The week of December 31 to January 6, 2017 saw the SEC report 4,499 Form 4 filings. These transactions involved activity in 1,141 companies and came from 4,180 insiders. These transactions can be broken down into the following categories: 16,869,972 discretionary share sales; 10,103,968 discretionary share tax sales; 45,871,974 share award transactions; 135,740,386 shares related to options and derivative security transactions; and 11,449,764 discretionary share purchases.
There were approximately 352,239,504 shares related to these transactions having a market value of approximately $1,402,485,513. “Acquired” shares in these aforementioned transactions is defined as shares retained from an award or through conversions, net of any tax sales, and discretionary purchases, were 178,535,005 shares. “Disposed” shares were approximately 119,558,538 and are defined as 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, 3,116 were less than $100,000 in market value. There were 1,149 transactions representing over $100,000 in market value and of these individual transactions, 234 were filings that represented over $1 million in market value. There were 171 companies with aggregated total market value transactions that exceeded the high value threshold and within these companies were 220 individual insiders with transactions that were greater than $1 million.
Notable Industry Groups
The two industry groups with the largest number of acquired shares were Medical Equipment, Supplies & Distribution and Biotechnology & Medical Research. Insiders within these groups acquired 15,573,080 shares and 14,689,286 shares respectively. The two groups with the largest dispositions by insiders were the Biotechnology & Medical Research industry group where insiders disposed of 17,864,871 shares followed by the Investment Management industry group where insiders disposed of 9,688,361 shares.
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