FAQ
At V Stock Transfer, our goal is to make your life easier in the transfer process. Here is a suggested list of items to consider/obtain.
TRANSFER CHECKLIST
Include your original stock certificate(s)
Make sure you endorse the back of certificate or stock power if changing registration
Obtain a medallion guaranteed stamp on endorsement
Include a shareholder transfer request form
Please provide names, addresses, and IDs of Shareholders to issue the stock to.
Include delivery instructions for the new certificate with delivery method (FedEx, UPS, Local Pickup/Delivery, Priority Mail)
If you are a corporate shareholder and send a Stock Power instead of endorsing the back of the certificate, include a Corporate Resolution
Determine if you need additional forms that may be required (See Restricted Stock section, Lost Certificates Section
Include your processing fee
Feel free to contact us at V Stock Transfer (212 828 8436) if you have any questions about the forms or fees associated with your transfer request.
The fees vary based upon the specific request and services needed. Feel free to contact us at V Stock Transfer (212 828 8436) if you have any questions about the forms or fees associated with your transfer request.
V Stock Transfer, LLC
18 Lafayette Place
Woodmere, NY 11598
Attention: Yoel Goldfeder
Phone: 212-828-8436
Toll-Free: 855-9VSTOCK
Fax: 646-536-3179
info@vstocktransfer.com
www.VStockTransfer.com
DTC is an acronym for the Depository Trust Company. DTC is the central depository for the brokerage community where stock and bond certificates are deposited or transferred by the broker participants. The main function of DTC is to clear and settle stock trades and to provide custody of securities in an automated environment. DTC provides an efficient and safe way for the buyer and seller to exchange securities electronically and in a centralized location eliminating the need for physical stock certificates and time for transit. DTC is a member of the Federal Reserve System, owned by the Depository Trust and Clearing Corporation (DTCC). DTCC, in turn, is owned by several banks, brokerage houses and trading exchanges. Cede & Co. is merely the nominee name for DTC. DTC and Cede & Co. are synonymous and are often used interchangeably.
A medallion guarantee is provided by an eligible institution who is a participant of the medallion program. Banks, trust companies and broker dealers may participate in this program. A medallion is an insured stamp to guarantee that the signer is authorized and validates the signature. For certain types of transfers, a medallion guarantee stamp is required.
We strongly suggest you send all stock certificates to V Stock Transfer LLC by registered mail with a return receipt requested.
Restricted stock is issued with a ‘restricted legend’ on the stock certificate. Shareholders with restricted stock may only sell their shares in compliance with SEC regulation.
If you have lost a stock certificate, you should contact or email us immediately so that we may place a ‘”STOP” on the form of certificate. Once the “STOP” is placed, please fill out, you may need to complete a “lost instrument bond” form. Feel free to call us to discuss.
Bonds: Surety bonds are typically required by transfer agents to replace lost, stolen, or damaged stock certificates.
Usually, a company’s contact information can be found on their website. Additionally, company information many times can be found on www.sec.gov.
At V Stock Transfer LLC we pride ourselves on responsiveness and quick turnaround time. Routine transfers are generally turned around the same day and in virtually every case in less than 72 hours. Both routine and non-routine transfers maybe expedited with RUSH processing for an additional fee.
Removing a restricted legend is a complex process governed by regulations. If your shares have a restrictive legend, contact your broker to request the proper paperwork and procedure. Brokers and clearing agents are sometimes particular regarding what forms and disclosures they require before assisting in the removal of a restricted legend from a security. Legal opinions (from company counsel or outside counsel) are also sometimes needed to remove a restricted legend.
The Securities and Exchange Commission governs rule 144, the following link to the SEC website provides valuable information about the rule.
http://www.sec.gov/investor/pubs/rule144.htm
Affiliate or Person Selling on Behalf of an Affiliate
During six-month holding period no re-sales under Rule 144 permitted.
After six-month holding period may resell in accordance with all Rule 144 requirements including: current public information, volume limitations, manner of sale requirements for equity securities, and filing of form 144.
Non-Affiliate (and has not been an affiliate during the prior three months)
During six-month holding period no re-sales under Rule 144 permitted.
After six-month holding period but before one year, unlimited public re-sales under Rule 144 except that the current public information requirement still applies.
After one-year holding period, unlimited public re-sales under Rule 144; need not comply with any other Rule 144 requirements.
THIS IS GENERAL INFORMATION ONLY AND NOT TO BE TAKEN AS LEGAL ADVICE NOR IS THIS TO BE TAKEN AS A LEGAL OPINION.
RESTRICTED SECURITIES OF NON-REPORTING ISSUERS
Affiliate or Person Selling on Behalf of an Affiliate
During one year holding period no re-sales under Rule 144 permitted.
After one-year holding period, may resell in accordance with all Rule 144 requirements, including: current public information, volume limitations, manner of sale
REQUIREMENTS FOR EQUITY SECURITIES, AND FILING OF FORM 144.
Non-Affiliate (and has not been an affiliate during the prior three months)
During one year holding period no re-sales under Rule 144 permitted.
Unlimited public re-sales under Rule 144; need not comply with any other Rule 144 requirements
*Please note – this is general information only; not legal advice, nor represents any form of a legal opinion.
You will need to complete a ‘change of address’ form. Please feel free to email us at info@vstocktransfer.com and we will email you the correct Form.