SEC Form 10-K405


DEFINITION of 'SEC Form 10-K405'

A form used by the Securities and Exchange Commission (SEC) prior to 2003. SEC Form 10-K405 was used to indicate that an officer or director of a company failed to file a Form 4 (or similar Form 3 or Form 5) on time, meaning that they did not disclose their insider trading activities within the required time frame.


Guidelines for reporting insider trading activity is covered under Section 16 of the Securities Exchange Act. Form 10-K405 was eliminated after it was determined that the use of the form by companies was inconsistent and unreliable. The form is no longer accepted by the EDGAR system.

  1. Securities And Exchange Commission ...

    A government commission created by Congress to regulate the securities ...
  2. Insider

    A director or senior officer of a company, as well as any person ...
  3. Securities Act Of 1933

    A federal piece of legislation enacted as a result of the market ...
  4. Electronic Data Gathering, Analysis ...

    The electronic filing system created by the Securities and Exchange ...
  5. Securities Exchange Act Of 1934

    The Securities Exchange Act of 1934 was created to provide governance ...
  6. Insider Trading

    The buying or selling of a security by someone who has access ...
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