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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.

In this article, I will focus on notable insider buy transactions (market cap greater than $250 million) filed at the Securities and Exchange Commission on August 16, 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 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. Equity One, Inc (NYSE:EQY): Equity One is a real estate investment trust (REIT) that engages in the ownership, management, acquisition, renovation, and development of neighborhood and community shopping centers in the United States. Equity One has a market cap of $2.43 billion and is currently trading around $21.21 with a 52-week range of $14.57 to $22.16. The stock has gained 24.91% year to date.

According to the SEC filing on August 16, 2012, Katzman Chaim (Chairman) purchased a total of 500,000 shares at a total value of $10,600,000. On August 9, 2012, Equity One announced the pricing of its underwritten public offering of 4.1 million shares of its common stock and MGN ((NYSE:USA)) Inc, an entity affiliated with Equity One's largest stockholder, Gazit-Globe, Ltd, has agreed to purchase directly from the company an additional 500,000 shares of common stock. MGN Inc is a wholly owned subsidiary of Gazit-Globe. Mr. Katzman Chaim is the Chairman of the Board of Gazit-Globe. Please refer the footnote from Form 4 for more information on the ownership.

On August 16, 2012, Hetz Nathan (Director) sold a total of 1,000,000 shares at a total value of $21,030,000. This transaction reflects shares sold by AH Investments US, LP ("AH Investments"), an affiliate of the Reporting Person, in an underwritten public offering on August 14, 2012. Over the past three months, there have been a total of four insider transactions with one Buy transaction. Key financial metrics for Equity One are given below:

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

2. IMAX Corporation (NYSE:IMAX): IMAX Corporation operates as an entertainment technology company specializing in motion picture technologies and presentations worldwide. IMAX has a market cap of $1.39 billion and is currently trading around $21.07 with a 52-week range of $12.57 to $26.68. The stock has gained 14.95% year to date.

According to the SEC filing on August 16, 2012, Douglas Kevin, member of 13(d)(3) group, purchased a total of 300,000 shares at a total value of $6,280,790. Over the past three months, there have been a total of 21 insider transactions with 20 Buy transactions. Key financial metrics for IMAX are given below.

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

3. Air Transport Services Group Inc (NASDAQ:ATSG): Air Transport Services Group provides airline operations, aircraft leases, aircraft maintenance, and other support services primarily to the cargo transportation and package delivery industries. Air Transport Services Group has a market cap of $304.50 million and is currently trading around $4.74 with a 52-week range of $3.86 to $6.88. The stock has gained 0.42% year to date.

According to the SEC filing on August 16, 2012, Mesdag Willem (Beneficial Owner) purchased a total of 200,000 shares at a total value of $953,720. Please refer the footnote from Form 4 for more information on the ownership. Since August 8, 2012, Mesdag Willem purchased a total of 1,599,695 shares at a total value of $7,372,427. Over the past three months, there have been a total of 10 insider transactions and all of them are Buy transactions. Key financial metrics for Air Transport Services Group are given below:

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

Other notable insider buy transactions (minimum transaction value of $150,000) filed with the SEC on August 16, 2012 are as follows:

4. Mercer International Inc (NASDAQ:MERC): Mercer International engages in the manufacture and sale of northern bleached softwood kraft (NBSK) pulp primarily in North America, Europe, and Asia. Mercer International has a market cap of $262.27 million and is currently trading around $6.24 with a 52-week range of $5.05 to $9.73. The stock has gained 2.3% year to date. According to the SEC filing on August 16, 2012, Mercer International had two insiders combine purchased a total of 68,849 shares at a total value of $340,264. Multiple insider purchases are usually a positive sign.

5. Active Network Inc (NYSE:ACTV): Active Network provides organization-based cloud computing applications services to business customers in North America, Europe, and internationally. Active Network has a market cap of $688.13 million and is currently trading around $11.54 with a 52-week range of $11.03 to $17.74. The stock has fallen 15.15% year to date. According to the SEC filing on August 16, 2012, Grayson Bruns H (Director) purchased a total of 25,000 shares at a total value of $290,000.

6. Midstates Petroleum Company Inc (NYSE:MPO): Midstates Petroleum Company engages in oil and gas exploration and development. Midstates Petroleum has a market cap of $501.47 million and is currently trading around $7.55 with a 52-week range of $7.30 to $16.95. The stock has fallen 49.67% year to date. According to the SEC filing on August 16, 2012, Midstates Petroleum had two insiders combine purchased a total of 38,000 shares at a total value of $285,760. Multiple insider purchases are usually a positive sign.

7. Sonus Networks, Inc (NASDAQ:SONS): Sonus Networks provides infrastructure and subscriber solutions. It offers session border control (SBC), voice over Internet protocol (VoIP), and access and VoIP media gateway solutions that allow the delivery of voice and multimedia sessions over IP networks. Sonus Networks has a market cap of $517.98 million and is currently trading around $1.85 with a 52-week range of $1.56 to $3.11. The stock has fallen 22.92% year to date. According to the SEC filing on August 16, 2012, Empire Capital Management Llc (Beneficial Owner) purchased a total of 143,468 shares at a total value of $248,200.

8. Opko Health Inc (NYSE:OPK): Opko Health is a pharmaceutical and diagnostics company engaged in the discovery, development, and commercialization of novel and proprietary technologies, primarily in the United States, Chile, and Mexico. Opko Health has a market cap of $1.27 billion and is currently trading around $4.29 with a 52-week range of $3.52 to $5.85. The stock has fallen 12.45% year to date. According to the SEC filing on August 16, 2012, Frost Phillip Md Et Al (CEO & Chairman) purchased a total of 40,000 shares at a total value of $167,889.

9. Acme Packet, Inc (NASDAQ:APKT): Acme Packet provides session delivery network solutions that enable the delivery of voice, video, data, and unified communications services and applications across Internet protocol ((NYSE:IP)) networks. Acme Packet has a market cap of $1.20 billion and is currently trading around $17.46 with a 52-week range of $13.26 to $54.84. The stock has fallen 43.51% year to date. According to the SEC filing on August 16, 2012, Elsbree David B (Director) purchased a total of 9,500 shares at a total value of $160,475.

Source: 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 Insider Buys Filed On August 16