Insider Report for Stock Appreciation Rights (SAR)
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How to File an Insider Report for SARs |
Step 1 - Grant of SARs Report the number of SARs awarded, the exercise price, and the equivalent amount of underlying common shares. Use nature of transaction code 56 - Grant of rights.
Step 2 - Vesting and distribution of cash: SARs typically only entitle employees to cash payments based on the value or growth in value of the issuer’s common shares over a specified period. When the SARs vest and are settled by a cash payment, report a disposition using code 59 – Exercise for cash for the relevant number of SARs |
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Related Documents |
Filing these transactions is similar to derivative filings such as options.
Preliminary Information for Stock Option Filing
Insider Report for Stock Options
See the Glossary for an explanation of these terms:
Deferred Share Units (DSU) and Restricted Share Awards (RSA)
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