Automated Compliance with Section 16a: ShareData Releases Equity Edge for Insider Reporting.SANTA CLARA Santa Clara, city, Cuba Santa Clara (sän`tä klä`rä), city (1994 est. pop. 217,000), capital of Villa Clara prov., central Cuba. , Calif.--(BUSINESS WIRE)--Sept. 10, 1997--ShareData Inc., the internationally recognized leader in employee stock plan software and services, recently released Equity Edge for Insider Reporting. The newest product to ShareData's Equity Edge suite of software, Insider Reporting is designed to automate To turn a set of manual steps into an operation that goes by itself. See automation. compliance with the Section 16(a) of the Securities Exchange Act of 1934. Section 16(a) governs beneficial ownership reporting of officers, directors, and those who may be classified as holders of over 10% of an issuer's publicly traded securities. This regulation, enforced by the SEC, affects corporate insiders of all public corporations. The SEC specifically requires periodic filings to disclose holdings, transactions, and other changes in ownership of an issuer's securities. Equity Edge for Insider Reporting is a powerful program designed to ensure compliance by automating tasks associated with setting up initial holdings, processing transactions of all classes of an issuer's securities, and automatically generating Forms 3, 4, and 5 for filing directly with the SEC via EDGAR Edgar or Eadgar (both: ĕd`gər), 943?–975, king of the English (959–75), son of Edmund, king of Wessex. In 957 the Mercians and Northumbrians rebelled against Edgar's brother Edwy and chose Edgar as their king. . "Section 16 reporting and filing compliance can be very complicated," said Mark Borges Bor·ges , Jorge Luis 1899-1986. Argentinian writer particularly known for his short stories, which have a metaphysical, fantastic quality. Bor·ges , ShareData's Director of Educational Services and a securities attorney. "ShareData's elegant software solution streamlines compliance with Section 16. Both companies and their corporate insiders will benefit by avoiding the embarrassment that result from a failure to disclose changes in their securities holdings and the potential monetary damages Monetary damages, in civil law, refers to compensation given to an injured party by a liable party. Monetary damages may be restitution, a penalty, or both. that may be imposed." Equity Edge for Insider Reporting conserves time and ensures accuracy by automatically calculating changes in capitalization capitalization n. 1) the act of counting anticipated earnings and expenses as capital assets (property, equipment, fixtures) for accounting purposes. 2) the amount of anticipated net earnings which hypothetically can be used for conversion into capital assets. , identifying and tracking delinquent delinquent 1) adj. not paid in full amount or on time. 2) n. short for an underage violator of the law as in juvenile delinquent. DELINQUENT, civil law. He who has been guilty of some crime, offence or failure of duty. transactions, and providing summary lists of filed forms and transactions. A broad array of easy-to-read financial reports and direct access to e-mail, promotes communication with corporate insiders. When used in conjunction with other Equity Edge software, Equity Edge for Insider Reporting eliminates redundant data entry through the transfer of transactions and sharing of account information with Equity Edge for Options and Equity Edge for Stock Purchase. Founded in May 1983 by Cheryl Breetwor and Patrick Ontko, ShareData Inc. is a privately-held company. With more than 6,000 installations in over 2,500 companies nationwide, ShareData is the leading supplier of equity compensation software for pre-IPO pre-IPO An offering of a company's shares prior to the firm's initial public offering. Investing in a pre-IPO tends to be very risky, in part because the planned IPO may never take place. and public companies. ShareData's Equity Edge flagship product A primary product of a company, which is typically why the company was founded and/or what made it well known. For example, MS-DOS, Windows and the Microsoft Office suite have been flagship products of Microsoft. CorelDRAW is a flagship product of Corel Corporation. line allows companies to easily and cost-effectively automate the administration of stock option plans. ShareData can be found on the World Wide Web at http://www.sharedata.com . -0- Note to Editors: All products and companies mentioned above are trademarks or registered trademarks of their respective companies. CONTACT: ShareData Inc. Kristine Cornwall, 408/490-2500 kcornwall@sharedata.com or The Loomis Group Inc. Wendy Lewis, 415/882-9494 wendy@loomisgroup.com |
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