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Section 16 of the Exchange Act imposes certain filing obligations on company “insiders” (such as officers and directors) relating to their acquisition and disposition of company securities, as well as certain prohibitions against short sales of company securities, and requires disgorgement of short-swing profits. Use this template to draft a memorandum to the directors and officers of a public company advising them of their obligations under Section 16 with respect to their ownership of and transactions in the company's securities.
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