Insiders filed 5,081 Form 4 reports with the SEC during the week of February 11 to February 17, 2017. There were 4,476 insiders involved in these filings, reflecting activity in 1,129 companies. The vast majority of the reported activity was centered within the following transaction types: 31,507,463 discretionary share purchases; 118,321,065 discretionary share sales; 16,327,117 shares in discretionary tax sales; 48,895,762 shares granted as part of awards transactions; and 600,851,674 shares involved in options and derivative security transactions.
The total value of these transactions was approximately $5,417,274,942 and reflected activity involving approximately 708,511,040 shares. “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, and were approximately 567,937,391 shares. “Disposed” shares were approximately 286,319,925 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. Of the individual transactions reported 2,435 were less than $100,000 in market value.
Transactions by Market Value
Transactions over $100,000 in market value numbered 2,075 and within this insider activity were 571 transactions which individually represented over $1 million in market value. There were 291 companies with aggregated total market value transactions that exceeded the high value threshold and within these companies were 515 individual insiders with transactions that were greater than $1 million.
Notable Industry Groups
The industry groups seeing the most shares acquired were Internet Gaming and Natural Gas Pipeline. Within these groups insiders acquired 169,485,003 shares and 75,940,957 shares respectively. The largest dispositions by insiders occurred in the Banks industry group where insiders disposed of 44,840,974 shares followed by the Aluminum industry group where insiders disposed of 23,353,000 shares.
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