• Conform all references to the Form 4 filing deadline to the amended statutory filing deadline;
   
• Require transactions between officers or directors and the issuer previously reportable on an annual basis on Form 5 to be reported within two business days on Form 4; and
   
• Modify the Form 4 reporting deadline for certain transactions, if the insider does not select the date of execution. For these transactions, the reports must be filed within two business days after the insider receives notice of the transaction, but the notification date may be no later than the third business day after the transaction is executed. These transactions are:
   
  • Transactions pursuant to Rule 10b5-1(c) arrangements; and
     
  • Specified plan transactions defined as "Discretionary Transactions," such as fund-switching transactions, pursuant to employee benefit plans.

The rule and form amendments apply to transactions executed on or after Aug. 29, 2002. Comments on the amendments and related issues should be received no later than Sept. 30, 2002.