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There are many different strategies to trade stocks and one of them is to find the 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 from mid-cap and large-cap companies (market cap greater than $2 billion) filed at the Securities and Exchange Commission on August 08, 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 Insider: Corporate insiders are either a company's officers, directors, or any beneficial owners of more than ten percent 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 whenand 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. Philip Morris International Inc (PM): Philip Morris International manufactures and sells cigarettes and other tobacco products. Philip Morris has a market cap of $156.52 billion and is currently trading around $91.77 with a 52-week range of $60.45 to $93.15. The stock has gained 16.93% year to date.

According to SEC filing on August 08, 2012, Philip Morris had three insiders combine sold a total of 82,487 shares at a total value of $7,631,134. Multiple insider selling are usually a negative sign. Over the past three months, there have been a total of five insider transactions with four Sell transactions. Key financial metrics for Philip Morris is given below:

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

2. Stryker Corporation (SYK): Stryker Corporation operates as a medical technology company. Stryker has a market cap of $20.16 billion and is currently trading around $52.99 with a 52-week range of $43.73 to $57.15. The stock has gained 6.6% year to date.

According to SEC filing on August 08, 2012, Stryker Ronda E (Director) sold a total of 27,000 shares at a total value of $1,431,267, through Rule 10b5-1 trading plan. Over the past three months, there have been a total of 66 insider transactions and all of them are Sell transactions. Key financial metrics for Stryker is given below:

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

3. Liberty Global Inc (LBTYA): Liberty Global provides video, broadband Internet, and telephony services primarily in Europe and Chile. Liberty Global has a market cap of $14.61 billion and is currently trading around $54.89 with a 52-week range of $32.06 to $55.40. The stock has gained 33.78% year to date.

According to SEC filing on August 08, 2012, Bracken Charles H R (EVP & Co-CFO) sold a total of 12,563 shares at a total value of $687,888. Over the past three months, there have been a total of 16 insider transactions with 6 Sell transactions. Key financial metrics for Liberty Global is given below:

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

Other notable transactions (minimum of 5,000 shares) insider selling transactions from large-cap and mid-cap companies filed at the SEC on August 08, 2012 are as follows:

4. Western Refining, Inc (WNR): Western Refining operates as an independent crude oil refiner and marketer of refined products. Western Refining has a market cap of $2.40 billion and is currently trading around $26.45 with a 52-week range of $11.17 to $26.80. The stock has gained 99.02% year to date. According to SEC filing on August 08, 2012, Western Refining had two insiders combine sold a total of 120,000 shares at a total value of $3,027,940. Multiple insider selling are usually a negative sign.

5. MSC Industrial Direct Co Inc (MSM): MSC Industrial Direct operates as a direct marketer and distributor of metalworking and maintenance, repair, and operations (MRO) products to industrial customers in the United States. MSC Industrial Direct has a market cap of $4.41 billion and is currently trading around $70.26 with a 52-week range of $49.72 to $84.76. The stock has fallen 1.8% year to date. According to SEC filing on August 08, 2012, MSC Industrial Direct had two insiders combine sold a total of 50,000 shares at a total value of $3,525,000.

6. SEI Investments Company (SEIC): SEI Investments Company is a publicly owned investment manager. SEI has a market cap of $3.76 billion and is currently trading around $21.68 with a 52-week range of $13.73 to $21.87. The stock has gained 24.96% year to date. According to SEC filing on August 08, 2012, Klauder N Jeffrey (Executive Vice President) sold a total of 30,000 shares at a total value of $653,400.

7. Buckeye Partners, L.P. (BPL): Buckeye Partners owns and operates refined petroleum products pipeline systems in the United States. Buckeye Partners has a market cap of $5.26 billion and is currently trading around $53.8 with a 52-week range of $44.55 to $68.45. The stock has fallen 15.91% year to date. According to SEC filing on August 08, 2012, Muslih Khalid A (SVP, Corp. Dev. & Strategic Planning) sold a total of 8,000 shares at a total value of $428,905, through Rule 10b5-1 trading plan.

8. National Instruments Corp (NATI): National Instruments 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 $3.19 billion and is currently trading around $26.36 with a 52-week range of $21.32 to $28.98. The stock has gained 1.58% year to date. According to SEC filing on August 08, 2012, Kodosky Jeffrey L (Director) sold a total of 8,000 shares at a total value of $209,034, through Rule 10b5-1 trading plan.

9. Linear Technology Corporation (LLTC): Linear Technology Corporation designs, manufactures, and markets various analog integrated circuits worldwide. Linear Technology Corporation has a market cap of $7.56 billion and is currently trading around $32.86 with a 52-week range of $25.41 to $34.50. The stock has gained 9.42% year to date. According to SEC filing on August 08, 2012, Coghlan Paul (Vice President Finance & CFO) sold a total of 7,500 shares at a total value of $247,500.

10. Murphy Oil Corporation (MUR): Murphy Oil Corporation, through its subsidiaries, engages in the exploration and production of oil and gas properties worldwide. Murphy Oil Corporation has a market cap of $10.73 billion and is currently trading around $55.28 with a 52-week range of $40.41 to $65.60. The stock has fallen 0.83% year to date. According to SEC filing on August 08, 2012, Stobaugh Billy H (Executive Vice President) sold a total of 5,824 shares at a total value of $318,165.

11. Liberty Property Trust (LRY): Liberty Property Trust is a publicly owned real estate investment holding trust. Liberty Property Trust has a market cap of $4.22 billion and is currently trading around $35.8 with a 52-week range of $26.06 to $37.80. The stock has gained 15.93% year to date. According to SEC filing on August 08, 2012, Alburger George J Jr (Executive Vice President, CFO) sold a total of 5,000 shares at a total value of $179,925.

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 Large-Cap And Mid-Cap Insider Sells Filed On August 8