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There are many different strategies to trade and one of them is to find insider trading of stocks. Any insider trading from corporate officers, key employees, vice presidents, directors, senior management or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. Legal insider trading cannot be based on material non-public information; however, most investors believe that corporate insiders may have better insights into the growth of a company and its proceedings.

In this article, I will focus on notable insider sell transactions from mid-cap companies (market cap between $2 billion and $10 billion) filed at the Securities and Exchange Commission on July 02, 2012. I have also included the key financial position of each company. You can use this list as a potential starting point for your analysis.

1. Staples, Inc (NASDAQ:SPLS): Staples, Inc., together with its subsidiaries, operates as an office products company. Staples has a market cap of $8.97 billion and is currently trading around $13.02 with a 52-week range of $11.94 to $16.93.

According to the SEC filing on July 02, 2012, Sargent Ronald (Chairman and CEO) sold a total of 480,000 shares at a total value of $6,112,776. Over the past three months, there have been a total of three insider transactions, with two Sell transactions. The key financial metrics for Staples are given below:

The following chart provides the insider trading summary for 3 month and 12 month periods.

2. Linn Energy, LLC (NASDAQ:LINE): Linn Energy, LLC, an independent oil and natural gas company, engages in the acquisition and development of oil and gas properties. Linn Energy has a market cap of $7.67 billion and is currently trading around $38.50 with a 52-week range of $31.03 to $41.13.

According to SEC filings on July 02, 2012, Linn Michael C (Director) sold a total of 131,500 shares at a total value of $4,858,399 on June 28, 2012. Over the past three months, there have been a total of two insider transactions with one Sell transaction. The key financial metrics for Linn Energy are given below:

The following chart provides the insider trading summary for 3 month and 12 month periods.

3. Salix Pharmaceuticals, Ltd (NASDAQ:SLXP): Salix Pharmaceuticals acquires, develops, and markets prescription drugs and medical devices used in the treatment of various gastrointestinal diseases in the United States. Salix Pharmaceuticals has a market cap of $3.23 billion and is currently trading around $55.65 with a 52-week range of $25.64 to $55.83.

According to SEC filings on July 02, 2012, Logan Carolyn J (President & CEO) sold a total of 119,300 shares at a total value of $6,211,832 on June 28, 2012. Over the past three months, there have been a total of 17 insider transactions with 8 Sell transactions. The key financial metrics for Salix Pharmaceuticals are given below:

The following chart provides the insider trading summary for 3 month and 12 month periods.

4. Home Properties, Inc (NYSE:HME): Home Properties is an independent real estate investment trust. The firm invests in the real estate markets of the United States. Home Properties has a market cap of $3.04 billion and is currently trading around $62.40 with a 52-week range of $52.11 to $67.27.

According to SEC filings on July 02, 2012, Pettinella Edward J (NYSE:CEO) sold a total of 50,000 shares at a total value of $3,052,528 on June 29, 2012. Over the past three months, there have been a total of 36 insider transactions with 23 Sell transactions. The key financial metrics for Home Properties are given below:

The following chart provides the insider trading summary for 3 month and 12 month periods.

5. VIVUS, Inc (NASDAQ:VVUS): VIVUS, Inc., a biopharmaceutical company, is developing therapies to address obesity, sleep apnea, diabetes, and male sexual health. Its lead investigational product, Qnexa, has completed Phase 3 clinical trials for the treatment of obesity. VIVUS has a market cap of $2.92 billion and is currently trading around $29.33 with a 52-week range of $6.13 to $29.42.

According to SEC filings on July 02, 2012, Wilson Leland F sold a total of 50,000 shares at a total value of $1,400,000 on June 27, 2012. Also, Miller Michael Patrick (Chief Commercial Officer) sold a total of 25,000 shares on June 27, 2012. Multiple insider selling are usually a negative sign. Over the past three months, there have been a total of 12 insider transactions, with 8 Sell transactions. The key financial metrics for VIVUS are given below:

The following chart provides the insider trading summary for 3 month and 12 month periods.

Sources: Some of the data is sourced from Google Finance, Nasdaq, Finviz, Fidelity and SEC.gov.

Additional Disclosure: I change my positions very frequently and may initiate either long or short positions in the above mentioned stocks at any time.

Disclaimer: I am not a registered investment advisor and do not provide specific investment advice. The information contained herein is for informational purposes only. Nothing in this article should be taken as a solicitation to purchase or sell securities. Before buying or selling any stock you should do your own research and reach your own conclusion. It is up to investors to make the correct decision after necessary research.

Source: Notable Mid-Cap Insider Sells Filed On July 2