Beneficial ownership


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Beneficial ownership

Often used in risk arbitrage. Person who enjoys the benefits of ownership even though title is in another name. (Abused through the illegal use of a parking violation.)

Beneficial Ownership

The state of having effective ownership of a security without actually holding title to it. This especially refers to holding voter proxy or investment power over a share or transaction, whether directly or indirectly. See also: Double-dip lease.
References in periodicals archive ?
being a statement of changes in the beneficial ownership of its
ISLAMABAD, September 14, 2009 (Balochistan Times): The Securities and Exchange Commission of Pakistan has directed all listed companies, their directors and more than ten percent shareholders to file their outstanding Annual Return on Form-A and Returns of Beneficial Ownership respectively by October 31, 2009.
If the taxpayer is an SEC registrant, the SEC filing rules generally will require any person who acquires more than 5% of the beneficial ownership of stock to file an SEC Schedule 13D, Statement of Beneficial Ownership, or 13G, Short Form Statement of Beneficial Ownership, as appropriate.
Novich had beneficial ownership of 941,155 Ryerson Tull shares.
The changes in respect of beneficial ownership will permit a tax-free transfer of eligible assets between corporations where the ownership of the two may be held by different entities in the same group.
The Federal Deposit Insurance Corporation (FDIC), the Federal Reserve Board (FRB), and the Office of the Comptroller of the Currency (OCC) announced on July 28, 2003, a new interagency electronic filing system that will allow faster and easier submission and public retrieval of beneficial ownership reports filed by directors, officers, and principal shareholders of institutions (insiders) whose equity securities are registered with the FDIC, the FRB, and the OCC.
The deadlines for filing the reports--which include SEC Forms 3, Initial Statement of Beneficial Ownership of Securities; 4, Statement of Changes in Beneficial Ownership of Securities; and 5, Annual Statement of Beneficial Ownership of Securities--vary according to criteria specified in SEC rules related to the Securities and Exchange Act of 1934 (www.
Under the terms of the agreement, each share of beneficial ownership in ATEBT outstanding on the effective date of the merger, November 14, 2000, was converted into 1.
01 per share ("Shares"), representing beneficial ownership of approximately 6.
29 March [Amend]Statement of acquisition of beneficial ownership by
40 BTA 1266 (1939), the court stated that "direct ownership required by the statute is not merely possession of the naked legal title, but beneficial ownership, which carries with it dominion over the property.
The individuals, without admitting to any allegations, consented to the issuance of the Order to resolve allegations that they violated the Change in Bank Control Act and an order issued under the Change in Bank Control Act by the Board of Governors in connection with their acquisition of beneficial ownership of shares of the bank.