From: Whitehead, Nora
Sent: Monday, January 6, 2020 4:11:31 PM (UTC-05:00) Eastern Time (US & Canada)
Subject: RE: Executive HSR Filing Question
Sent: Friday, January 3, 2020 4:59:14 PM (UTC-05:00) Eastern Time (US & Canada)
Subject: Executive HSR Filing Question
In November 2018, Individual A filed an HSR Notification related to acquisitions of voting securities of Company B at the $50 million threshold (as adjusted). Currently, Individual A’s holdings of voting securities in Company B remain above the $50 million but below the $100 million threshold (as adjusted).
Later this year, A anticipates acquiring additional shares in Company B that are expected to bring the total value of his voting securities in B above the $100 million threshold (as adjusted). A plans to file a new HSR Notification related to these additional acquisitions at the $100M threshold.
During the pendency of the initial waiting period for this new filing, Individual A may acquire a small amount of voting securities of Company B through a dividend reinvestment plan. His total shareholding in B after this acquisition will still be valued, in the aggregate, below the $100 million threshold (as adjusted).
I wanted to confirm that A can rely on the 5-year grace period for acquisitions up to the $100M threshold (as adjusted) resulting from his Nov. 2018 filing during the pendency of the new filing at the higher $100M threshold.