• 

  Mike

  • November 08, 2019 14:49
  • Edited

  Hello, Jennifer,
  
  Great question! When needing to file an amendment in Section 16, there are a few steps and checks to consider prior to and immediately following the filing of these amended forms. First you need to amend the form, of course. We do have a post on how to do just that, found here. Once there, you have two scenarios to consider:
  
  1. Is this an amendment to the most recently filed form?

  • If this is the case, then the updated holding totals should calculate correctly on the form, depending on the changes or corrections needed. It is still advised to check holding amounts once form is filed.

  2. Is this an amendment to a form filed further back?

  • In this situation, move through the form as normal and make the necessary corrections.
  • After the amended form is filed, it is necessary to check and potentially update your holding amounts. Once activated, the holding will technically be referencing the holding at that time so the amounts shown will be for the older form.
  • After you have filed the form, go back into your Holdings grid for the Reporting Owner and double check. It is possible that you will need to make a manual update to have the correct amounts after amendment.

  Note that the holding calculations in Wdesk are dependent on last edit to that holding, so activating a previously filed form for amendment purposes WILL affect your current holding amounts.
  
  If you have any questions on the above, let me know and I'll happily explain further. Thanks again and a great day!

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