When any US stock is acquired this is what the response to me from the SEC was...

Dear Mr.

Thank you for contacting the SEC.

When a person or group of persons acquires beneficial ownership of more than 5% of a class of a company?s equity securities registered under Section 12 of the Securities Exchange Act of 1934, they must file a Schedule 13D (or in some cases, Schedule 13G) with the SEC. More information about this requirement is available on the SEC website at http://www.sec.gov/answers/sched13.htm.

In addition, a company's officers and directors, and any beneficial owners of more than ten percent of a class of the company's equity securities registered under Section 12 of the Securities Exchange Act of 1934, must file a statement of ownership regarding those securities with the SEC. Information about this requirement can be found on our website at http://www.sec.gov/answers/form345.htm.Institutional investment managers who exercise investment discretion over $100 million or more in Section 13(f) securities must report their holdings on Form 13F with the SEC. (See

http://www.sec.gov/answers/form13f.htm.)

I hope this information will prove helpful to you.

Sincerely,

BONNIE C DAILEY

Senior Counsel

Office of Investor Education and Advocacy

U.S. Securities and Exchange Commission

100 F St, NE

Washington, DC 20549-0213