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Message: Time and Sales at Close

No, he would not have to file because he is no longer an officer. Only officers of the company and members of the board of directors have to file benefical interest statements, either initial, upon appointment, or change of status once employed or appointed.

For instance, a company official, be it a member of the board of directors or a CFO, CEO, etc., must file a form anytime there is a change in the status or the number of the shares or options they own.

When you are just a regular employee, you don't have to file.


Jay

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