The SEC reported 1,448 Form 4 filings during the week of April 15 to April 21, 2017. There were 1,332 insiders reflected in these filings, representing activity in 494 companies. Most of this reported activity involved the following reporting categories: 9,998,743 discretionary share purchases; 44,399,961 discretionary share sales; 2,888,079 shares in discretionary tax sales; 23,094,003 shares granted as part of awards transactions; and 36,182,914 shares involved in options and derivative security transactions.
The total value of these transactions was approximately $1,946,625,190 and reflected activity involving approximately 142,396,231 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 60,114,439 shares. “Disposed” shares were approximately 99,558,088 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 775 were less than $100,000 in market value. Transactions over $100,000 in market value numbered 534 while, individual transactions totaling over $1 million in market value occurred in 139 of these filings. There were 83 companies with aggregated total market value transactions that exceeded the high value threshold and within these companies were 126 individual insiders with transactions that were greater than $1 million.
Notable Industry Groups
The industry groups seeing the most shares acquired were Storage Devices and Oil & Gas Exploration and Production. Within these groups insiders acquired 8,337,495 shares and 5,277,517 shares respectively. The largest dispositions by insiders occurred in the Bread & Bakery Product Manufacturing industry group where insiders disposed of 23,716,416 shares followed by the Communications & Networking industry group where insiders disposed of 19,115,387 shares.
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