Significant Insider Transactions for Wednesday, December 7, 2016

The SEC processed 423 Form 4 filings today. These transactions reflected activity in 261 companies and came from 416 insiders. Individual filings where there was more than $1 million in market value represented, occurred in 66 filings. There were 26 companies with aggregated total market value transactions that exceeded the high value threshold and within these companies were 40 individual insiders with transactions that were greater than $1 million.

Within the Russell 3000 index there were 363 individuals filers from 227 companies reporting insider trades. Included in this activity, were high value transactions representing 34 individuals in 24 companies and involving $420,771,879 in market value. This level of activity was markedly greater than the average for the prior week and month and came from:

  • Discretionary purchases of 195,000 shares
  • Option and derivative securities conversion of 73,080 shares
  • Discretionary sales of 33,820,136 shares

The Russell 1000 index had 40 companies reporting insider trades involving 78 individuals filers. Included in this activity, were high value transactions that involved 4 individuals in 3 companies and reflecting $11,827,796 in market value. This level of activity was substantially below the average for the prior 5 days and 30 days, and came from discretionary sales of 305,693 shares.

Among the most significant insider transactions for the day:

Insider Sale at Scripps Networks Interactive (SNI) Continues Selling Trend

An insider — Adam R Scripps, 10% Owner — disposed of 500,000 shares of Scripps Networks Interactive having a market value of approximately $34,473,770 today, as indicated in a form 4 document filed with the SEC. There have been 11 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the disposition of 2,154,174 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 2,654,174 shares and have averaged 221,181 shares per transaction over this time period. Insiders at Scripps Networks Interactive have a higher number of buy/sell trades than the 8-peer company average over the last 90-day period. The Television Broadcasting peer group saw 14 buy/sell trades during this period for an average of 1.8 transactions per company. The number of shares per buy/sell trade for Scripps Networks Interactive insiders was also higher. Within the peer group there were 5,620 shares purchased and 2,154,174 shares sold with company insiders disposing of 153,468 shares on average. The data obtained in evaluating and writing in this story eliminates all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers.

Another 23 companies had significant insider transactions based on UpTick Data Technologies’ analysis.  Using proprietary artificial intelligence methods, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends. For more information, contact UpTick at info@uptickdata.com.

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