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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 14, 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 10 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. Reynolds American, Inc (NYSE:RAI): Reynolds American manufactures and sells cigarette and other tobacco products in the United States. Reynolds American has a market cap of $26.35 billion and is currently trading around $46.6 with a 52-week range of $34.54 to $46.93. The stock has gained 12.51% year to date.

According to SEC filing on August 14, 2012, Brown & Williamson Holdings, Inc (Beneficial Owner) sold a total of 630,660 shares at a total value of $28,991,440. Over the past three months, there have been a total of seven insider transactions and all of them are Sell transactions. Key financial metrics for Reynolds American are given below:

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

2. Regeneron Pharmaceuticals, Inc (NASDAQ:REGN): Regeneron Pharmaceuticals is a biopharmaceutical company that discovers, develops, and commercializes medicines for the treatment of serious medical conditions in the United States. Regeneron has a market cap of $13.06 billion and is currently trading around $135.94 with a 52-week range of $49.58 to $145.04. The stock has gained 145.19% year to date.

According to SEC filing on August 14, 2012, Ryan Arthur F (Director) sold a total of 10,000 shares at a total value of $1,361,500. Over the past three months, there have been a total of 15 insider transactions with 14 Sell transactions. Key financial metrics for Regeneron are given below:

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

3. Liberty Global, Inc (NASDAQ:LBTYA): Liberty Global provides video, broadband Internet, and telephony services primarily in Europe and Chile. Liberty Global has a market cap of $14.98 billion and is currently trading around $56.29 with a 52-week range of $32.06 to $56.81. The stock has gained 37.07% year to date.

According to SEC filing on August 14, 2012, Liberty Global had two insiders combine sold a total of 63,099 shares (including Series A, Series B, and Series C common stocks) at a total value of $3,370,739. Multiple insider selling are usually a negative sign. Over the past three months, there have been a total of 17 insider transactions with 7 Sell transactions. Key financial metrics for Liberty Global are 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 large-cap and mid-cap companies filed at the SEC on August 14, 2012, are as follows:

4. ON Semiconductor Corp (NASDAQ:ONNN): ON Semiconductor designs, manufactures, and markets semiconductor components for electronic systems and products worldwide. ON Semiconductor has a market cap of $3.07 billion and is currently trading around $6.86 with a 52-week range of $6.20 to $9.85. The stock has fallen 11.01% year to date. According to SEC filing on August 14, 2012, Colvin Donald A (Executive VP & CFO) sold a total of 200,000 shares at a total value of $1,373,027.

5. Molex Incorporated (NASDAQ:MOLX): Molex Inc engages in the design, manufacture, and sale of electronic components worldwide. Molex Inc has a market cap of $4.68 billion and is currently trading around $26.57 with a 52-week range of $18.81 to $28.46. The stock has gained 10.9% year to date. According to SEC filing on August 14, 2012, Molex had three insiders combine sold a total of 102,413 shares at a total value of $2,655,541 and some of these shares were sold through Rule 10b5-1 trading plan.

6. Validus Holdings, Ltd (NYSE:VR): Validus Holdings provides reinsurance and insurance coverage in the property, marine, and specialty lines markets worldwide. Validus Holdings has a market cap of $3.08 billion and is currently trading around $32.72 with a 52-week range of $23.24 to $33.53. The stock has gained 3.84% year to date. According to SEC filing on August 14, 2012, Mercer Stuart W (EVP, Chief Risk Officer) sold a total of 15,000 shares at a total value of $489,300.

7. HMS Holdings Corp (NASDAQ:HMSY): HMS Holdings provides cost containment services to government and private healthcare payers and sponsors. HMS Holdings has a market cap of $3.17 billion and is currently trading around $36.58 with a 52-week range of $22.41 to $37.10. The stock has gained 14.76% year to date. According to SEC filing on August 14, 2012, Dragonetti Christina (Chief Development Officer) sold a total of 12,000 shares at a total value of $423,000, through Rule 10b5-1 trading plan.

8. 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 $3.81 billion and is currently trading around $70.38 with a 52-week range of $34.30 to $70.42. The stock has gained 38.43% year to date. According to SEC filing on August 14, 2012, Concur Technologies had two insiders combine sold a total of 8,000 shares at a total value of $552,627.

9. Northeast Utilities System (NYSE:NU): Northeast Utilities is a public utility holding company, provides energy delivery services to residential, commercial, and industrial customers in Connecticut, New Hampshire, and Massachusetts. Northeast Utilities has a market cap of $12.29 billion and is currently trading around $38.99 with a 52-week range of $30.80 to $40.86. The stock has gained 8.07% year to date. According to SEC filing on August 14, 2012, McHale David R (EVP and Chief Admin Officer) sold a total of 10,000 shares at a total value of $394,200.

10. Skyworks Solutions Inc (NASDAQ:SWKS): Skyworks Solutions offers analog and mixed signal semiconductors worldwide. Skyworks Solutions has a market cap of $5.58 billion and is currently trading around $29.03 with a 52-week range of $13.72 to $30.10. The stock has gained 79.65% year to date. According to SEC filing on August 14, 2012, Tremallo Mark V B (VP, General Counsel & Secretary) sold a total of 8,000 shares at a total value of $234,720.

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 Large-Cap And Mid-Cap Insider Sells Filed On August 14