[sseveran]

We can get around this easily enough with a Total Return Swap. This way we can move the economic interest around with out ever moving the shares.

[eries]

Our system actually handles this gracefully. If you change the beneficial owner, that’s the same as selling the shares (for voting purposes)

[sseveran]

I TRS has nothing to do with the beneficial owner. The company has no way of knowing that the TRS even exists.

[valuearb]

The beneficial owner of record will never change.