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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 filed at the Securities and Exchange Commission on July 11, 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. Stryker Corporation (NYSE:SYK): Stryker Corporation, together with its subsidiaries, operates as a medical technology company. Stryker has a market cap of $20.21 billion and is currently trading around $53.06 with a 52-week range of $43.73 to $60.08. The stock has gained 6.74% year to date.

According to SEC filing on July 11, 2012, Stryker Ronda E (Director) sold a total of 18,000 shares at a total value of $956,357 and this transaction were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 15, 2012. Over the past three months, there have been a total of 66 insider transactions and all of them are sell transactions. Key financial metric for Stryker is given below:

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

2. Jabil Circuit, Inc. (NYSE:JBL): Jabil Circuit, Inc., together with its subsidiaries, provides electronic manufacturing services and solutions worldwide. Jabil has a market cap of $3.85 billion and is currently trading around $18.76 with a 52-week range of $13.94 to $27.40. The stock has fallen 4.58% year to date.

According to SEC filing on July 11, 2012, Morean William D (Director) sold a total of 39,550 shares at a total value of $772,780. and this sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person. Over the past three months, there have been a total of 34 insider transactions with 33 Sell transactions. Key financial metric for Jabil is given below:

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

3. National Instruments Corp (NASDAQ:NATI): National Instruments Corporation designs, manufactures, and sells measurement and automation products to create virtual instrumentation systems for general, commercial, industrial, and scientific applications worldwide. National Instruments has a market cap of $3.21 billion and is currently trading around $26.55 with a 52-week range of $21.32 to $30.20. The stock has gained 2.31% year to date.

According to SEC filing on July 11, 2012, Kodosky Jeffrey L (Director) sold a total of 8,000 shares at a total value of $209,384. Over the past three months, there have been a total of 34 insider transactions and all of them are Sell transactions. Key financial metric for National Instruments is given below:

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

Other notable transactions (minimum of 2000 shares) insider selling transactions filed at the SEC on July 11, 2012 are as follows:

  • 4. Dolby Laboratories, Inc (DLB): Dolby Laboratories, Inc. provides products, services, and technologies for the entertainment industry worldwide. Dolby Laboratories has a market cap of $4.09 billion and is currently trading around $38.27 with a 52-week range of $25.70 to $45.83. According to SEC filing on July 11, 2012, Gotcher Peter C (Director) sold a total of 4,002 shares at a total value of $162,721.
  • 5. The Ensign Group, Inc (ENSG): The Ensign Group, Inc., through its subsidiaries, provides nursing and rehabilitative care services in Arizona, California, Colorado, Idaho, Iowa, Nebraska, Nevada, Oregon, Texas, Utah, and Washington. Ensign Group has a market cap of $581.36 million and is currently trading around $27.24 with a 52-week range of $19.61 to $32.01. According to SEC filing on July 11, 2012, Christensen Roy E (Chairman of the Board) sold a total of 88,712 shares at a total value of $2,458,189 and this sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 24, 2012.
  • 6. QLT Inc (QLTI): QLT Inc., a biotechnology company, engages in the development and commercialization of ocular products that address the unmet medical needs of patients and clinicians. QLT has a market cap of $384.22 million and is currently trading around $7.83 with a 52-week range of $5.35 to $8.10. According to SEC filing on July 11, 2012, Clarke C Boyd (Former Director) sold a total of 75,450 shares at a total value of $574,751.
  • 7. Greenhill & Co., Inc (GHL): Greenhill & Co., Inc., an independent investment bank, provides financial advice on mergers, acquisitions, restructurings, financings, and capital raising to corporations, partnerships, institutions, and governments worldwide. Greenhill & Co has a market cap of $996.76 million and is currently trading around $34.3 with a 52-week range of $26.38 to $53.48. According to SEC filing on July 11, 2012, Greenhill & Co had one insider sold a total of 65,000 shares at a total value of $614,064.
  • 8. Blackrock Kelso Capital Corp (BKCC): BlackRock Kelso Capital Corporation is a private equity firm specializing in investments in middle market companies. Blackrock Kelso has a market cap of $719.42 million and is currently trading around $9.78 with a 52-week range of $6.30 to $10.34. According to SEC filings on July 11, 2012, Virginia Retirement System (Beneficial Owner) sold a total of 47,866 shares at a total value of $468,589.
  • 9. Dorman Products Inc (DORM): Dorman Products, Inc. supplies automotive replacement parts, fasteners, and service line products primarily for the automotive aftermarket. Dorman Products has a market cap of $924.40 million and is currently trading around $25.55 with a 52-week range of $13.28 to $26.06. According to SEC filing on July 11, 2012, Beretta Joseph M (Co-President) sold a total of 20,000 shares at a total value of $507,000 and this sales were effected pursuant to a Rule 10b5-1 Trading plan adopted by Mr. Beretta on May 4, 2012.
  • 10. AeroVironment, Inc (AVAV): AeroVironment, Inc. engages in the design, development, production, support, and operation of unmanned aircraft systems, and efficient energy systems for various industries and governmental agencies. AeroVironment has a market cap of $541.79 million and is currently trading around $24.35 with a 52-week range of $21.14 to $36.00. According to SEC filing on July 11, 2012, Conver Timothy E (Chairman, President and CEO) sold a total of 16,600 shares at a total value of $417,158 and this sales were effected pursuant to a Rule 10b5-1 trading plan adopted by Mr. Conver, as Trustee of The Conver Family Trust, on January 9, 2012.
  • 11. Arris Group, Inc (ARRS): Arris Group, Inc. develops, manufactures, and supplies telephony, data, video, construction, rebuild, and maintenance equipment for the broadband communications industry worldwide. Arris Group has a market cap of $1.56 billion and is currently trading around $13.77 with a 52-week range of $9.60 to $14.09. According to SEC filing on July 11, 2012, Caezza John O (President of Access, Transport) sold a total of 8,414 shares at a total value of $117,796 and the shares sold were subject to an existing Rule 10b5-1 Sales Plan.
  • 12. American Capital Ltd. (ACAS): American Capital, Ltd. is a private equity and venture capital firm specializing in management and employee buyouts, mezzanine, acquisition, recapitalization, middle market, and growth capital investments. American Capital has a market cap of $3.30 billion and is currently trading around $9.91 with a 52-week range of $5.98 to $10.30. According to SEC filing on July 11, 2012, Flax Samuel Allan (EVP, GC AND Secretary) sold a total of 2,897 shares at a total value of $28,854.

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 11