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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 17, 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. Google Inc (GOOG): Google is a technology company, maintains an index of Web sites and other online content for users, advertisers, and Google network members and other content providers. Google has a market cap of $221.45 billion and is currently trading around $677.14 with a 52-week range of $480.60 to $677.25. The stock has gained 4.84% year to date.

According to SEC filing on August 17, 2012, Shriram Kavitark Ram (Director) sold a total of 145,200 shares at a total value of $98,010,000, through Rule 10b5-1 trading plan. Over the past three months, there have been a total of 211 insider transactions with 112 Sell transactions. Key financial metrics for Google is given below:

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

2. F5 Networks, Inc (NASDAQ:FFIV): F5 Networks provides application delivery networking technology that optimizes the delivery of network-based applications, and the security, performance, and availability of servers, data storage devices, and other network resources in the Americas, EMEA, Japan, and the Asia Pacific. F5 Networks has a market cap of $8.18 billion and is currently trading around $103.56 with a 52-week range of $69.01 to $139.46. The stock has fallen 2.41% year to date.

According to SEC filing on August 17, 2012, F5 Networks had two insiders combine sold a total of 51,046 shares at a total value of $5,090,986, through Rule 10b5-1 trading plan. Multiple insider selling are usually a negative sign. Over the past three months, there have been a total of 15 insider transactions with 8 Sell transactions. Key financial metrics for F5 Networks is given below:

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

3. Jazz Pharmaceuticals plc (NASDAQ:JAZZ): Jazz Pharmaceuticals is a specialty biopharmaceutical company, focuses on the identification, development, and commercialization of pharmaceutical products to meet unmet medical needs. Jazz Pharmaceuticals has a market cap of $2.79 billion and is currently trading around $48.46 with a 52-week range of $33.26 to $54.50. The stock has gained 25.45% year to date.

According to SEC filing on August 17, 2012, Falberg Kathryn E (Executive Vice President and CFO) sold a total of 60,000 shares at a total value of $2,853,570. Over the past three months, there have been a total of 18 insider transactions with one sell transaction. Key financial metrics for Jazz Pharmaceuticals 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 transaction value of $200,000) from large-cap and mid-cap companies filed at the SEC on August 17, 2012, are as follows:

4. NetSuite Inc (N): NetSuite provides cloud-based financials/enterprise resource planning (ERP) software suites in the United States and internationally. NetSuite has a market cap of $4.04 billion and is currently trading around $56.93 with a 52-week range of $25.32 to $59.22. The stock has gained 40.39% year to date. According to SEC filing on August 17, 2012, NetSuite had six insiders combine sold a total of 36,990 shares at a total value of $2,076,063, through Rule 10b5-1 trading plan. Multiple insider selling are usually a negative sign.

5. C.R. Bard, Inc (NYSE:BCR): C. R. Bard Inc and its subsidiaries design, manufacture, package, distribute, and sell medical, surgical, diagnostic, and patient care devices worldwide. C.R. Bard Inc has a market cap of $8.25 billion and is currently trading around $98.4 with a 52-week range of $80.80 to $108.31. The stock has gained 15.09% year to date. According to SEC filing on August 17, 2012, Weiland John H (President and COO) sold a total of 15,554 shares at a total value of $1,530,896, through Rule 10b5-1 trading plan.

6. Douglas Emmett, Inc (NYSE:DEI): Douglas Emmett is a real estate investment trust, owns and operates office and multifamily properties in California and Hawaii. Douglas Emmett has a market cap of $3.30 billion and is currently trading around $23.64 with a 52-week range of $15.10 to $24.49. The stock has gained 29.61% year to date. According to SEC filing on August 17, 2012, Emmett Dan A (Chairman of the Board) sold a total of 40,000 shares at a total value of $948,760, through Rule 10b5-1 trading plan.

7. Rowan Companies plc (NYSE:RDC): Rowan Companies provides offshore oil and gas contract drilling services in the United States and internationally. Rowan Companies has a market cap of $4.46 billion and is currently trading around $35.91 with a 52-week range of $28.13 to $39.40. The stock has gained 18.4% year to date. According to SEC filing on August 17, 2012, Trent Melanie Montague (SVP, Chief Administrative Officer & Company Secretary) sold a total of 10,000 shares at a total value of $359,596.

8. Western Refining, Inc (NYSE:WNR): Western Refining Inc operates as an independent crude oil refiner and marketer of refined products. Western Refining has a market cap of $2.48 billion and is currently trading around $27.26 with a 52-week range of $11.17 to $27.42. The stock has gained 105.12% year to date. According to SEC filing on August 17, 2012, Hogan Brian John (Director) sold a total of 10,000 shares at a total value of $271,094.

9. Raytheon Company (NYSE:RTN): Raytheon Company designs, develops, manufactures, integrates, and supports technological products, services, and solutions for governmental and commercial customers in the United States and internationally. Raytheon Company has a market cap of $18.67 billion and is currently trading around $56.23 with a 52-week range of $38.35 to $56.92. The stock has gained 16.23% year to date. According to SEC filing on August 17, 2012, Clark Vernon E (Director) sold a total of 4,394 shares at a total value of $246,751.

10. Arch Capital Group Ltd (NASDAQ:ACGL): Arch Capital Group Ltd provides insurance and reinsurance products worldwide. Arch Capital Group Ltd has a market cap of $5.42 billion and is currently trading around $39.79 with a 52-week range of $30.93 to $40.45. The stock has gained 6.88% year to date. According to SEC filing on August 17, 2012, Hele John C.R. (Executive Vice Presidernt, CFO & Treasurer) sold a total of 5,066 shares at a total value of $200,363 and these shares were sold in order to satisfy state and federal tax obligations.

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: 10 Notable Large-Cap And Mid-Cap Insider Sells Filed On August 17