What Is SEC Form 10-K405?

SEC Form 10-K405 was 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 Form 4 on time. Form 4, or a similar Form 3 or Form 5, is used to disclose insider trading activity. Failure to file these forms means that the officers of the company did not disclose their insider trading activities within the required time frame.

Key Takeaways

  • SEC Form 10-K405 was 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 Form 4 on time, used to disclose any insider trading activity.
  • Form 10-K405 was eliminated after it was determined that the use of the form by companies was inconsistent and unreliable.

Understanding SEC Form 10-K405

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 SEC's Electronic Data Gathering, Analysis and Retrieval (EDGAR) filing system.