This Note discusses the beneficial reporting obligations under Sections 13(d) and 13(g) of the Securities Exchange Act of 1934, as amended. In particular, this Note reviews the requirements of Section 13(d), including a discussion of what constitutes beneficial ownership and what information must be reported. This Note also discusses who may be eligible to file a Schedule 13G and under what situations a filer must convert from a Schedule 13G to Schedule 13D and vice versa. In addition, this Note also looks at special situations that may affect Section 13 reporting and the impact of the Dodd-Frank Act.