A Form 4 disclosure must then be filed to report every purchase and sale that occurs beyond that 10% threshold. Because Wood River bought and sold Endwave stock after becoming 10% holders, under Section16(b) of the Securities Exchange Act, they are required to disgorge any profits earned on trades made within six months of each other while above the 10% threshold. Since the statute calls for strict liability with regard to disgorgement, Wood River may belouboutin uksubject to substantial disgorgement to Endwave.

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