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There are many different strategies to trade stocks, and one of them is to find insider trading of stocks. When corporate insiders trade in their own securities, they must report their trades to the Securities and Exchange Commission (SEC) usually within a few business days of the trade. Insider trading cannot be based on material non-public information. However, many investors believe that corporate insiders may have better insight into the growth of the company and its proceedings.

In this article, I will focus on notable insider sell transactions for mid-cap companies (market cap between $2 billion and $10 billion) filed at the Securities and Exchange Commission on August 07, 2012. I have also included the key financial metrics for the first three companies. You can use this list as a potential starting point for your analysis.

Definition of an Insider: Corporate insiders are either a company's officers, directors, or any beneficial owners of more than 10% of a class of the company's equity securities registered under Section 12 of the Securities Exchange Act of 1934.

Rule 10b5-1 Definition: A rule established by the SEC that allows insiders of publicly traded corporations to create a trading plan of when and how to buy or sell shares in that company. Rule 10b5-1 allows major holders to buy or sell a predetermined number of shares at a predetermined time. 10b5-1 plans are used by many corporate insiders to avoid the accusations of insider trading, regardless of what nonpublic knowledge he/she may later come to possess.

1. Fidelity National Information Services (NYSE:FIS): Fidelity National Information Services provides banking and payments technology solutions worldwide. Fidelity National Information Services has a market cap of $9.15 billion and is currently trading around $31.04 with a 52-week range of $22.53 to $34.85. The stock has gained 16.74% year to date.

According to SEC filing on August 07, 2012, Hagerty Thomas M (Director) sold a total of 336,218 shares at a total value of $10,593,601. Over the past three months, there have been a total of 21 insider transactions with 17 Sell transactions. Key financial metrics for Fidelity National Information Services is given below:

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

2. Robert Half International Inc (NYSE:RHI): Robert Half International provides staffing and risk consulting services in North America, South America, Europe, Asia, and Australia. Robert Half International has a market cap of $3.97 billion and is currently trading around $27.76 with a 52-week range of $19.69 to $32.32. The stock has fallen 2.46% year to date.

According to SEC filing on August 07, 2012, Messmer Harold M Jr (Chairman & CEO) sold a total of 150,000 shares at a total value of $4,141,566. Over the past three months, there have been a total of five insider transactions with one Sell transactions. Key financial metrics for Robert Half International is given below:

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

3. Under Armour Inc (NYSE:UA): Under Armour engages in the design, development, marketing, and distribution of apparel, footwear, and accessories for men, women, and youth worldwide. Under Armour has a market cap of $5.92 billion and is currently trading around $56.75 with a 52-week range of $26.31 to $58.48. The stock has gained 58.08% year to date.

According to SEC filing on August 07, 2012, Plank J Scott (EVP, Business Development) sold a total of 83,082 shares at a total value of $4,706,274, through Rule 10b5-1 trading plan. Over the past three months, there have been a total of 38 insider transactions with 22 Sell transactions. Key financial metrics for Under Armour is given below:

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

Other notable insider selling transactions (minimum of 8,000 shares) from mid-caps filed at the SEC on August 07, 2012, are as follows:

4. Unum Group (NYSE:UNM): Unum Group provides group and individual disability insurance products primarily in the United States and the United Kingdom. Unum Group has a market cap of $5.37 billion and is currently trading around $19.17 with a 52-week range of $18.28 to $25.00. The stock has fallen 9.02% year to date. According to SEC filing on August 07, 2012, Mccarthy Kevin P (EVP & Chief Operating Officer) sold a total of 20,000 shares at a total value of $385,168.

5. The Interpublic Group of Companies, Inc (NYSE:IPG): The Interpublic Group of Companies provides advertising and marketing services worldwide. Interpublic has a market cap of $4.56 billion and is currently trading around $10.43 with a 52-week range of $6.73 to $12.17. The stock has gained 7.19% year to date. According to SEC filing on August 07, 2012, Interpublic had two insiders combine sold a total of 16,303 shares at a total value of $174,391. Multiple insider selling are usually a negative sign.

6. Quanta Services Inc (NYSE:PWR): Quanta Services provides specialty contracting services primarily in North America. Quanta Services has a market cap of $5.14 billion and is currently trading around $24.56 with a 52-week range of $15.37 to $25.07. The stock has gained 14.02% year to date. According to SEC filing on August 07, 2012, Wood Patrick III (Director) sold a total of 14,928 shares at a total value of $367,320.

7. Trinity Industries, Inc (NYSE:TRN): Trinity Industries provides products and services to the industrial, energy, transportation, and construction sectors primarily in the United States, Canada, Mexico, the United Kingdom, Singapore, and Sweden. Trinity Industries has a market cap of $2.28 billion and is currently trading around $28.8 with a 52-week range of $19.10 to $36.09. The stock has fallen 4.19% year to date. According to SEC filing on August 07, 2012, McWhirter William A (Senior Vice President) sold a total of 14,702 shares at a total value of $428,269.

8. SEI Investments Company (NASDAQ:SEIC): SEI Investments is a publicly owned investment manager. The firm provides wealth management and investment advisory services to its clients through its subsidiaries. SEI has a market cap of $3.77 billion and is currently trading around $21.75 with a 52-week range of $13.73 to $21.87. The stock has gained 25.36% year to date. According to SEC filing on August 07, 2012, Doran William (Director) sold a total of 14,500 shares at a total value of $310,255.

9. Concur Technologies, Inc (NASDAQ:CNQR): Concur Technologies provides integrated travel and expense management solutions for companies of various industries, sizes, and geographies. Concur Technologies has a market cap of $3.71 billion and is currently trading around $67.66 with a 52-week range of $34.30 to $69.89. The stock has gained 33.22% year to date. According to SEC filing on August 07, 2012, Love John M (Chief Technology Officer) sold a total of 13,238 shares at a total value of $899,231.

10. Hologic, Inc (NASDAQ:HOLX): Hologic develops, manufactures, and supplies diagnostic, medical imaging systems, and surgical products for the healthcare needs of women. Hologic has a market cap of $5.24 billion and is currently trading around $19.78 with a 52-week range of $13.90 to $22.16. The stock has gained 12.96% year to date. According to SEC filing on August 07, 2012, Soltani Peter (SVP, Breast Health) sold a total of 8,435 shares at a total value of $166,210.

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

Disclosure: I have no positions in any stocks mentioned, but may initiate a short position in FIS over the next 72 hours.

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.