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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 insights into the growth of the company and its proceedings. While there are many reasons for insiders to sell their shares, there is only one reason to buy. That said, investors generally look for insiders selling patterns to get better insights into a company.

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 13, 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. DDR Corp (NYSE:DDR): DDR Corp operates as a real estate investment trust (REIT) in the United States. The company engages in acquiring, developing, redeveloping, owning, leasing, and managing shopping centers, mini-malls, and lifestyle centers. DDR Corp has a market cap of $4.55 billion and is currently trading around $14.97 with a 52-week range of $9.76 to $15.16. The stock has gained 23.01% year to date.

According to SEC filings on August 13, 2012, DDR Corp had two insiders combine sold a total of 276,519 shares at a total value of $4,122,820. Multiple insider selling are usually a negative sign. Over the past three months, there have been a total of 18 insider transactions with 13 Sell transactions. The key financial metrics for DDR Corp are given below:

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

2. The Middleby Corporation (NASDAQ:MIDD): Middleby engages in the design, manufacture, marketing, distribution, and service of commercial foodservice and food processing equipment in the United States, Canada, Asia, Europe, the Middle East, and Latin America. Middleby has a market cap of $2.18 billion and is currently trading around $116.64 with a 52-week range of $65.39 to $119.74. The stock has gained 24.03% year to date.

According to SEC filings on August 13, 2012, Middleby had two insiders combine sold a total of 146,627 shares at a total value of $15,873,469, through Rule 10b5-1 trading plan. Over the past three months, there have been a total of 6 insider transactions and all of them are Sell transactions. The key financial metrics for Middleby are given below:

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

3. Google Inc (NASDAQ:GOOG): Google is a global technology company focused on improving the ways people connect with information. Google has a market cap of $215.84 billion and is currently trading around $660.01 with a 52-week range of $480.60 to $670.25. The stock has gained 2.18% year to date.

According to SEC filings on August 13, 2012, Shriram Kavitark Ram (Director) sold a total of 50,200 shares at a total value of $32,635,241, through Rule 10b5-1 trading plan. Over the past three months, there have been a total of 203 insider transactions with 107 Sell transactions. The key financial metrics for Google are given below:

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

Other notable insider selling transactions (minimum of 10,000 shares) from large-cap and mid-cap companies filed at the SEC on August 13, 2012 are as follows:

4. Skyworks Solutions Inc (NASDAQ:SWKS): Skyworks Solutions offers analog and mixed signal semiconductors worldwide. Skyworks Solutions has a market cap of $5.61 billion and is currently trading around $29.39 with a 52-week range of $13.72 to $30.10. The stock has gained 81.2% year to date. According to SEC filings on August 13, 2012, Aldrich David J (President and CEO) sold a total of 38,969 shares at a total value of $1,130,491.

5. Linn Energy, LLC (NASDAQ:LINE): Linn Energy is an independent oil and natural gas company, engages in the acquisition and development of oil and gas properties. Linn Energy has a market cap of $7.73 billion and is currently trading around $38.75 with a 52-week range of $31.03 to $40.80. The stock has gained 2.22% year to date. According to SEC filings on August 13, 2012, Rottino David B (SVP and CAO) sold a total of 20,000 shares at a total value of $777,180.

6. Colfax Corporation (NYSE:CFX): Colfax Corporation designs, manufactures, installs, maintains, and sells gas-and fluid-handling and fabrication technology products and services to commercial and governmental customers worldwide. Colfax has a market cap of $1.46 billion and is currently trading around $33.66 with a 52-week range of $17.90 to $37.64. The stock has gained 18.19% year to date. According to SEC filings on August 13, 2012, Roller William E (EVP, Colfax Fluid Handling) sold a total of 16,875 shares at a total value of $545,339.

7. Eastman Chemical Company (NYSE:EMN): Eastman Chemical Company engages in the manufacture and sale of chemicals, plastics, and fibers in the United States and internationally. Eastman Chemical Company has a market cap of $7.52 billion and is currently trading around $54.39 with a 52-week range of $32.44 to $55.53. The stock has gained 39.25% year to date. According to SEC filings on August 13, 2012, Costa Mark J (Executive Vice President) sold a total of 15,000 shares at a total value of $813,300.

8. Bristol-Myers Squibb Company (NYSE:BMY): Bristol-Myers Squibb Company is a biopharmaceutical company, engages in the discovery, development, licensing, manufacturing, marketing, distribution, and sale of biopharmaceutical products that help patients prevail over serious diseases worldwide. Bristol-Myers has a market cap of $53.01 billion and is currently trading around $31.57 with a 52-week range of $27.60 to $36.34. The stock has fallen 10.41% year to date. According to SEC filings on August 13, 2012, Cornelius James M (Director) sold a total of 10,000 shares at a total value of $318,050, through Rule 10b5-1 trading plan.

9. Brunswick Corporation (NYSE:BC): Brunswick Corporation designs, manufactures, and markets recreation products worldwide. Brunswick Corporation has a market cap of $2.01 billion and is currently trading around $22.52 with a 52-week range of $13.19 to $27.40. The stock has gained 24.7% year to date. According to SEC filings on August 13, 2012, Dunaway Cambria W (Director) sold a total of 10,000 shares at a total value of $225,743.

10. International Paper Company (NYSE:IP): International Paper Company operates as a paper and packaging company in North America, Europe, Latin America, Russia, Asia, and north Africa. International Paper has a market cap of $14.84 billion and is currently trading around $33.94 with a 52-week range of $21.55 to $36.50. The stock has gained 14.66% year to date. According to SEC filings on August 13, 2012, Laschinger Mary A (Senior Vice President) sold a total of 10,000 shares at a total value of $330,700.

11. Linear Technology Corporation (NASDAQ:LLTC): Linear Technology designs, manufactures, and markets various analog integrated circuits worldwide. Linear Technology has a market cap of $7.63 billion and is currently trading around $33.14 with a 52-week range of $26.16 to $34.50. The stock has gained 10.36% year to date. According to SEC filings on August 13, 2012, Dobkin Robert C (VP of Engineering and CTO) sold a total of 10,000 shares at a total value of $330,000.

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 13