[Federal Register Volume 60, Number 198 (Friday, October 13, 1995)]
[Notices]
[Page 53474]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-25389]



      

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Notices  
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[[Page 53474]]


SECURITIES AND EXCHANGE COMMISSION

[Release Nos. 33-7231; 34-36337; IC-21395]


Electronic Filing of Forms 3, 4, 5, and 144

October 5, 1995.
    The Commission today announced that it intends in the near future 
to allow voluntary electronic filing on the Electronic Data Gathering, 
Analysis, and Retrieval (``EDGAR'') system of securities ownership and 
transaction reports filed pursuant to Section 16(a) of the Securities 
Exchange Act of 1934 (Forms 3, 4, and 5), as well as notifications of 
proposed sale of securities under Rule 144 under the Securities Act of 
1933 (Form 144). Because many of these forms are filed by individuals 
and contain information presented in a highly structured format, the 
Commission excluded them from the mandated electronic filing 
requirements. At the time the rules were promulgated, however, the 
Commission indicated that it would revisit the electronic status of 
these documents at a later time. See Release No. 33-6977 (April 26, 
1993) [58 FR 14628] (adopting the EDGAR rules).
    Following two years of successful electronic filing, and with the 
phase-in to mandated electronic filing nearly completed (over 70 
percent of all domestic companies filing with the Commission are now 
electronic filers), the Commission has determined that filers of Forms 
3, 4, 5 and 144 should have the option to file them electronically via 
EDGAR. This will facilitate the speedy dissemination of information 
considered valuable by many members of the investing public. The 
necessary programming already has been initiated. It is anticipated 
that all required programming and rulemaking will be completed by late 
1995 or early 1996, and another public announcement will be made when 
the implementation date is determined. While electronic filing of these 
forms will not be mandatory, it will be encouraged. Filers who desire 
to file electronically should submit their Forms ID early in order to 
obtain the access codes they will need to make their filings on EDGAR. 
Forms ID are available in the EDGAR Filer Manual; they also may be 
obtained from the Commission's publications unit by calling (202) 942-
4046 and asking for Form ID (SEC 2084).

FOR FURTHER INFORMATION, CONTACT: David T. Copenhafer, Office of 
Information Technology at (202) 942-8800.
Jonathan G. Katz,
Secretary.
[FR Doc. 95-25389 Filed 10-12-95; 8:45 am]
BILLING CODE 8010-01-P