The SEC saw 1,693 Form 4 filings processed during the week of June 17 to June 23, 2017. These transactions involved activity in 649 companies and came from 1,590 insiders. These transactions can be broken down into the following categories: 76,348,010 discretionary share sales; 2,890,342 discretionary share tax sales; 99,259,934 share award transactions; 62,174,289 shares related to options and derivative security transactions; and 4,168,759 discretionary share purchases.
There were approximately 310,566,127 shares related to these transactions having a market value of approximately $2,677,684,521. “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 139,323,517 shares. “Disposed” shares were approximately 108,205,615 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 & Industry Group
Included in the reported individual transactions were 942 that represented less than $100,000 in market value, while there were 565 with a market value in excess of $100,000 and of these, 186 were filings that represented over $1 million in market value. Companies with aggregate market value transactions of over $1 million numbered 126, and within these companies there were 169 individual insiders surpassing the high value threshold.
The two industry groups with the largest number of acquired shares were Oil Related Services and Equipment and Biotechnology & Medical Research. Insiders within these groups acquired 61,180,198 shares and 14,856,405 shares respectively. The two groups with the largest dispositions by insiders were the Hotels, Motels & Cruise Lines industry group where insiders disposed of 29,220,769 shares followed by the Gyms, Fitness and Spa Centers industry group where insiders disposed of 12,180,246 shares.
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