The SEC recorded 1,524 Form 4 filings for the week of January 9 to January 15, 2017. These filings represented 1,411 insiders and reflected 575 companies. Breaking down these transactions there were approximately 71,740,864 discretionary share sales; 2,809,889 discretionary share tax sales; 717,261,555 share award transactions; 60,844,399 shares related to options and derivative security transactions; and 3,424,287 discretionary share purchases.
These transactions have an approximate net market value of $4,325,993,000 and reflect activity involving approximately 856,485,952 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 approximately 747,676,076 shares. Shares disposed were approximately 106,489,420 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 895 that represented less than $100,000 in market value, while there were 481 with a market value in excess of $100,000 and of these, 148 were filings that represented over $1 million in market value. Companies with aggregate market value transactions of over $1 million numbered 99, and within these companies there were 131 individual insiders surpassing the high value threshold.
Notable Industry Groups
The two industry groups with the largest number of acquired shares were Oil & Gas Exploration and Production and Investment Management & Fund Operators. Insiders within these groups acquired 681,607,013 shares and 17,771,648 shares respectively. The two groups with the largest dispositions by insiders were the Office REITs industry group where insiders disposed of 44,299,351 shares followed by the Business Support Services industry group where insiders disposed of 6,386,640 shares.
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