How to Fix Form 4 Errors

If you’re the one handling Section 16 filings, you know what a stressful job that can be. Making an error is serious business, even if you’re not the one that caused the problem. After all, the issue reflects poorly on one of the top officers in the company – or a member of the board. And they’re not going to be happy.

Here are 5 things you should know about fixing Form 4 errors:

1. Can we adjust the filing date so it’s not considered “delinquent”?
2. Can we withdraw a Form 4?
3. Do we have to file an amendment to a Form 4 or can we just correct a minor error in the next Form 4 filed?
4. How do we tell the market what the error is?
5. If we file an amendment to the Form 4, can we selectively fix the original Form 4 – or do we have to redo the entire thing?

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