The SEC saw 3,379 Form 4 filings reported during the week of February 4 to February 10, 2017. These transactions represented activity in 841 companies and came from 2,982 insiders. These transactions can be broken down into the following categories: 124,542,470 discretionary share sales; 11,324,997 discretionary share tax sales; 41,663,147 share award transactions; 147,302,355 shares related to options and derivative security transactions; and 4,206,128 discretionary share purchases.
There were approximately 276,191,150 shares related to these transactions having a market value of approximately $4,934,307,633. 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 130,660,492 shares. Shares disposed were approximately 212,779,699 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 1,683 that represented less than $100,000 in market value, while there were 1,329 with a market value in excess of $100,000 and within this activity were 367 transactions which individually represented over $1 million in market value. There were 218 companies with aggregated total market value transactions that exceeded the high value threshold and within these companies were 333 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 Commercial REITs and Banks. Insiders within these groups acquired 12,248,517 shares and 7,477,554 shares respectively. The two groups with the largest dispositions by insiders were the Banks industry group where insiders disposed of 50,531,520 shares followed by the Industrial Machinery & Equipment industry group where insiders disposed of 22,174,762 shares.
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