Beneficial Owner

Definition:

Any person or entity who, directly or indirectly, has voting, investment, or sale power over a security, although legal ownership of the security may be registered in the name of a nominee. Beneficial Owners are sometimes said to be holding shares in “street name,” Beneficial Ownership generally applies to securities that a person has the right to acquire, if the right is exercisable within the next 60 days.

See also Schedule 13D and Section 16.

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