Form 144 - Notice of Proposed Sale of Securities Pursuant to Rule 144 under the Securities Act of 1933

ICR 202104-3235-021

OMB: 3235-0101

Federal Form Document

ICR Details
3235-0101 202104-3235-021
Received in OIRA 202006-3235-007
SEC CF-270-112
Form 144 - Notice of Proposed Sale of Securities Pursuant to Rule 144 under the Securities Act of 1933
Revision of a currently approved collection   No
Regular 04/30/2021
  Requested Previously Approved
36 Months From Approved 07/31/2023
33,412 33,725
33,412 33,725
0 0

Form 144 is used to report the sale of securities during any three-month period that exceeds 5,000 shares or other units, or has an aggregate sales price that does not exceed $50,000.

US Code: 15 USC 77d, 77f, 77g, 77h, 77j, Name of Law: Securities Act of 1933
   US Code: 15 USC 77s(a), 77z-3 Name of Law: Securities Act of 1933
   US Code: 15 USC 78c, 78p, 78w(a) Name of Law: Securities Exchange Act of 1934
  
None

3235-AM78 Proposed rulemaking 86 FR 5063 01/19/2021

No

1
IC Title Form No. Form Name
Form 144 - Notice of Proposed Sale of Securities Pursuant to Rule 144 under the Securities Act of 1933 SEC 1147 Form 144

  Total Request Previously Approved Change Due to New Statute Change Due to Agency Discretion Change Due to Adjustment in Estimate Change Due to Potential Violation of the PRA
Annual Number of Responses 33,412 33,725 0 -313 0 0
Annual Time Burden (Hours) 33,412 33,725 0 -313 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
Yes
Changing Regulations
The proposed amendments would amend Rule 144(d)(3)(ii) to revise the holding period determination for securities acquired upon the conversion or exchange of certain market-adjustable securities of an issuer that does not have a class of securities listed, or approved to be listed, on a national securities exchange registered pursuant to Section 6 of the Exchange Act. As a result, the holding period for the underlying securities would not begin until conversion or exchange. The proposed amendments would also mandate the electronic filing of all Form 144 notices related to the resale of securities of issuers that are subject to the reporting requirements of Section 13 or 15(d) of the Exchange Act, and eliminate the filing requirement for Form 144 notices related to the resale of securities of issuers that are not subject to Exchange Act reporting. Additionally, the proposed amendments would eliminate two unnecessary data fields, and the Commission intends to create an online fillable document for entering the information required by Form 144. The amendments would also change the filing deadline for Form 144 to coincide with the filing deadline for Form 4. Finally, the proposed amendments would amend Forms 4 and 5 to add a check box to permit filers to indicate that a sale or purchase reported on the form was made pursuant to a transaction that satisfied Rule 10b5-1(c). For Form 144, the Commission estimates that proposed amendments would result in a decrease of 313 internal burden hours and no change in outside professional costs.

$103,479,690
No
    Yes
    No
No
No
No
No
John Fieldsend 202 551-3343

  No

On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
 
 
 
 
 
 
 
    (i) Why the information is being collected;
    (ii) Use of information;
    (iii) Burden estimate;
    (iv) Nature of response (voluntary, required for a benefit, or mandatory);
    (v) Nature and extent of confidentiality; and
    (vi) Need to display currently valid OMB control number;
 
 
 
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.
04/30/2021


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