Form 4 insider trading reports recorded with the SEC during the week of December 3 to December 9, 2016 revealed 2,332 filings. This activity came from 2,089 insiders representing 908 companies.
Most of the transactions occurred in the following transaction codes: 28,629,588 discretionary share purchases, 146,786,173 discretionary share sales, 2,947,390 shares in discretionary tax sales, 29,721,631 shares granted as part of awards transactions, and 98,006,735 shares involved in option and derivative security transactions. These transactions have an approximate net market value of $4,261,026,389 and reflect activity involving approximately 300,487,947 shares. Shares acquired as a part of these aforementioned transactions, where acquisition is defined as holding an award or shares received through conversions net of tax sales and discretionary purchases were 118,776,536 shares. Shares disposed were approximately 195,173,856 and included shares awarded and then sold as part of a single filing, and like transactions for options and derivative securities and non-tax related discretionary sales.
Transactions by Market Value
Of the individual transactions reported 1,144 were less than $100,000 in market value. Transactions over $100,000 in market value numbered 933. while, individual filings where there was more than $1 million in market value represented, occurred in 255 filings. Companies with aggregate market value transactions of over $1 million numbered 171, and within these companies there were 235 individual insiders surpassing the high value threshold.
Notable Industry Groups
The industry groups seeing the most shares acquired were Quick Service Restaurants and Oil & Gas Exploration and Production. Within these groups insiders acquired 18,881,145 shares and 17,702,712 shares respectively. The largest dispositions by insiders occurred in the Oil Related Services and Equipment industry group where insiders disposed of 31,002,690 shares followed by the Computer Hardware industry group where insiders disposed of 23,664,962 shares.
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