The SEC processed 1,103 Form 4 filings for the week of April 8 to April 14, 2017. These filings represented 1,008 insiders and reflected 464 companies. Breaking down these transactions there were approximately 23,783,540 discretionary share sales; 1,723,941 discretionary share tax sales; 8,725,655 share award transactions; 37,287,147 shares related to options and derivative security transactions; and 29,341,249 discretionary share purchases.
These transactions have an approximate net market value of $1,362,585,514 and reflect activity involving approximately 166,593,704 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 69,393,895 shares. Shares disposed were approximately 100,051,912 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 645 that represented less than $100,000 in market value, while there were 358 with a market value in excess of $100,000 and within this activity were 100 transactions which individually represented over $1 million in market value. Companies with aggregate market value transactions of over $1 million numbered 68, and within these companies there were 89 individual insiders surpassing the high value threshold.
Notable Industry Groups
The two industry groups with the largest number of acquired shares were Medical Equipment, Supplies & Distribution and Quick Service Restaurants. Insiders within these groups acquired 27,348,565 shares and 4,411,139 shares respectively. The two groups with the largest dispositions by insiders were the Auto, Truck & Motorcycle Parts industry group where insiders disposed of 54,213,855 shares followed by the Software industry group where insiders disposed of 7,910,168 shares.
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