[Code of Federal Regulations]
[Title 17, Volume 2]
[Revised as of April 1, 2001]
From the U.S. Government Printing Office via GPO Access
[CITE: 17CFR239.144]

[Page 660-661]
 
              TITLE 17--COMMODITY AND SECURITIES EXCHANGES
 
             CHAPTER II--SECURITIES AND EXCHANGE COMMISSION
 
PART 239--FORMS PRESCRIBED UNDER THE SECURITIES ACT OF 1933--Table of Contents
 
                Subpart B--Forms Pertaining to Exemptions
 
Sec. 239.144  Form 144, for notice of proposed sale of securities pursuant to Sec. 230.144 of this chapter.

    (a) Except as indicated in paragraph (b) of this section, this form 
shall be filed in triplicate with the Commission at its principal office 
in Washington, DC, by each person who intends to sell securities in 
reliance upon Sec. 230.144 of this chapter and shall be transmitted for 
filing concurrently with either the placing with a broker of an order to 
execute a sale of securities or the execution directly with a market 
maker of a sale of securities.
    (b) This form need not be filed if the amount of securities to be 
sold during any period of 3 months does not exceed 500 shares or other 
units and the aggregate sale price thereof does not exceed $10,000.
    (c) Under sections 2(11), 4(1), 4(2), 4(4) and 19(a) of the 
Securities Act of 1933 (17 CFR 230) and Rule 144 thereunder, the 
Commission is authorized to solicit the information required to be 
supplied by this form by persons desiring to sell unregistered 
securities. Disclosure of the information specified in this form is 
mandatory before processing notices of proposed sale of securities under 
Sec. 230.144 of this chapter. The information will be used for the 
primary purpose of disclosing the proposed sale of unregistered 
securities by persons deemed not to be engaged in the distribution of 
securities. This notice will be made a matter of public record. 
Therefore, any information given will be available for inspection by any 
member of the public. Because of the public nature of the information, 
the Commission can utilize it for a variety of purposes, including 
referral to other

[[Page 661]]

governmental authorities or securities self-regulatory organizations for 
investigatory purposes or in connection with litigation involving the 
Federal securities laws or other civil, criminal or regulatory statutes 
or provisions. Social security account numbers, if furnished, will 
assist the Commission in identifying persons desiring to sell 
unregistered securities and, therefore, in promptly processing notices 
of proposed sale of securities. Failure to disclose the information 
requested by Form 144 would make an exception under Sec. 230.144 of this 
chapter unavailable and may result in civil or criminal action for 
violations of the Federal securities laws.

[37 FR 4329, Mar. 2, 1972, as amended at 40 FR 55319, Nov. 28, 1975; 43 
FR 5423, Nov. 21, 1978; 62 FR 35340, July 1, 1997]

    Editorial Note: For Federal Register citations affecting Form 144, 
see the List of CFR Sections Affected, which appears in the Finding Aids 
section of the printed volume and on GPO Access.