Form 4 insider trading reports recorded with the SEC during the week of May 13 to May 19, 2017 revealed 4,175 filings. This activity came from 3,808 insiders representing 1,211 companies. Most of the transactions occurred in the following transaction codes: 21,214,688 discretionary share purchases; 209,333,255 discretionary share sales; 6,440,223 shares in discretionary tax sales; 28,297,011 shares granted as part of awards transactions; and 167,674,757 shares involved in options and derivative security transactions.
The total value of these transactions was approximately $8,084,061,959 and reflected activity involving approximately 594,724,576 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 170,355,813 shares. Shares disposed were approximately 337,702,827 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
Of the individual transactions reported 2,556 were less than $100,000 in market value. Transactions over $100,000 in market value numbered 1,280 while, individual filings where there was more than $1 million in market value represented, occurred in 339 filings. Companies with aggregate market value transactions of over $1 million numbered 230, and within these companies there were 315 individual insiders surpassing the high value threshold.
Notable Industry Groups
The industry groups seeing the most shares acquired were Satellite Service Operators and IT Services & Consulting. Within these groups insiders acquired 49,142,856 shares and 9,731,563 shares respectively. The largest dispositions by insiders occurred in the Food Retail & Distribution industry group where insiders disposed of 114,308,223 shares followed by the Dairy Products industry group where insiders disposed of 72,000,400 shares.
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