This Note discusses beneficial ownership reports on Schedules 13D and 13G, required by Sections 13(d) and 13(g) of the Securities Exchange Act of 1934. This Note describes what information must be included in each of Schedule 13D and Schedule 13G, when the schedules must be filed and how to amend each schedule. This Note also reviews how to prepare and file Schedule 13D and Schedule 13G, including when a schedule is to be filed by members of a group. In addition, this Note explains how and when a filer must convert from Schedule 13D to Schedule 13G and vice versa.