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What Date to Use
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For market transactions:
- transaction date is the trade date, not settlement date.
For non-market transactions:
- transaction date is the date ownership passes when an offer to sell is accepted by the purchaser or an offer to buy is accepted by the seller.
Reportable transaction date for stock options:
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a grant of stock options must be reported within five calendar days of the date the insider legally acquires ownership of a specific number of options (until October 31, 2010, the report must be filed within 10 calendar days).
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If an issuer has filed an "issuer grant report" within five calendar days of the grant (or within 10 calendar days, in the case of a grant prior to October 31, 2010) that discloses the existence and material terms of the grant, it is not necessary to file an insider report within the normal time periods for filing insider reports and the insider can instead file an annual report by March 31 of the following year. For more information, please see Part 6 of NI 55-104.
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