market Price

Market price is the current price at which an asset or service can be bought or sold in a marketplace.

Merged Firm

A company that exists after two or more companies have combined into one through a merger or acquisition.

Acquisition

The process where one company purchases most or all of another company's shares to gain control over it.

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