Insiders filed 1,697 Form 4 reports with the SEC during the week of March 25 to March 31, 2017. There were 1,529 insiders involved in these filings, reflecting activity in 575 companies. The vast majority of the reported activity was centered within the following transaction types: 205,504,375 discretionary share purchases; 27,084,874 discretionary share sales; 3,399,149 shares in discretionary tax sales; 39,195,678 shares granted as part of awards transactions; and 144,858,658 shares involved in options and derivative security transactions.
There were approximately 374,011,952 shares related to these transactions having a market value of approximately $1,928,505,021. “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 341,712,609 shares. “Disposed” shares were approximately 81,771,182 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 905 were less than $100,000 in market value. Transactions over $100,000 in market value numbered 588 and within this insider activity were 204 transactions which individually represented over $1 million in market value. There were 113 companies with aggregated total market value transactions that exceeded the high value threshold and within these companies were 188 individual insiders with transactions that were greater than $1 million.
Notable Industry Groups
The industry groups seeing the most shares acquired were Bio Therapeutic Drugs and Cloud Computing Services. Within these groups insiders acquired 196,544,798 shares and 56,900,914 shares respectively. The largest dispositions by insiders occurred in the Cloud Computing Services industry group where insiders disposed of 29,113,170 shares followed by the Medical Software & Technology Services industry group where insiders disposed of 7,003,503 shares.
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