Legend Removal Instructions

To remove a restriction on shares that have been held between 6 months and 1 year for Non-Affiliates we require the following:

  • Original stock certificate. The registered shareholder must endorse the back of the certificate and have it signature medallion guaranteed by a financial institution.
  • 144 Statement of Non-Affiliation filled out completely.
  • Brokers Representation Letter stating the shares have been or will be sold. Stock must be placed in a broker name.
  • A legal opinion from company counsel is required or an outside legal opinion may be authorized by the company.
  • Instructions that include a physical mailingĀ  address of where to send the new certificate back to and a contact number.
  • Please contact the appropriate transfer agent for the fees specific to this transaction.

To remove a restriction on shares that have been held for 1 year for Non-Affiliates we require the following:

  • Original stock certificate. As long as registration on the certificate is not changing the certificate does not need to be endorsed or signature medallion guaranteed.
  • 144 Statement of Non-Affiliation filled out completely.
  • A legal opinion from company counsel is required or an outside legal opinion may be authorized by the company.
  • Instructions that include a physical mailing address of where to send the new certificate back to and a contact number.
  • Please contact the appropriate transfer agent for the fees specific to this transaction.

To remove a restriction on shares for Affiliates we require the following:

  • Original stock certificate. The registered shareholder must endorse the back of the certificate and have it signature medallion guaranteed by a financial institution.
  • 144 Sellers letter filled out completely.
  • Brokers Representation Letter stating the shares have been or will be sold.
  • The stock that is being sold must be placed in a broker name.
  • The legend removal request must be presented by the broker to PST directly.
  • A legal opinion from company counsel is required or an outside legal opinion may be authorized by the company and it must reference the affiliate requirements of rule 144 being met.
  • A copy of the filed form 144 from the SEC.
  • Instructions that include a physical mailing address of where to send the new certificate back to and a contact number.
  • Please contact the appropriate transfer agent for the fees specific to this transaction.

**Please note Shell companies cannot rely on rule 144. The Issuer cannot be a considered a “shell” company for at least one year prior to the request.**

 
 

About PST

Pacific Stock Transfer opened in 1982, with the primary goal of providing outstanding customer service, not only to our client companies and their shareholders, but also to the brokerage community. As we near our 30th anniversary, we represent over 900 Issuers, comprised of 250,000+ stockholders. read more…

Our Clients

“Pacific Stock Transfer always handles our requests in a timely manner. Their TA’s are always courteous, help-full and willing to go the extra mile.”
— Mike Thompson

Our Services

Securities Transfers & Issuance

Stock Certificate Printing

Proxy Services

Corporate Actions

Records Retention and Electronic Information

Contact Info

4045 South Spencer Street
Suite 403
Las Vegas, NV 89119

Tel: (702) 361-3033
Fax: (702) 433-1979

E-mail: info@pacificstocktransfer.com