Katelynn's Report

Katelynn's Report

(US Market)


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What is it: Form Schedule 13D must be filed when a person or group acquires beneficial ownership of more than 5% of a voting class of a company’s equity securities. If the reporting party ownership is less than 20%, and the acquisition has no intension of exerting control of the target company, a shorter form Schedule 13G can be filed instead.

Filing Time: Within 10 days after the acquisition takes effect.

Related Form(s):
Schedule 13G

Tips: About 3000~4000 SC 13D are filed each year by 2000~3000 different filers (2008~2014 statistics). Usually, the number of SC 13D amendment (SC 13D/A) is more than twice the number of SC 13D. SC 13D/A is filed when there is material change in beneficial ownership of security in an amount >=1% of the shares outstanding. Common investors should note that SC 13D (or 13G) filing (by investment company) potentially means the securities being acquired are currently undervalued. However, this does not necessarily mean the stock price will go up immediately, and further significant downturn might be ahead.