J P Morgan

[Palm]

It's a filing by the NY office and its an aggregated holding. Note that in item 5 the box is not checked. If it were it would mean these shares are being held for the benefit of one person who holds more than 5%. Tough to tell how many investors this represents. But as Maui pointed out it is up from 3%+ in the Oct filing.

[Poman]

© Number of shares as to which such person has: (i) Sole power to vote or to direct the vote: 2,386,059 (ii) Shared power to vote or to direct the vote: 22,631 (iii) Sole power to dispose or to direct the disposition of: 2,639,943 This seems to say that JPM has sole voting power for 2,639,943 shares. It looks to me like this represents the "aggregated holding" of all the JPM entities, not a group of customers.

[Getitrt2]

It's a filing by the NY office and its an aggregated holding. Note that in item 5 the box is not checked. If it were it would mean these shares are being held for the benefit of one person who holds more than 5%. Tough to tell how many investors this represents. But as Maui pointed out it is up from 3%+ in the Oct filing.

No, Item 5 is for a reduction in shares to under 5%.

[jft310]

Bonk is a liar this is a corporate buy or a JPMorgsn Fund , Bonk is a liar

[Poman]

Bonk is a liar this is a corporate buy or a JPMorgsn Fund , Bonk is a liar

I think JFT is correct here. JPM has "sole" voting power for over 5% per this filing.

[Palm]

Sorry, meant this section:

(iv)

Shared power to dispose or to direct the disposition of: 22,631

Item 5. Ownership of Five Percent or Less of a Class. NOT APPLICABLE

If this statement is being filed to report the fact that as of the date

hereof the reporting person has ceased to be the beneficial owner of more

than five percent of the class of securities, check the following. ( )

Item 6. Ownership of More than Five Percent on Behalf of Another Person.

JPMorgan Chase & Co. is the beneficial owner of 2,662,574 shares of the

issuer's common stock on behalf of other persons known to have one or more of

the following:

  the right to receive dividends for such securities;

  the power to direct the receipt of dividends from such securities;

  the right to receive the proceeds from the sale of such securities;

  the right to direct the receipt of proceeds from the sale of such securities;

No such person is known to have an interest in more than 5% of the class of

securities reported herein unless such person is identified below.

[Getitrt2]

It is certainly possible that JP Morgan (as a big investemnt bank) is purchasing shares professionally on behalf of a large accumulator such as Shell et al.

This is just a thought and the specific company would not have to file until they own more shares.

I agree in that if JPM accumulated more than 5% for "Shell", Shell would have to file for its ownership.  The question is whether JPM would have to file for holding more than 5% for all its clients in total, or for just its "street name" clients, as bonk says.  I'm not at all sure that is the case.  It may be that JPM and its subsidiary entities, including their mutual funds, may actually own more than 5%, separate from their non-mutual fund clients.

[Getitrt2]

Sorry, meant this section:

(iv)

Shared power to dispose or to direct the disposition of: 22,631

Item 5. Ownership of Five Percent or Less of a Class. NOT APPLICABLE

If this statement is being filed to report the fact that as of the date

hereof the reporting person has ceased to be the beneficial owner of more

than five percent of the class of securities, check the following. ( )

Item 6. Ownership of More than Five Percent on Behalf of Another Person.

JPMorgan Chase & Co. is the beneficial owner of 2,662,574 shares of the

issuer's common stock on behalf of other persons known to have one or more of

the following:

  the right to receive dividends for such securities;

  the power to direct the receipt of dividends from such securities;

  the right to receive the proceeds from the sale of such securities;

  the right to direct the receipt of proceeds from the sale of such securities;

No such person is known to have an interest in more than 5% of the class of

securities reported herein unless such person is identified below.

Yes, but are the other persons its three subs, EACH of which does not own more than 5%?

[Palm]

Here is a link to 13G filings:
http://www.paulhastings.com/assets/publi...s/1827.pdf

An interesting thing on this is that this is the NY office filing this 13G. The 3%+ that Maui mentions that was reported back in Oct shows on Morningstar as having been filed by their UK office. So will this 5%+ be shown separately from the UK amount, or does it include it?

[Poman]

In US securities law, a beneficial owner (as distinct from a "nominee owner," "registered owner," or "record holder" of a security includes any person who, directly or indirectly, has or shares voting or investment power.

This 13G names JPM as the beneficial owner of over 5% of the total outstanding shares of IOC. I thas nothing to do with any "street name" shares the way Bonk suggest.