Section 16 is Now Better Than Ever

December 7, 2012

The Section 16 solution from WebFilings has helped hundreds of financial professionals streamline the process of filing Forms 3, 4, and 5. Since its product release in March, companies using the solution have eliminated many of the common frustrations faced with this SEC mandate.

Terry Rinker, Senior Legal Assistant at Meredith Corporation, uses the WebFilings Section 16 solution to create the reports for her company officers and directors. Before, a single report could take up to an hour and a half to file, but with WebFilings the process only takes about 10 minutes. Rinker says, "WebFilings is a huge time saver!"

We've been pleased with the user reviews of our Section 16 solution, but in the world of technology no job is ever done, no product deemed perfect. At WebFilings developers are constantly working with users and listening to customers' financial reporting needs and wants.

With a deep understanding of customer challenges, WebFilings is able to deliver industry-leading technologies that give you the control you need in order to meet the uncompromising rules and regulations of SEC reporting. By listening to our customers and acting on their suggestions, new solution features and enhancements are being constructed on a daily basis.

Today, WebFilings Section 16 solution now includes a mass grants feature. Instead of creating several forms one at a time, you can now enter the information once, and it will create a form with the respective information for each person.

The mass grants feature is allowing you to give the same security to multiple reporting owners. The process for granting stock options to multiple officers, directors, and principal stockholders annually, biannually, or several times a year is now even faster. You may have to grant stock to multiple officers in lieu of salary as frequently as every other week. The new Section 16 mass grants feature saves you valuable time taking care of this reoccurring report.

Improving WebFilings products and services is a natural part of our commitment to innovation. As fast as the financial world moves, WebFilings is moving right along with it.

Get to know WebFilings Section 16 capabilities and see how the new mass grants feature works in a live webinar demo. Register now for this special webinar, "WebFilings Section 16: The Gift of Time," on Wednesday, December 19 at 1 p.m. CT.

Jay Miller

About the author

Jay Miller is a Senior Director of Product Marketing at Workiva. He has over 15 years of experience in marketing, product marketing and management with SaaS and enterprise software companies.