Periodic Reporting of Unregistered Equity Sales

The Commission is adopting revisions to forms under the Securities Exchange Act of 1934 and Regulations S-K and S-B to require registrants to report recent sales of equity securities that have not been registered under the Securities Act of 1933. The revisions are designed, in part, to address abusive practices in connection with the sale of equity securities by domestic companies in purported Regulation S offerings by requiring more disclosure about such sales in a timely fashion.