The SEC processed 3,301 Form 4 filings for the week of May 20 to May 26, 2017. These filings represented 2,982 insiders and reflected 956 companies. Breaking down these transactions there were approximately 150,271,916 discretionary share sales; 2,692,712 discretionary share tax sales; 29,386,987 share award transactions; 81,524,842 shares related to options and derivative security transactions; and 34,263,277 discretionary share purchases.
These transactions have an approximate net market value of $5,706,322,477 and reflect activity involving approximately 326,668,345 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 134,386,671 shares. Shares disposed were approximately 205,520,243 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 2,106 that represented less than $100,000 in market value, while there were 942 with a market value in excess of $100,000 and within this activity were 253 transactions which individually represented over $1 million in market value. Companies with aggregate market value transactions of over $1 million numbered 171, and within these companies there were 226 individual insiders surpassing the high value threshold.
Notable Industry Groups
The two industry groups with the largest number of acquired shares were Apparel & Accessories Retailers and Medical Software & Technology Services. Insiders within these groups acquired 28,153,837 shares and 8,487,830 shares respectively. The two groups with the largest dispositions by insiders were the Oil & Gas Exploration and Production industry group where insiders disposed of 34,650,535 shares followed by the Food Retail & Distribution industry group where insiders disposed of 27,778,283 shares.
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