Officer and Director Equity Service (ODES)

ODES is Merrill Lynch's solution to helping Section 16 Insiders fulfill SEC reporting requirements by pre-clearing and reporting transactions and providing the data required for Form 4 filings.

ODES Features

Merrill Lynch’s Officer and Director Equity Service (ODES) provides pre-trading verification of open market purchase and sale transactions, as well as post-trade confirmation details to company counsel or any other designated individuals, in a timely manner. Reporting of company stock transactions with the SEC is ultimately the responsibility of the individual Officer or Director.

Frequently Asked Questions about ODES

How can streamlining company stock transactions through one brokerage firm benefit me?
Merrill Lynch can streamline regular open market purchases and sale transactions by:

  • Consolidating all company stock transactions with one brokerage firm
  • Verifying with the company that the transaction has been pre-approved
  • Providing transaction details back to the company for timely and accurate SEC reporting

What is the advantage of having an account with Merrill Lynch?
Merrill Lynch is an industry leader with a knowledgeable and experienced staff dedicated to servicing and monitoring Officer and Director accounts and communicating with Issuer’s General Counsel.

Must I enter into a written agreement?
You must sign a Client Service Authorization Form authorizing Merrill Lynch to (1) verify with your company that your regular open market sales and purchases have been pre-approved; and (2) provide your company with transaction information regarding regular open market sales and purchases.

How much do these services cost?
There is no additional fee for these services. You will however, still be subject to the regular commissions and fees related to your Merrill Lynch account.

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