The SEC processed 1,947 Form 4 filings for the week of December 17 to December 23, 2016. These filings represented 1,775 insiders and reflected 787 companies. Most of the transactions occurred in the following transaction codes: 30,642,810 discretionary share purchases; 124,762,476 discretionary share sales; 5,006,532 shares in discretionary tax sales; 11,247,749 shares granted as part of awards transactions; and 137,473,929 shares involved in options and derivative security transactions.
These transactions have an approximate net market value of $4,248,718,041 and reflect activity involving approximately 441,016,689 shares. Shares acquired as a part of these aforementioned transactions, where “acquisition” is defined as retaining shares received from an award or through conversions, net of tax sales, and discretionary purchases, were 125,169,833 shares. Shares disposed were approximately 178,885,662 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 reported individual transactions, 1,012 were less than $100,000 in market value. There were 726 transactions representing over $100,000 in market value while, individual filings where there was more than $1 million in market value represented, occurred in 209 filings. Companies with aggregate market value transactions of over $1 million numbered 134, and within these companies there were 189 individual insiders surpassing the high value threshold.
Notable Industry Groups
The industry groups seeing the most shares acquired were Biotechnology & Medical Research and Mortgage REITs. Within these groups insiders acquired 19,667,537 shares and 15,045,620 shares respectively. The largest dispositions by insiders occurred in the Other Specialty Retailers industry group where insiders disposed of 24,000,000 shares followed by the Investment Management industry group where insiders disposed of 22,120,728 shares.
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