Connecticut Administrative Code › Title 38a - Insurance Department › 124 - Insider Trading of Domestic Stock Insurance Company Equity Securities › Section 38a-124-24 - Exemption from section 38a-119 of transactions which need not be reported under section 38a-118

Current through July 10, 2024
Any transaction which has been or shall be exempted by the
				commissioner from the requirements of section
				38a-118
				of the 1965 supplement to the general statutes shall, insofar as it is
				otherwise subject to the provisions of section
				38a-119
				of said supplement, be likewise exempted from said section
				38a-119.
SCHEDULE A
CONNECTICUT INSURANCE DEPARTMENT
Hartford, Connecticut
CONNECTICUT
FORM 3
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF
				SECURITIES
Filed Pursuant to Section
				38a-118
				of the Connecticut General Statutes
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SCHEDULE A
CONNECTICUT INSURANCE DEPARTMENT
Hartford, Connecticut
CONNECTICUT
FORM 3
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF
				SECURITIES
Filed Pursuant to Section
				38a-118
				of the Connecticut General Statutes
INSTRUCTIONS
1.
PERSONS REQUIRED TO FILE
			 STATEMENTS.
A statement on this form is required to be filed by every
				person who on December 31, 1965, (i) is directly or indirectly the beneficial
				owner of more than 10 per cent of any class of any equity security of a
				Connecticut domiciled stock insurance company, or (ii) is an officer, as
				defined by the Connecticut Insurance Commissioner, or a director of the company
				which is the issuer of such securities; and every person who thereafter becomes
				such a beneficial owner, director or officer. However, such reporting
				requirements shall not apply with respect to any equity securities of a
				domestic stock insurance company if (i) any class of its equity securities
				shall be registered, or shall be required to be registered, pursuant to Section
				12 of the Securities Exchange Act of 1934, as amended, or (ii) such domestic
				stock insurance company shall not have any class of its equity securities held
				of record by one hundred or more persons on the last business day of the year
				next preceding the year in which equity securities of the company would be
				subject to the provisions of Sections
				38a-118,
				38a-119
				and
				38a-120
				except for the provisions of subdivision (ii) of Section
				38a-123.
2.
WHEN STATEMENTS ARE TO
			 BE FILED.
Persons who hold any of the relationships specified in
				Instruction 1 on December 31, 1965, are required to file a statement within 10
				days after December 31, 1965. Persons who subsequently assume any of the
				specified relationships are required to file a statement within 10 days after
				assuming such relationship.
Statements are not deemed to have been filed with the
				Commissioner until they have actually been received by the Commissioner.
3.
WHERE STATEMENTS ARE TO
			 BE FILED.
One signed copy of each statement shall be filed with the
				Connecticut Insurance Commissioner, State Office Building, Hartford,
				Connecticut.
4.
SEPARATE STATEMENT FOR EACH COMPANY.
A separate statement shall be filed with respect to the
				securities of each company.
5.
RELATIONSHIP OF REPORTING PERSON TO
			 COMPANY.
Indicate clearly the relationship of the reporting person to
				the company, for example, "Director," "Director and Vice President,"
				"Beneficial owner of more than 10 per cent of the company's common stock,"
				etc.
6.
DATE AS OF
			 WHICH BENEFICIAL OWNERSHIP IS TO BE GIVEN.
The information as to beneficial ownership of securities shall
				be given as of the date on which the event occurred which requires the filing
				of a statement on this form; for example, when the person whose ownership is
				reported became a director or officer of the company.
7.
CLASSES OF SECURITIES TO BE
			 REPORTED.
Persons specified in Instruction 1 above shall include
				information as to their beneficial ownership of all classes of equity
				securities of the domestic stock insurance company.
8.
TITLE OF SECURITY.
The statement of the title of a security shall be such as
				clearly to identify the security even though there may be only one class, for
				example, "Class A Common Stock," "$6 Convertible Preferred Stock," "5%
				Debentures Due 1965," etc.
9.
NATURE OF OWNERSHIP.
Under "Nature of ownership," state whether ownership of the
				securities is "direct" or "indirect." If the ownership is indirect, i.e.,
				through a partnership, corporation, trust or other entity, indicate, in a
				footnote or other appropriate manner, the name or identity of the medium
				through which the securities are indirectly owned. The fact that securities are
				held in the name of a broker or other nominee does not, of itself, constitute
				indirect ownership. Securities owned indirectly shall be reported on separate
				lines from those owned directly and also from those owned through a different
				type of indirect ownership.
10.
STATEMENT OF AMOUNT OWNED.
In stating the amount of securities beneficially owned, give
				the face amount of debt securities or the number of shares or other units of
				other securities. In the case of securities owned indirectly, the entire amount
				of securities owned by the partnership, corporation, trust or other entity,
				shall be stated. The person whose ownership is reported may, if he so desires,
				also indicate, in a footnote or other appropriate manner, the extent of his
				interest in the partnership, corporation, trust or other entity.
11.
INCLUSION OF ADDITIONAL
			 INFORMATION.
A statement may include any additional information or
				explanation deemed relevant by the person filing the statement.
12.
SIGNATURE.
If the statement is filed for a corporation, partnership,
				trust, etc., the name of the organization shall appear over the signature of
				the officer or other person authorized to sign the statement. If the statement
				is filed for an individual, it shall be signed by him or specifically on his
				behalf by a person authorized to sign for him.
SCHEDULE B
CONNECTICUT INSURANCE DEPARTMENT
Hartford, Connecticut
CONNECTICUT
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF
				SECURITIES
Filed Pursuant to Section
				38a-118
				of the Connecticut General Statutes
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SCHEDULE B
CONNECTICUT INSURANCE DEPARTMENT
Hartford, Connecticut
CONNECTICUT
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF
				SECURITIES
Filed Pursuant to Section
				38a-118
				of the Connecticut General Statutes
INSTRUCTIONS
1.
PERSONS REQUIRED TO FILE
			 STATEMENTS.
Statements on this form are required to be filed by every
				person who at any time during any calendar month was (i) directly or indirectly
				the beneficial owner of more than 10 per cent of any class of equity securities
				of a Connecticut domiciled stock insurance company, or (ii) an officer, as
				defined by the Connecticut Insurance Commissioner, or a director of the company
				which is the issuer of such securities, and who during such month had any
				change in his beneficial ownership of any class of equity securities of such
				company. However, such reporting requirements shall not apply with respect to
				any equity securities of a domestic stock insurance company if (i) any class of
				its equity securities shall be registered, or shall be required to be
				registered, pursuant to Section 12 of the Securities Exchange Act of 1934, as
				amended, or (ii) such domestic stock insurance company shall not have any class
				of its equity securities held of record by one hundred or more persons on the
				last business day of the year next preceding the year in which equity
				securities of the company would be subject to the provisions of Section
				38a-118,
				38a-119
				and
				38a-120,
				except for the provisions of subdivision (ii) of Section
				38a-123.
2.
WHEN STATEMENTS ARE TO
			 BE FILED.
Statements are required to be filed on or before the 10th day
				after the end of each month in which any change in beneficial ownership has
				occurred. Statements are not deemed to have been filed with the Commissioner
				until they have actually been received by the Commissioner.
3.
WHERE STATEMENTS ARE TO BE
			 FILED.
One signed copy of each statement shall be filed with the
				Connecticut Insurance Commissioner, State Office Building, Hartford,
				Connecticut.
4.
SEPARATE STATEMENT FOR EACH COMPANY.
A separate statement shall be filed with respect to the
				securities of each company.
5.
RELATIONSHIP OF REPORTING PERSON TO
			 COMPANY.
Indicate clearly the relationship of the reporting person to
				the company; for example, "Director," "Director and Vice President,"
				"Beneficial owner of more than 10 per cent of the company's common stock,"
				etc.
6.
TRANSACTIONS
			 AND HOLDINGS TO BE REPORTED.
Persons required to file statements on this form shall include
				in their statements all changes during the month in their beneficial ownership,
				and their beneficial ownership at the end of the month, of all classes of
				equity securities of the company.
Every transaction shall be reported even though purchases and
				sales during the month are equal or the change involves only the nature of
				ownership, for example, from direct to indirect ownership. Beneficial ownership
				at the end of the month of all classes of securities required to be reported
				shall be shown even though there has been no change during the month in the
				ownership of securities of one or more classes.
7.
TITLE OF SECURITY.
The statement of the title of the security shall be such as
				clearly to identify the security even though there may be only one class, for
				example, "Class A Common Stock," "$6 Convertible Preferred Stock," "5%
				Debentures Due 1965," etc.
8.
DATE OF TRANSACTION.
The exact date (month, day and year) of each transaction shall
				be stated opposite the amount involved in the transaction.
9.
STATEMENT OF AMOUNTS OF
			 SECURITIES.
In stating the amount of securities acquired, disposed of, or
				beneficially owned, give the face amount of debt securities or the number of
				shares or other units of other securities. In the case of securities owned
				indirectly, i.e., through a partnership, corporation, trust or other entity,
				the entire amount of securities involved in the transaction or owned by the
				partnership, corporation, trust or other entity shall be stated. The person
				whose ownership is reported may, if he so desires, also indicate, in a footnote
				or other appropriate manner, the extent of his interest in the transactions or
				holdings of the partnership, corporation, trust or other entity.
10.
NATURE OF
			 OWNERSHIP.
Under "Nature of ownership," state whether ownership of the
				securities is "direct" or "indirect." If the ownership is indirect, i.e.,
				through a partnership, corporation, trust or other entity, indicate, in a
				footnote or other appropriate manner, the name or identity of the medium
				through which the securities are indirectly owned. The fact that securities are
				held in the name of a broker or other nominee does not, of itself, constitute
				indirect ownership. Securities owned indirectly shall be reported on separate
				lines from those owned directly and from those owned through a different type
				of indirect ownership.
11.
CHARACTER OF TRANSACTION.
If the transaction was with the issuer of the securities, so
				state. If it involved the purchase of securities through the exercise of
				options, so state and give the exercise price per share. If any other purchase
				or sale was effected otherwise than in the open market, that fact shall be
				indicated. If the transaction was not a purchase or sale, indicate its
				character; for example, gift, 5% stock dividend, etc., as the case may be. The
				foregoing information may be appropriately set forth in the table or under
				"Remarks" at the end of the table.
12.
INCLUSION OF ADDITIONAL
			 INFORMATION.
Statements may contain any additional information or
				explanation deemed relevant by the person filing the statement.
13.
SIGNATURE.
If the statement is filed for a corporation, partnership,
				trust, etc., the name of the organization shall appear over the signature of
				the officer or other person authorized to sign the statement. If the statement
				is filed for an individual, it shall be signed by him or specifically on his
				behalf by a person authorized to sign for him.