During the week of December 11 to December 17, 2016 insiders filed 2,747 Form 4 reports with the SEC. This activity came from 2,429 insiders representing 1,038 companies. Most of this reported activity involved the following reporting categories: 27,708,675 discretionary share purchases, 85,100,676 discretionary share sales, 5,890,778 shares in discretionary tax sales, 15,532,046 shares granted as part of awards transactions, and 130,123,053 shares involved in option and derivative security transactions.
The total value of these transactions was approximately $5,432,047,008 and reflected activity involving approximately 268,475,397 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 140,328,682 shares. Shares disposed were approximately 153,869,197 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 1,257 were less than $100,000 in market value. Transactions over $100,000 in market value numbered 1,132. while, individual transactions totaling over $1 million in market value occurred in 358 of these filings. There were 221 companies with aggregated total market value transactions that exceeded the high value threshold and within these companies were 330 individual insiders with transactions that were greater than $1 million.
Notable Industry Groups
The industry groups seeing the most shares acquired were Oil & Gas Drilling and Entertainment Production. Within these groups insiders acquired 20,614,220 shares and 19,877,920 shares respectively. The largest dispositions by insiders occurred in the Airlines industry group where insiders disposed of 11,887,647 shares followed by the Semiconductors industry group where insiders disposed of 9,260,442 shares.
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