Who prepares the paperwork and who submits the request for removal of the Rule 144 legend to the Company’s stock transfer agent?
Your stock broker (or bank) is responsible for (a) preparing the appropriate documents (seller’s representations letter, broker’s representations letter, Form 144, legal opinion and attachments, stock power, etc.), (b) obtaining your signatures on documents as required and (c) submitting all necessary documents (including the original stock certificate[s]) to the Company’s stock transfer agent. A copy of these documents will also be submitted to the Company. The Company will review the documents and, if you are eligible to sell, authorize the stock transfer agent to remove the restrictive legend.
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