Welcome to SEDI Online Help for Agents
Screen Displays – How to File a Grant and Exercise of Rights into Common Shares
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Description |
The following example describes how to file insider reports in which the insider is granted 1 right for every common share held. The insider holds 1000 common shares. Every 4 rights allows the insider to purchase 1 common share upon exercise. Therefore the equivalent number of underlying securities that may be acquired is 250 common shares. The securities are held directly and initial opening balances are previously filed.
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Preparation |
Begin filing the insider reports as described in How to File an Insider Report for Stock Options and How to File an Insider Report for Common Shares. Note that this is not an exhaustive procedure for filing these types of insider reports. Individual circumstances may vary. Only selected screens in the filing process, that are also the same for both insiders and agents, are displayed below. The insider reports are being filed in one SEDI session. |
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Grant of Rights |
Selected screens for the acquisition of rights follow. Note that the underlying securities that may be acquired in this example are NOT on a 1:1 basis. |
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Select Security Designation |
Select Rights (Common Shares) in the Outstanding securities list and click Next.
SCREEN: File insider report – Select security designation
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Select Ownership Type |
Select Direct Ownership as the Ownership type and click Next.
SCREEN: File insider report – Select ownership type
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Enter Transaction Details |
Fill out the fields as shown and click Next.
SCREEN: File insider report - Enter transaction information
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Final Review – File and Certify |
Confirm the transaction details are correct. Click Certify. SCREEN: File insider report – Final review
The Certification dialog box opens on screen. Click OK to certify and save your insider report on SEDI.
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Exercise of Rights |
Selected screens for the exercise, or disposition, of rights follow. The same transaction code (code 57) is used for the disposition of rights and acquisition of common shares. |
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File Another Transaction |
You have completed the first report in this multi-step transaction. You will now be filing another transaction for the same issuer from the File insider report – Completed screen. Select Same Security and Holder and click Yes.
SCREEN: File insider report – Completed
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Enter Transaction Details |
Since the insider report is for the same security and holder, you are taken directly to the File insider report – Enter transaction information screen. Fill out the fields as shown and click Next.
SCREEN: File insider report - Enter transaction information
A warning dialog box will open on screen to remind you that a second insider report is required for the corresponding acquisition of common shares. Click OK.
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Final Review – File and Certify |
Confirm the transaction details are correct. Click Certify. SCREEN: File insider report – Final review
The Certification dialog box opens on screen. Click OK to certify and save your insider report on SEDI.
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Acquisition of Common Shares |
Selected screens for the acquisition of common shares through the exercise of rights follow. The same transaction code (code 57) is used for the disposition of rights and acquisition of common shares. |
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File Another Transaction |
You have completed the second report in this multi-step transaction. You will now be filing another transaction for the same issuer from the File insider report – Completed screen. Select Different Security and click Yes.
SCREEN: File insider report – Completed
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Select Security Designation |
Select Common Shares in the Outstanding securities list and click Next.
SCREEN: File insider report – Select security designation
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Select Ownership Type |
Select Direct Ownership as the Ownership type and click Next. SCREEN: File insider report – Select ownership type
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Enter Transaction Details |
Fill out the fields as shown and click Next.
SCREEN: File insider report - Enter transaction information
A warning dialog box will open on screen to remind you that a second insider report is required for the corresponding acquisition of common shares. This is the report you are currently filing. Click OK.
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Final Review – File and Certify |
Confirm the transaction details are correct. Click Certify. SCREEN: File insider report – Final review
The Certification dialog box opens on screen. Click OK to certify and save your insider report on SEDI.
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Reported Transactions for this Session |
You have completed the third and last report in this multi-step transaction. Select No to leave this session and return to the insider or agent home page. SCREEN: File insider report – Completed
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Related Documents |
See Preliminary Information for Stock Option Transactions, Insider Report for Stock Options, Insider Report for Warrants and Insider Report for Common Shares |
