The SEC recorded 826 Form 4 filings for the week of December 24 to December 30, 2016. These filings represented 734 insiders and reflected 407 companies. Breaking down these transactions there were approximately 10,109,264 discretionary share sales; 1,599,765 discretionary share tax sales; 18,570,246 share award transactions; 28,834,991 shares related to options and derivative security transactions; and 17,885,397 discretionary share purchases.
These transactions have an approximate net market value of $763,495,970 and reflect activity involving approximately 213,455,340 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 58,867,936 shares. Shares disposed were approximately 24,894,027 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
Included in the reported individual transactions were 460 that represented less than $100,000 in market value, while there were 287 with a market value in excess of $100,000 and within this activity were 79 transactions which individually represented over $1 million in market value. Companies with aggregate market value transactions of over $1 million numbered 56, and within these companies there were 69 individual insiders surpassing the high value threshold.
Notable Industry Groups
The two industry groups with the largest number of acquired shares were Integrated Oil & Gas and Biopharmaceuticals. Insiders within these groups acquired 13,894,360 shares and 6,102,942 shares respectively. The two groups with the largest dispositions by insiders were the Handbags & Luggage industry group where insiders disposed of 4,999,356 shares followed by the Oil Related Services and Equipment industry group where insiders disposed of 1,737,411 shares.
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 firstname.lastname@example.org.