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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 (market cap greater than $250 million) filed at the Securities and Exchange Commission on July 05, 2012. I have also included the key financial position for the first three companies. You can use this list as a potential starting point for your analysis.

1. Seagate Technology PLC (STX): Seagate Technology designs, manufactures, markets, and sells hard disk drives for enterprise, client compute, and client non-compute market applications worldwide. Seagate has a market cap of $10.67 billion and is currently trading around $25.08 with a 52-week range of $9.05 to $32.55.

According to SEC filings on July 05, 2012, Seagate had 2 insiders combined sell a total of 540,000 shares at a total value of $13,202,684. Luczo Stephen J (Chairman, President and CEO) sold 500,000 shares on July 2, 2012 and these shares were sold under a 10b5-1 plan adopted by the Trust on November 18, 2011. Massaroni Kenneth M (EVP,General Counsel, CAO) sold 40,000 shares on July 2, 2012 and he also acquired additional 40,000 shares under stock compensation plan. Over the past three months, there have been a total of 39 insider transactions, with 36 Sell transactions. The key financial metrics for Seagate are given below:

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

2. Adobe Systems Incorporated (ADBE): Adobe operates as a diversified software company worldwide. Adobe has a market cap of $16.00 billion and is currently trading around $32.53 with a 52-week range of $22.67 to $34.78.

According to SEC filings on July 05, 2012, Adobe had four insiders combined sell a total of 55,071 shares at a total value of $1,769,356. Multiple insider selling are usually a negative sign. Over the past three months, there have been a total of 10 insider transactions and all of them are 10 Sell transactions. The current price is fairly close to its 52-week high. The key financial metrics for Adobe are given below:

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

3. Jabil Circuit, Inc (JBL): Jabil Circuit, Inc., together with its subsidiaries, provides electronic manufacturing services and solutions worldwide. Jabil Circuit has a market cap of $4.23 billion and is currently trading around $20.45 with a 52-week range of $13.94 to $27.40.

According to SEC filings on July 05, 2012, Jabil Circuit had three insiders combined sell a total of 64,215 shares at a total value of $1,294,341. Multiple insider selling are usually a negative sign. Over the past three months, there have been a total of 35 insider transactions with 34 Sell transactions. The key financial metrics for Jabil Circuit are given below:

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

Other notable transactions (above 10,000 shares) insider selling transactions filed at the SEC on July 5, 2012 are as follows:

  • Bridgepoint Education Inc (BPI): Bridgepoint Education provides postsecondary education services. Bridgepoint Education has a market cap of $1.14 billion and is currently trading around $21.81, with a 52-week range of $16.01 to $30.62. According to SEC filings on July 05, 2012, Bridgepoint Education had 3 insiders combined sell a total of 73,071 shares at a total value of $1,587,730.
  • Sonic Corporation (SONC): Sonic Corp operates and franchises a chain of quick-service drive-in restaurants in the United States. Sonic Corp has a market cap of $626.19 million and is currently trading around $10.33, with a 52-week range of $6.35 to $11.34. According to SEC filings on July 05, 2012, Sonic Corp had 2 insiders combined sell a total of 58,027 shares at a total value of $599,999. Also, Sonic Corp had one insider purchased a total of 5,000 shares at a total value of $51,250.
  • BlackRock Kelso Capital Corporation (BKCC): BlackRock Kelso Capital Corp is a private equity firm specializing in investments in middle market companies. The firm invests in all industries. BlackRock Kelso has a market cap of $732.62 million and is currently trading around $9.96, with a 52-week range of $6.30 to $10.34. According to SEC filings on July 05, 2012, Virginia Retirement System (10% Owner) sold a total of 52,722 shares at a total value of $526,123.
  • ARIAD Pharmaceuticals, Inc (ARIA): ARIAD Pharmaceuticals, Inc., an oncology company, focuses on the discovery, development, and commercialization of medicines for cancer patients. ARIAD Pharmaceuticals has a market cap of $3.00 billion and is currently trading around $18.11 with a 52-week range of $7.55 to $18.33. According to SEC filings on July 05, 2012, Fitzgerald Edward M (Executive VP, CFO) sold a total of 25,000 shares at a total value of $440,950.
  • Fulton Financial Corporation (FULT): Fulton Financial Corporation operates as a multi-bank financial holding company that provides various banking and financial services to businesses and consumers. Fulton Financial has a market cap of $2.03 billion and is currently trading around $10.10 with a 52-week range of $7.18 to $11.27. According to SEC filings on July 05, 2012, Hill Craig H (Sr Executive Vice President) sold a total of 11,766 shares at a total value of $117,273.

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. The information and data is believed to be accurate, but no guarantees or representations are made.

Source: Notable Insider Sells Filed On July 5