THE BOURNE FIRM
Stock and a lot else. A security is much more than stock. It specifically, too, means any note; treasury stock; security future; security-based swap; bond; debenture; evidence of indebtedness; certificate of interest or participation in any profit-sharing agreement; collateral-trust certificate; preorganization certificate or subscription; transferable share, investment contract; voting-trust certificate; certificate of deposit for a security; fractional undivided interest in oil, gas, or other mineral rights; any put, call, straddle, option, or privilege on any security, certificate of deposit, or group or index of securities (including any interest therein or based on the value thereof); or any put, call, straddle, option, or privilege entered into on a national securities exchange relating to foreign currency.
General counts too. In general, a security also is any interest or instrument commonly known as a “security”; or any certificate of interest or participation in, temporary or interim certificate for, receipt for, guarantee of, or warrant or right to subscribe to or purchase, any of the above.
Run for counsel. A sale of any security in your small or mid-sized company must be registered (e.g., initial public offering) or subject to a valid exemption from registration (e.g., a safe harbor for resales that complies with the size, issuer, investor, information and filing requirements of Regulation D). Counsel can cover you if you're dealing with the sale of a security. Whether it's this firm or another, just do it. Otherwise you may end up in jail.