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There are many different strategies to trade and one of them is to look for insider purchases 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 share purchases (market cap greater than $250 million) filed at the Securities and Exchange Commission on July 13, 2012. I have also included the key financial positions of each company and insider trading summaries for three-month and 12-month periods. Use this list as a potential starting point for your analysis.

1. VistaPrint Limited (NASDAQ:VPRT): Vistaprint N.V. operates as an online provider of marketing products and services to micro businesses worldwide. VistaPrint has a market cap of $1.16 billion and is currently trading around $31.26 with a 52-week range of $23.89 to $47.07. The stock has gained 2.16% year to date.

According to the SEC filing on July 13, 2012, Thomas W. Smith, member of Section 13(d) Group, purchased a total of 145,361 shares at a total value of $4,491,154. Over the past three months, there have been a total of 28 insider transactions with three Buy transactions. Key financial metrics for VistaPrint are given below:

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

2. Smithfield Foods, Inc. (NYSE:SFD): Smithfield Foods, Inc., together with its subsidiaries, engages in the production and marketing of fresh meat and packaged meat products in the United States and internationally. Smithfield Foods has a market cap of $2.93 billion and is currently trading around $18.90 with a 52-week range of $17.79 to $25.12. The stock has fallen 22.16% year to date.

According to the SEC filing on July 13, 2012, Smithfield Foods had two insiders purchase a combined total of 15,000 shares at a total value of $286,600. Multiple insider purchases are usually a positive sign. Over the past three months, there have been a total of 32 insider transactions with 18 Buy transactions. Key financial metrics for Smithfield Foods are given below:

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

3. Deckers Outdoor (NYSE:DECK): Deckers Outdoor engages in the design, manufacture, and marketing of footwear and accessories for outdoor activities and casual lifestyle use for men, women, and children. Deckers Outdoor has a market cap of $1.81 billion and is currently trading around $46.98 with a 52-week range of $42.16 to $118.90. The stock has fallen 37.83% year to date.

According to the SEC filing on July 13, 2012, Angel R. Martinez (NYSE:CEO) purchased a total of 10,000 shares at a total value of $459,034. These purchases were 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 22 insider transactions with 18 Buy transactions. Key financial metrics for Deckers Outdoor are given below:

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

4. Worthington Industries, Inc. (NYSE:WOR): Worthington Industries, Inc. operates as a diversified metals processing company focusing on steel processing and manufactured metal products in the United States, Canada, and Europe. Worthington Industries has a market cap of $1.59 billion and is currently trading around $22.78 with a 52-week range of $12.84 to $23.66.The stock has gained 39.07% year to date.

According to the SEC filing on July 13, 2012, Kerri B. Anderson (director) purchased a total of 4,000 shares at a total value of $87,080. Over the past three months, there have been a total of 43 insider transactions with 25 Buy transactions. Key financial metrics for Worthington Industries are given below:

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

Rule 10b5-1 Definition: A rule established by the SEC that allows insiders of publicly traded corporations to set up a trading plan for buying stocks or selling stocks they own. Rule 10b5-1 allows major holders to buy or sell a predetermined number of shares at a predetermined time.

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

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 Buys Filed On July 13