Ohio 3 Q Form Modify Form Here

Ohio 3 Q Form

The Ohio 3-Q form is a document used to claim an exemption for securities sold in Ohio under section 1707.03(Q). This form must be filed within 60 days of the securities sale and is applicable to issuers relying on Section 4(2) of the Securities Act of 1933. Proper submission includes a completed form, a filing fee, and any necessary exhibits.

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The Ohio 3 Q form is a crucial document for issuers looking to claim an exemption under Section 1707.03(Q) of the Ohio Revised Code. This form allows for the reporting of securities sold in Ohio within 60 days, provided they have not been previously reported. It's essential for issuers relying on Section 4(2) of the Securities Act of 1933, as only they are eligible to utilize this exemption. A non-refundable filing fee of $100 applies to the first filing, while subsequent related filings within the same calendar year incur a fee of $50. To properly submit the form, issuers must send the completed document along with the appropriate fee and any necessary exhibits to the Ohio Division of Securities. The form requires detailed information about the issuer, the securities sold, and any commissions or remuneration related to the sales. Additionally, it asks for confirmation that the basis for the exemption is indeed Section 4(2) and not any other rules. Given the specific requirements and the importance of compliance, completing the Ohio 3 Q form accurately and submitting it promptly is vital for any issuer engaged in securities sales within the state.

Form Sample

File Number

 

 

 

 

 

 

Form 3-Q

 

 

 

 

 

 

Report of Sale of Securities

 

 

 

 

 

 

 

1707.03(Q)

 

 

 

 

 

 

 

 

Claimant Must Not fill In.

 

 

 

Checked

 

 

DIVISION RECORD ONLY

 

Date

 

By

 

Notation

Fee ($100/$50) Received

 

 

 

 

 

 

 

Prior filings checked

 

 

 

 

 

 

 

Examined as to form

 

 

 

 

 

 

 

Amendment Requested

 

 

 

 

 

 

 

Accepted for Filing

 

 

 

 

 

 

 

Record Made

 

 

 

 

 

 

 

 

Examination Requested

 

 

 

 

 

 

 

 

 

 

 

 

Exemption 3-Q (Claimant Must Not Fill In).

 

 

 

 

 

 

 

 

 

 

 

 

(File)

(Date)

(Amount)

 

 

 

(Description)

(Price)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Note: Use this form to claim a section 1707.03(Q) exemption for securities sold in Ohio within 60 days of the filing of this form and not previously reported. Only those issuers relying on Section 4(2) of the Securities Act of 1933 are eligible to use this exemption. The non-refundable filing fee is $100 for the first filing and $50 for any subsequent related Form 3-Q filing made during the same calendar year.

Submit to the Ohio Division of Securities, 77 South High Street, 22nd Floor, Columbus, Ohio 43215-6131 the following: (1) the completed Form 3-Q, (2) the filing fee by check or money order payable to the “Ohio Division of Securities”, and (3) exhibits or schedules, if any.

1.Issuer's full name

(Payer’s Federal Tax Identification Number)

2.Issuer's Address

(City, State, Zip)(Phone No.)

3. State of incorporation/formation

 

Type of entity

 

 

 

 

 

 

(Corporation, Partnership, etc.)

Division of Securities

 

 

 

 

614-644-7381

77 South High Street

 

 

 

 

Fax: 614-728-2846

22nd Floor

 

 

 

 

Investor Protection Hotline:

Columbus, Ohio 43215

 

 

 

 

877-683-7841

COM 4596

 

 

 

 

TTY/TDD: 800-750-0750

4/11/19

An Equal Opportunity Employer and Service Provider

com.ohio.gov

Ohio Department of Commerce

FORM 3-Q

4.Correspondence regarding this report should be sent to:

(Name)

(Street)

(City, State, Zip Code)

(Phone No.)

5.A section 1707.03(Q) claim of exemption is being made for the following securities sold in Ohio within 60 days of the filing of this form and not previously reported (use additional sheet, if necessary):

Type of

 

Date of

 

Number of

 

Price

 

Number of

Securities Sold

 

Sale

 

Units Sold

 

per Unit

 

Purchasers

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Note:

O.A.C. rule 1301:6-3-03(B)(5) deems a sale to have occurred on the later of: (a) the date that a subscription

 

agreement or its equivalent, signed by the purchaser, is received by the issuer or the dealer, or the purchaser

 

transfers or loses control of the purchase funds, whichever is earlier; or (b) the first date of disbursement of

 

any proceeds of the sale of the securities which have been deposited directly into an escrow account.

6.Confirm that the basis in law for this claim of exemption from Section 5 of the Securities Act of 1933 is pursuant to Section 4(2) of that Act. Note that Rules 504, 505 and 506 cannot be used as a basis for claiming the exemption pursuant to Section 1707.03(Q).

7.List the total number of persons who have purchased this offering to date, both in and outside of Ohio, including persons claimed on all previous Form 3-Qs filed in connection with this offering.

8.(a) List any commissions, discounts, or other remuneration paid or to be paid or given to any person,

directly or indirectly, for sales in Ohio of the securities claimed on the Form 3-Q (if none, please state “None”). Use additional sheet if necessary.

Name and address of person

 

Amount of

 

Percentage of

receiving commission, etc.

 

commission, etc.

 

the Initial Offering Price

 

 

 

 

 

 

 

 

 

 

(b)Were above commissions, discounts, or other remuneration paid or given only to dealers or

salesmen licensed under Chapter 1707 of the Revised Code?

YES

NO

9.Was an offering circular used in connection with the sales reported on this Form 3-Q?

YES

NO

 

If yes,

Copy attached or

Previously submitted

Ohio Department of Commerce

FORM 3-Q

10. Has this offering been terminated? YES

NO

If yes, date of termination

 

 

11.Incorporated issuers not domiciled in this state or unincorporated issuers having a situs of its principal place of business outside this state must file a Form 11 or Form U-2. (See section 1707.11, R.C.)

SIGNATURE

The undersigned represents that the foregoing information is true as of the date hereof and agrees that this report shall be considered a written statement used for the purpose of selling securities in Ohio within the meaning of Section 1707.44(B) of the Ohio Revised Code. The individual signing this report on behalf of the issuer further represents that he/she is duly authorized by the issuer to execute and file this report.

Issuer or Dealer

 

 

(Full Name)

By

 

 

(Signature)

(Date)

 

 

 

 

(Name)

(Official Capacity)

The Division suggests Form 3-Q be sent certified mail for verification of receipt or send a copy of this form together with a self-addressed, stamped envelope.

COM 4596

Updated 4/11/19

Form Information

Fact Name Details
Governing Law This form is governed by Section 1707.03(Q) of the Ohio Revised Code.
Purpose Form 3-Q is used to claim an exemption for securities sold in Ohio within 60 days of filing.
Filing Fee A non-refundable fee of $100 is required for the first filing; subsequent filings in the same year cost $50.
Eligibility Criteria Only issuers relying on Section 4(2) of the Securities Act of 1933 may use this exemption.
Submission Requirements To file, submit the completed form, the filing fee, and any necessary exhibits to the Ohio Division of Securities.
Commission Disclosure Disclose any commissions or remuneration paid for sales in Ohio on the form, or state "None."
Offering Circular Indicate whether an offering circular was used in connection with the sales reported on the form.
Termination of Offering Report whether the offering has been terminated, along with the date of termination if applicable.
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