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Vintage16 Reduces Cost and Complexity of SEC Section 16 Compliance for Individuals, Companies and Law FirmsNEW YORK, April 14, 2015 /PRNewswire/ -- Vintage, the capital markets, corporate services and institutional & fund services division of PR Newswire, today announced they have upgraded Vintage16 for the DIY electronic filing and management of the Securities and Exchange Commission (SEC) Section 16 ownership reports: Forms 3, 4 and 5. Section 16 ownership reporting requires shareholders identified as an insider, or any owners of more than 10%, to electronically file Form 3 with the SEC no later than 10 days after the individual becomes affiliated with the company. If there is a material change in the holdings of the company's insiders - directors, officers and principal stockholders - they are required to file Form 4 with the SEC. Form 5 must be filed by an insider who has conducted a transaction during the year if it was not previously reported on Form 4. Built with intuitive and easy-to-use menus, Vintage16 is a Verisign-authenticated secure site with SSL encryption that allows clients to:
Custom, private label flexibility offers law firms brand customization and in-house cient service Effectively managing the administration of Section 16 reporting across the entire corporate client-base - which can encompass hundreds of reporting individuals – can be complicated. Vintage16 enables securities law firms to bring the reporting process in-house, offering their corporate clients turn-key, customized service. Liam Power, President of Vintage, explained the increased interest law firms have shown towards bringing Section 16 reporting in-house: "Securities law firms are continually looking to mitigate regulatory risk for their clientele. Ensuring the proper filing of insider transactions is a simple and smart administrative value-add for these firms. Certainly, Section 16 reports are not complicated EDGAR filings, but they have to be filed correctly - especially since Forms 4s must be filed the second business day following the transaction's date." "Vintage16's easy-to-navigate workflow allows any reporting individual to DIY self-file. However, assigning the law firm as the responsible party can be a real stress reliever for many issuers," concluded Power. Vintage16 offers a la carte and volume prices, further demonstrating Vintage's position as the industry's intelligent value. Please visit Vintage16 today for more information: http://www.vintage16.com/ About Vintage Vintage, a PR Newswire division, is a top-three provider of full-service regulatory compliance and shareholder communications services, delivered across our three practice areas: Capital Markets, Corporate Services and Institutional & Fund Services. Founded in 2002 and acquired by PR Newswire in 2007, Vintage has evolved to become the industry's intelligent value choice. We deliver a flexible balance of people, facilities and technology to ensure that regulatory compliance and shareholder communications processes are efficient, transparent and painless. Services include IPO registrations, transactions, virtual data rooms, EDGAR & XBRL filing, typesetting, financial printing and investor relations websites. www.thevintagegroup.com About PR Newswire PR Newswire (www.prnewswire.com) is the premier global provider of multimedia platforms that enable marketers, corporate communicators, sustainability officers, public affairs and investor relations officers to leverage content to engage with all their key audiences. Having pioneered the commercial news distribution industry over 60 years ago, PR Newswire today provides end-to-end solutions to produce, optimize and target content — from rich media to online video to multimedia — and then distribute content and measure results across traditional, digital, mobile and social channels. Combining the world's largest multi-channel, multi-cultural content distribution and optimization network with comprehensive workflow tools and platforms, PR Newswire enables the world's enterprises to engage opportunity everywhere it exists. PR Newswire serves tens of thousands of clients from offices in the Americas, Europe, Middle East, Africa and the Asia-Pacific region, and is a UBM plc company. www.prnewswire.com Media Contact: Bradley H. Smith Logo - http://photos.prnewswire.com/prnh/20150408/197399LOGO To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/vintage16-reduces-cost-and-complexity-of-sec-section-16-compliance-for-individuals-companies-and-law-firms-300063431.html SOURCE PR Newswire Association LLC |