Insider Report for an Employee Share Ownership Plan (ESOP) or a Dividend Reinvestment Plan (DRIP)
| Timing of Filings |
Acquisitions under either an ESOP or a DRIP can be reported within 90 calendar days of the end of the calendar year.
If shares were disposed of or transferred under the ESOP or DRIP during the year, both the acquisition and the disposition/transfer of those securities must be reported within 10 calendar days of the disposition or transfer.
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| Filing Process For Acquisitions of Shares |
Recording transactions:
- Report the total number of securities of the same type acquired under all automatic share purchase plans for the calendar year as a single transaction
- Use Nature Code 30
- Use December 31st of the relevant year as the date of the transaction
- Provide an average unit price (if available)
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| Instructions for Filing an Insider Report |
Instructions to file an insider report for an acquisition or disposition for an ESOP or DRIP are similar to filing a common share transaction.
See Insider Report for Common Shares
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| Exemption |
Part 5 of NI 55-101 provides an exemption to the 10 calendar day filing requirement for acquisitions under an Employee Share Ownership Plans and Dividend Reinvestment Plans.
See page 3 of the PDF version of NI 55-101 dated April 29, 2005. |
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