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Understand current issues in securities filings and disclosure obligations following Dodd-Frank Master critical drafting techniques through expert demonstrations and presentations Learn the mechanics and implications of risk disclosures in ’33 and ’34 Act filings Hear directly from the source about the current areas of focus for SEC Division of Corporation Finance Staff Satisfy Your CLE and CPE Requirements! Special Features Drafting Securities Filings 2011 New York City,* October 13-14, 2011 San Francisco, November 3-4, 2011 Live Webcast, November 3-4, 2011 — www.pli.edu Chicago, November 14-15, 2011 Do You Know There Are 5 Ways To Attend PLI’s Programs? See inside for details... Register Online at www.pli.edu or Call (800) 260-4PLI Hands-on drafting exercises including MD&A and CD&A Earn up to one full hour of Ethics credit NY Transitional Attorneys can earn up to 1.5 hours of Skills credit *This is an approved transitional program

Satisfy Your CLE and CPE Requirements! Drafting …...Reserve your place today, call (800) 260-4PLI. Why You Should Attend This hands-on drafting workshop will analyze in detail the

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Page 1: Satisfy Your CLE and CPE Requirements! Drafting …...Reserve your place today, call (800) 260-4PLI. Why You Should Attend This hands-on drafting workshop will analyze in detail the

• Understand current issues in securities filings anddisclosure obligations following Dodd-Frank

• Master critical drafting techniques through expertdemonstrations and presentations

• Learn the mechanics and implications of risk disclosuresin ’33 and ’34 Act filings

• Hear directly from the source about the current areas offocus for SEC Division of Corporation Finance Staff

Satisfy Your CLE and CPE Requirements!

Special Features

Drafting SecuritiesFilings 2011

New York City,* October 13-14, 2011

San Francisco, November 3-4, 2011

Live Webcast, November 3-4, 2011 — www.pli.edu

Chicago, November 14-15, 2011

Do You Know There Are 5 Ways To Attend

PLI’s Programs? See inside for details...

Register Online at www.pli.eduor Call (800) 260-4PLI���

• Hands-on drafting exercises including MD&A and CD&A

• Earn up to one full hour of Ethics credit

• NY Transitional Attorneys can earn up to 1.5 hours of Skills credit

*This is an approved transitional program

Page 2: Satisfy Your CLE and CPE Requirements! Drafting …...Reserve your place today, call (800) 260-4PLI. Why You Should Attend This hands-on drafting workshop will analyze in detail the

R e s e r v e y o u r p l a c e t o d a y , c a l l ( 8 0 0 ) 2 6 0 - 4 P L I .

Why You Should AttendThis hands-on drafting workshop will analyze in detail the principal forms used for filingswith the SEC under the Securities Act of 1933 (“Securities Act”), and the SecuritiesExchange Act of 1934 (“Exchange Act”), with particular emphasis on the mechanics of and timing for assembling particular filings. Each segment of the program will incorporatepractical tips and/or interactive drafting exercises.

Ethics credit and recent and proposed legislation and SEC rule changes affecting disclosureobligations will be woven within the topics covered.

What You Will Learn• Overview of the disclosure cycle and the integrated disclosure system; Regulations S-K,S-X and M-A

• Exchange Act registration and reporting, including Forms 10-K, 10-Q, 8-K and more

• Securities Act registration statements, including discussion of eligibility, the draftingprocess, incorporation by reference, “experts,” consents and shelf registration

• Securities Act Section 5 — the communication rules and related filings

• Broad overview of proxy statements, including when preliminary filings are required, theshareholder proposal process, and year-end timing and filing issues, including the SEC’sproxy access and “say-on-pay” rules

• Securities filings used in mergers, acquisitions and other significant corporate transactions

• Section 16 filings

• Mechanics and implications of risk disclosures in both Securities Act and Exchange Act filings

• Review procedures in the SEC’s Division of Corporation Finance

• Current issues in securities filings resulting from the Dodd-Frank Wall Street Reform andConsumer Protection Act

Who Should AttendPractitioners interested in learning about and understanding the securities laws, as well asthose who would like a review of the area. This course may also be suitable for othercorporate, litigation and business law attorneys who handle cases where issues under thesecurities laws can arise.

Live Webcast at www.pli.eduThe San Francisco session of this program is available live via the web at www.pli.edu:

• Print the Course Handbook

• Submit questions electronically

• Get “real-time” education right from your PC!

If you have any questions please call PLI’s Customer Relations Department at (800) 260-4PLI.

Drafting Securities Filings 2011New York City, October 13-14, 2011

San Francisco, November 3-4, 2011

Live Webcast, November 3-4, 2011 — www.pli.edu

Chicago, November 14-15, 2011

Page 3: Satisfy Your CLE and CPE Requirements! Drafting …...Reserve your place today, call (800) 260-4PLI. Why You Should Attend This hands-on drafting workshop will analyze in detail the

Program Attorney: Danielle T. Bersofsky

Co-Chairs Steven V. BernardWilson Sonsini Goodrich & Rosati, PCPalo Alto

F A C U L T Y

John A. BickDavis Polk & Wardwell LLPNew York City

Mark A. BorgesPrincipalCompensia, Inc.Corte Madera, California

Laura L. DelanoyWillkie Farr & Gallagher LLPNew York City

Kathleen M. EmbergerCleary Gottlieb Steen & Hamilton LLPNew York City

N. Adele HoganCadwalader, Wickersham & Taft LLPNew York City

Jay IngramLegal Branch ChiefDivision of Corporation FinanceU.S. Securities and Exchange CommissionWashington, D.C.

Vasiliki B. TsaganosFried, Frank, Harris, Shriver & Jacobson LLP Washington, D.C.

Michael S. WinogradWilson Sonsini Goodrich & RosatiNew York City

Chair Steven V. BernardWilson Sonsini Goodrich & Rosati, PCPalo Alto

William F. AldermanOrrick, Herrington & Sutcliffe LLPSan Francisco

Mark A. BorgesPrincipalCompensia, Inc.Corte Madera, California

Armando CastroReed Smith LLPPalo Alto

Bruce K. DallasDavis Polk & Wardwell LLPMenlo Park, California

Michael S. DorfShearman & Sterling LLPSan Francisco

Karen K. DreyfusSidley Austin LLPPalo Alto

Stephen E. GilletteJones DayPalo Alto

Jonathan W. HughesHoward Rice Nemerovski Canady

Falk & Rabin, PCSan Francisco

Jackie Liu Morrison & Foerster LLPSan Francisco

Russell MancusoLegal Branch ChiefDivision of Corporation FinanceU.S. Securities and Exchange CommissionWashington, D.C.

Brooks StoughGunderson Dettmer Stough Villeneuve

Franklin & Hachigian, LLPRedwood City, California

Ann Yvonne WalkerWilson Sonsini Goodrich & Rosati, PCPalo Alto

S A N F R A N C I S C O A N D L I V E W E B C A S T

Chair Gary M. BrownChief Executive Officer CMG Life Services Inc.Naples, FloridaAuthor, Soderquist on the Securities Laws (PLI)

Cathy A. BirkelandLatham & Watkins LLPChicago

Mark A. BorgesPrincipalCompensia, Inc.Corte Madera, California

Tonya M. GrindonBaker, Donelson, Bearman,

Caldwell & Berkowitz PCNashville, Tennessee

Keir D. GumbsCovington & Burling LLPWashington, D.C.

James J. JunewiczWinston & Strawn LLPChicago

Jennifer Durham King Vedder Price P.C.Chicago

Elizabeth Clough KitslaarJones DayChicago

Thomas KluckLegal Branch ChiefDivision of Corporation FinanceU.S. Securities and Exchange CommissionWashington, D.C.

Gerald T. NowakKirkland & Ellis LLPChicago

Mark D. WoodKatten Muchin Rosenman LLPChicago

C H I C A G O

N E W Y O R K C I T Y

Gary M. BrownChief Executive Officer CMG Life Services Inc.Naples, FloridaAuthor, Soderquist on the Securities Laws (PLI)

Page 4: Satisfy Your CLE and CPE Requirements! Drafting …...Reserve your place today, call (800) 260-4PLI. Why You Should Attend This hands-on drafting workshop will analyze in detail the

Please plan to arrive with enough time to register before the conference begins.

A networking breakfast will be available upon your arrival.

P R O G R A M

Morning Session: 9:00 a.m. – 12:30 p.m.

9:00

Introduction and Opening RemarksNYC & CHI: Gary M. BrownSF & WEB: Steven V. Bernard

9:15

Overview of the FederalSecurities Laws• Securities Act of 1933 and related forms• Securities Exchange Act of 1934 and related forms• Integrated disclosure system• Regulation S-K — Summary of Line Item Disclosure• Regulation S-X

NYC: Gary M. Brown, N. Adele HoganSF & WEB: Karen K. Dreyfus, Ann Yvonne WalkerCHI: Gary M. Brown

10:15

Effects of ’34 Act Registration• Filing requirement “triggers” – Sections 12(b),

12(g) and 15(d)• Filing requirements under Section 13• Filing requirements under Section 14• Filing requirements under Section 16• Third party filings (e.g., Schedules 13D, 13G,

Forms 3, 4 and 5)

NYC: Gary M. Brown, Kathleen M. EmbergerSF & WEB: Karen K. Dreyfus, Ann Yvonne WalkerCHI: Mark D. Wood

11:15 Networking Break

11:30

MD&A and the Annual Report to Shareholders• Relationship to financial statements and

financial disclosure• Current Commission focus on MD&A topics• Enforcement actions• Additional disclosure items for the annual

report to shareholders• MD&A drafting exercise

NYC: Gary M. Brown, Laura L. DelanoySF & WEB: Steven V. Bernard, Brooks Stough CHI: James J. Junewicz

12:30 Lunch

Afternoon Session: 1:30 p.m. – 5:00 p.m.

1:30

Proxy Statements• Up-to-the-minute overview of rules• Preliminary and definitive filings• SEC’s proxy access and “say on pay” rules• Shareholder proposal process• Drafting CD&A and related compensation disclosures

NYC, SF, CHI & WEB: Mark A. Borges

2:30 Networking Break

2:45

The Disclosure CycleA.The Duty to Disclose• Disclosure beyond the line items:

the sources of the duty to disclose• Duty to update and duty to correct• Missing guidance — breaking the bad newsB. Quarterly Earnings Cycle• Earnings announcement; “outlook”;

investor/analyst call• Quarterly report on Form 10-Q• Regulations G and FDC. Form 10-K Disclosure Requirements• Summary of contents• Coordination with proxy materials

NYC: Gary M. BrownSF & WEB: Steven V. BernardCHI: Gerald T. Nowak

4:00

Current Report on Form 8-K• Events triggering obligation to file• Use of 8-K to satisfy other filing requirements• “Furnished” vs. “filed” reports• The “safe harbor”• 8-K “traps”

NYC: Kathleen M. EmbergerSF & WEB: Jackie Liu CHI: Keir D. Gumbs

5:00 Adjourn

Day One: 9:00 a.m. – 5:00 p.m.

Page 5: Satisfy Your CLE and CPE Requirements! Drafting …...Reserve your place today, call (800) 260-4PLI. Why You Should Attend This hands-on drafting workshop will analyze in detail the

S C H E D U L E

Day Two: 9:00 a.m. – 5:00 p.m.

Morning Session: 9:00 a.m. – 12:30 p.m.

9:00

Deconstructing the RegistrationStatement; the Regulatory Process• Form eligibility considerations (e.g., S-1, S-3)• The drafting process and how to add value• Making the initial filing• Confidential treatment requests• Incorporation by reference• “Experts” and consents• Section 5 and the communication rules• Electronic road shows• Liability issues• Risk disclosure

- Drafting risk factors- PSLRA safe harbor rules- “Bespeaks caution” doctrine

• Review Procedures in the Division of Corporation Finance- Brief overview of the division- Processing ‘33 Act filings- Current Staff focus

NYC: Jay Ingram, Vasiliki B. Tsaganos, Michael S. WinogradSF & WEB: William F. Alderman, Stephen E. Gillette,Russell MancusoCHI: Cathy A. Birkeland, Jennifer Durham King, Thomas Kluck

11:00 Networking Break

11:15

Deconstructing the Registration Statement; the Regulatory Process (Continued)

NYC: Jay Ingram, Vasiliki B. Tsaganos, Michael S. WinogradSF & WEB: William F. Alderman, Stephen E. Gillette,Russell MancusoCHI: Cathy A. Birkeland, Jennifer Durham King, Thomas Kluck

12:30 Lunch

Afternoon Session: 1:30 p.m. – 5:00 p.m.

1:30

Current Issues in Securities Practice• Recent legislative developments affecting the federal

securities laws• Recent judicial developments• Review of recent and proposed SEC rule changes• Dodd-Frank: current effects and future implications

NYC & CHI: Gary M. Brown and PanelSF & WEB: Armando Castro, Bruce K. Dallas and Panel

2:45 Networking Break

3:00

Ethical Dilemmas in Preparationand Review of SEC Filings • Ethical considerations in SEC practice• Lawyers as “gatekeepers”• The SEC’s “reporting up” rules• 2(e) (now 102(e)) proceedings• Implications of new whistleblower rules

NYC: Gary M. Brown, Jay IngramSF & WEB: Jonathan W. Hughes CHI: Tonya M. Grindon, Thomas Kluck

4:00

Securities Filings in M&A Transactions• ’33 Act Issues — Form S-4 and Rule 425• Tender Offers — Schedules TO and 14D-9• “Going Private” transactions — Schedule 13E-3• Exempt offerings in M&A transactions

- Regulation D and fairness hearings

NYC: John A. Bick SF & WEB: Michael S. DorfCHI: Elizabeth Clough Kitslaar

5:00 Adjourn

Page 6: Satisfy Your CLE and CPE Requirements! Drafting …...Reserve your place today, call (800) 260-4PLI. Why You Should Attend This hands-on drafting workshop will analyze in detail the

Mergers, Acquisitions and Tender Offers: Law and StrategiesSamuel C. Thompson, Jr. (Professor of Law, Dickinson School of Law —Pennsylvania State University)

4 looseleaf volumes, 5,174 pages, $395 $256.75 (Updated annually or as needed: No charge for revision issued within 3 months of purchase)

Soderquist on the Securities Laws Fifth EditionGary M. Brown (CMG Life Services Inc., Naples, Florida)

1 looseleaf volume, 640 pages, $285 $185.25 (Updated annually or as needed: No charge for revision issued within 3 months of purchase)

Visit the PLI Bookstore the day of the program to receive your discount!

PLI’s Nationally Acclaimed Course HandbooksAll program attendees will receive a copy of the Course Handbook Drafting SecuritiesFilings 2011, either in one bound volume or on a flash drive. The Course Handbook isprepared specifically for this program and also stands alone as a permanent reference.PLI’s Course Handbooks represent the definitive thinking of the nation’s finest legal minds,and are considered the standard reference in the field. The Course Handbook will beavailable on the first day of the program. Please note: Webcast attendees will have accessto a downloadable version of the Handbook one business day prior to the program.

Pro Bono EffortsSince 1933, PLI has been the comprehensive resource for the training and developmentneeds of legal professionals. PLI is heavily involved in pro bono and research anddevelopment activities to ensure that all practicing attorneys and law students remain onthe cutting edge. These activities include awarding full and partial scholarships to ourInstitutes and Programs, assisting public interest organizations in their training needs, andhelping law students become first-rate attorneys by posting free lectures on our web siteand offering free MPRE courses. For more information, go online to pro-bono.pli.edu.

PLI ScholarshipsPlease check the Registration Information section of this brochure for more informationabout PLI scholarships.

Cost is not a concern for Individual Privileged Members. Individual Privileged Members have the complete freedom to

attend as many of PLI’s 300+ annual programs and Live Webcasts

as they please, for one flat annual fee. For just $3,495 you

can get the training you need, however you want it.

Contact [email protected] for more information.

Program Attendees Save 35% on These Treat ises:

PLI’s GuaranteeIt’s simple. If you’re not completely satisfied with the return on your investment from any PLI program, your money will be refunded in full.

Page 7: Satisfy Your CLE and CPE Requirements! Drafting …...Reserve your place today, call (800) 260-4PLI. Why You Should Attend This hands-on drafting workshop will analyze in detail the

WEB: www.pli.edu

PHONE: (800) 260-4PLI Monday - Friday, 9 a.m. - 6 p.m., Eastern Time

FAX: (800) 321-0093Open 24 Hours!

Fax or mail completed Registration/Order Form on back cover

MAIL: Practising Law Institute 810 Seventh Avenue, New York, NY 10019

F O U R E A S Y W AY S T O R E G I S T E R

New York City Seminar Location: PLI New York Center, 810 Seventh Avenue at 53rd Street (21st floor), New York, New York10019. Message Center, program days only: (800) 260-4754.

New York City Hotel Accommodations: Due to high demand and limited inventory in NYC, we recommendreserving hotel rooms as early as possible. Hilton New York Hotel, 1335 Avenue of the Americas, New York, New York10019. Reservations (877) NYC-HILT. Please mention you are booking aroom under the Practising Law Institute Corporate Rate and the Client FileN# is 0495741. You may also book reservations online: go to www.pli.edufor this program, click Hilton link to see preferred rates. Enter requesteddates and Practising Law Institute rates will appear.

Warwick New York Hotel, 65 West 54th Street, New York, New York10019. 1 block from PLI Center. Reservations 800-223-4099 or hotel direct 212-247-2700. Please mention that you are booking a room under thePractising Law Institute Corporate Rate. Reservations online atwww.warwickhotelny.com Click reservations in menu bar on left. Select desired dates. In ‘Special Rates’ drop down window select CorporateRate. In ‘Rate Code’ enter PLIN. Click search and select desired room typeand rate plan. Or, you may email reservation requests to:[email protected]

San Francisco Seminar Location: PLI California Center, 685 Market Street, San Francisco, California 94105. (415) 498-2800.

San Francisco Hotel Accommodations: Due to high demand in SF, we recommend reserving hotel rooms asearly as possible. The Palace Hotel, 2 New Montgomery Street, San Francisco, California94105. Call (800) 917-7456 seven days a week from 6:00 a.m. to 12:00 a.m.(PT) and mention you are attending this PLI program at Practising LawInstitute to receive the preferred rate. For online reservations, go towww.sfpalace.com/pli to receive the preferred rate.

Chicago Seminar Location: University of Chicago Gleacher Center, 450 N. Cityfront Plaza Drive, Chicago, Illinois 60611. (312) 464-8787.

Chicago Hotel Accommodations: InterContinental ChicagoMagnificent Mile, 505 North Michigan Avenue, Chicago, Illinois 60611.(800) 628-2112. Please contact hotel directly in order to receive thepreferred rate. When calling, please mention PLI and the name of theprogram you are attending. The cut-off date for the preferred rate is October 21, 2011.

Payment Policy: Registration fees are due in advance. Attendees maypay by check, Visa, MasterCard, American Express or Diners Club.

Cancellations: All cancellations received 3 business days prior to theprogram will be refunded 100%. If you do not cancel within the allottedtime period, payment is due in full. You may substitute another individual toattend the program.

PLI’s Scholarship/Financial Hardship Policy: Full and partialscholarships to attend PLI programs are available to pro bono attorneys,judges, judicial law clerks, law professors, attorneys 65 or older, lawstudents, librarians and paralegals who work for nonprofit organizations,legal services organizations or government agencies, unemployed attorneysand others with financial hardships. To apply, send your request on youremployer’s letterhead, stating the reason for your interest, along with thecompleted registration form on this brochure, to the PLI ScholarshipCommittee. All applications must be accompanied by a $25 application fee(this fee is waived for judicial law clerks), and must be submitted fourweeks before the date of the program you wish to attend. (Applicants maypay by check or credit card.) If the request for a scholarship is denied, the$25 application fee will be returned. Students must also submit a copy oftheir student ID card.

Education Course Credit: States have widely varying regulationsregarding Continuing Education credit, therefore, please contact PLI formore information concerning approval.

New York State CLE Credit: This TRANSITIONAL continuing legaleducation program has been approved in accordance with the requirementsof the New York State Continuing Legal Education Board for attorneysadmitted after October 1, 1997 and experienced attorneys. It has beenapproved for a maximum of 15.0 credit hours, of which 1.0 credit hour canbe applied toward the ethics requirement, 1.5 credit hours can be appliedtoward the skills requirement and 12.5 credit hours can be applied towardthe professional practice requirement. Audio and videotapes are notacceptable for transitional continuing legal education for the newly admittedattorney within the first two years of admission to the Bar.

California MCLE Credit: PLI is a State Bar of California approved MCLEprovider. This activity has been approved for MCLE credit in the amount of12.75 credit hours, of which 1.0 credit hour will apply to legal ethics. PLI will retain the required MCLE records for this program.

Continuing Professional Education Course Credit: RecommendedCPE credit: 15.0 hours, in which 15.0 credit hours will apply to SpecializedKnowledge & Application. Delivery Method: Group-Live. Program Level:Basic. Prerequisites: No prerequisites required. Advanced Preparation: No advanced preparation required. The Practising Law Institute is registeredwith the National Association of State Boards of Accountancy (NASBA), as a sponsor of continuing professional education on the National Registryof CPE Sponsors. State boards of accountancy have final authority on theacceptance of individual courses for CPE credit. Complaints regardingregistered sponsors may be addressed to the National Registry of CPESponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN 37219-2417.Web site: www.nasba.org. Email [email protected] regarding complaintsand refund policy.

California Paralegals: You can satisfy your new continuing legaleducation requirements by attending PLI’s nationally acclaimed Institutesand Programs!

Illinois CLE Credit: PLI is an accredited provider in Illinois.

Special Needs: If you have special needs as addressed by the Americanswith Disabilities Act, please notify Customer Relations at least two weeksprior to your program.

Basic Upkeep Service: In order to keep you abreast of the latestdevelopments in your field, the purchase of PLI treatises includes BasicUpkeep Service, so that supplements, replacement pages and new editionsmay be shipped to you immediately upon publication for a 30-dayexamination. This service is cancelable at any time.

PLI Bookstores: Current Publications, Training Materials, Audio CD/DVDsand related products are available for purchase at the PLI New York Center,810 Seventh Avenue at 53rd Street (21st floor), New York, NY, and at thePLI California Center, 685 Market Street, San Francisco, CA, Monday toFriday, 10:00 a.m. - 4:00 p.m. All PLI Publications can also be purchasedonline at www.pli.edu

Email: [email protected]

Visit Us On The Web: www.pli.edu

REGISTRATION/HOTEL INFORMATION

5 Ways to Attend PLI’s Programs:• Live Programs – Attend the program with other attendees and ask the speakers questions from the floor. Ideal if you want

the live experience.• Live Webcasts – View the live program from your home or office and watch the streaming video on your laptop or desktop,

ask questions electronically, view or print the Course Handbook, and, if you have to miss any of it, you have access to the archivedportion for one year. Ideal if you can’t travel and still want to benefit from simultaneous live viewing of the program.

• Groupcasts – Bring a PLI program for group viewing directly to your conference room. Enjoy the live streaming video and receive the best legal education from our expert faculty. All while training more people for less money, in the privacy of your own office setting.

• CLE Now Web Segments/Programs – PLI anywhere, anytime you want it right from your PC.• MP3/Audio CD/DVDs – Watch or listen to PLI’s programs in the comfort of your home or office.

Visit www.pli.edu for more details.

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