a MCQ from becker chapter 7:

Link Corp. is subject to the reporting provisions of the Securities Exchange Act of 1934. Which of the following reports must also be submitted to the SEC? (a)

   (Report by any party making                (Report of proxy solicitation

   a tender offer to purchase        &nbs p;           by Link stockholders)

   Link's stock )

a. Yes         &nb sp;         &nb sp;         &nb sp;         &nb sp;             Yes

b. Yes         &nb sp;         &nb sp;         &nb sp;         &nb sp;                no

c.  no         &nbs p;         &nbs p;         &nbs p;         &nbs p;         &nbs p;     Yes

d.  no         &nbs p;         &nbs p;         &nbs p;         &nbs p;         &nbs p;      no

The answer is (a), yes to both. But on page R7-44, it says "any party making a tender offer to purchase 5% or more of the shares of a class of securities registered under the 1934 Act must file a report with the SEC". Here in this question, it doesn't say "5%", can why shall we say yes to it?