The week of March 4 to March 10, 2017 saw 4,125 Form 4 filings processed with the SEC. There were 3,585 insiders involved in these filings, reflecting activity in 1,121 companies. The vast majority of the reported activity was centered within the following transaction types: 27,664,599 discretionary share purchases; 194,515,375 discretionary share sales; 11,485,243 shares in discretionary tax sales; 45,908,508 shares granted as part of awards transactions; and 173,703,791 shares involved in options and derivative security transactions.
There were approximately 594,225,940 shares related to these transactions having a market value of approximately $7,556,270,970. “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 189,281,610 shares. “Disposed” shares were approximately 305,456,131 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 individual transactions reported 2,123 were less than $100,000 in market value. Transactions over $100,000 in market value numbered 1,604 and within this insider activity were 398 transactions which individually represented over $1 million in market value. There were 259 companies with aggregated total market value transactions that exceeded the high value threshold and within these companies were 369 individual insiders with transactions that were greater than $1 million.
Notable Industry Groups
The industry groups seeing the most shares acquired were Medical Equipment, Supplies & Distribution and E-commerce & Auction Services. Within these groups insiders acquired 15,352,232 shares and 15,098,944 shares respectively. The largest dispositions by insiders occurred in the Mobile Application Software industry group where insiders disposed of 52,114,943 shares followed by the Semiconductors industry group where insiders disposed of 46,959,200 shares.
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