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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 insider selling patterns to get better insights into a company.

In this article, I will focus on notable insider sell transactions (market cap greater than $250 million) filed at the Securities and Exchange Commission on October 15, 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. FactSet Research Systems Inc (NYSE:FDS): FactSet Research Systems provides financial and economic information to investment community worldwide. FactSet has a market cap of $4.14 billion and is currently trading around $92.99 with a 52-week range of $85.38 to $109.20. The stock has gained 6.54% year to date.

According to SEC filing on October 15, 2012, Hadley Philip A (CEO & Chairman) sold a total of 102,700 shares at a total value of $9,632,295. 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 FactSet is given below:

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

2. Cracker Barrel Old Country Store Inc (NASDAQ:CBRL): Cracker Barrel Old Country Store engages in the development and operation of the Cracker Barrel Old Country Store restaurant and retail concept in the United States. Its restaurants provide breakfast, lunch, and dinner. Cracker Barrel has a market cap of $1.58 billion and is currently trading around $66.85 with a 52-week range of $38.96 to $69.30. The stock has gained 31.85% year to date.

According to SEC filing on October 15, 2012, Woodhouse Michael A (Director) sold a total of 47,714 shares at a total value of $3,183,971, through Rule 10b5-1 trading plan. Please refer the footnotes from Form 4 for more information on the ownership. Over the past three months, there have been a total of 40 insider transactions with 27 Sell transactions. Key financial metrics for Cracker Barrel is given below:

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

3. JPMorgan Chase & Co (NYSE:JPM): JPMorgan Chase & Co is a financial holding company, provides various financial services worldwide. JPMorgan Chase has a market cap of $160.99 billion and is currently trading around $42.38 with a 52-week range of $28.28 to $46.49. The stock has gained 27.46% year to date.

According to SEC filing on October 15, 2012, Cavanagh Michael J (Executive Vice President) sold a total of 40,000 shares at a total value of $1,679,948. Over the past three months, there have been a total of 28 insider transactions with 13 Sell transactions. Key financial metrics for JPMorgan Chase 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) filed at the SEC on October 15, 2012, are as follows:

4. Oxford Industries Inc (NYSE:OXM): Oxford Industries Inc designs, sources, and markets apparel products under the company-owned lifestyle brands, and licensed and private label brands. Oxford Industries has a market cap of $909.58 million and is currently trading around $54.86 with a 52-week range of $33.61 to $59.36. The stock has gained 21.59% year to date. According to SEC filing on October 15, 2012, Oxford Industries had two insiders combine sold a total of 20,180 shares at a total value of $1,101,982.

5. Team Inc (NYSE:TISI): Team Inc provides specialty maintenance and construction services for maintaining high temperature and high pressure piping systems and vessels that are primarily utilized in heavy industries. Team Inc has a market cap of $658.46 million and is currently trading around $32.89 with a 52-week range of $23.96 to $34.00. The stock has fallen 0.45% year to date. According to SEC filing on October 15, 2012, Williams Sidney B (Director) sold a total of 31,000 shares at a total value of $1,014,160.

6. Ixia (NASDAQ:XXIA): Ixia supplies converged network and application performance testing solutions in the United States and internationally Ixia has a market cap of $1.19 billion and is currently trading around $16.35 with a 52-week range of $9.01 to $17.40. The stock has gained 55.57% year to date. According to SEC filing on October 15, 2012, Addington Hills Ltd (Beneficial Owner) sold a total of 40,000 shares at a total value of $661,932. Please refer the footnotes from Form 4 for more information on the ownership.

7. 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 $56.97 billion and is currently trading around $33.93 with a 52-week range of $30.10 to $36.34. The stock has fallen 3.72% year to date. According to SEC filing on October 15, 2012, Cornelius James M (Director) sold a total of 20,000 shares at a total value of $661,400, through Rule 10b5-1 trading plan.

8. BlackRock Kelso Capital Corporation (NASDAQ:BKCC): BlackRock Kelso Capital Corporation is a private equity firm specializing in investments in middle market companies. Blackrock Kelso Capital Corp has a market cap of $737.74 million and is currently trading around $10.01 with a 52-week range of $7.79 to $10.60. The stock has gained 23.58% year to date. According to SEC filing on October 15, 2012, Virginia Retirement Systems Et Al (Beneficial Owner) sold a total of 59,276 shares at a total value of $593,922.

9. Wright Express Corp (WXS): Wright Express Corporation provides business payment processing and information management solutions in North America, the Asia Pacific, and Europe. Wright Express Corp has a market cap of $2.73 billion and is currently trading around $70.55 with a 52-week range of $42.03 to $75.10. The stock has gained 29.97% year to date. According to SEC filing on October 15, 2012, Wright Express Corp had two insiders combine sold a total of 4,844 shares at a total value of $336,041, through Rule 10b5-1 trading plan.

10. Cimarex Energy Co (NYSE:XEC): Cimarex Energy operates as an independent oil and gas exploration and production company primarily in Texas, Oklahoma, New Mexico, and Kansas. Cimarex Energy has a market cap of $5.24 billion and is currently trading around $60.94 with a 52-week range of $46.19 to $87.85. The stock has fallen 1.55% year to date. According to SEC filing on October 15, 2012, Korus Paul (Senior Vice President, CFO) sold a total of 4,000 shares at a total value of $244,405.

11. Iridium Communications Inc (NASDAQ:IRDM): Iridium Communications provides mobile voice and data communications services through satellites to businesses, the U.S. and foreign governments, non-governmental organizations, and consumers worldwide. Iridium Communications has a market cap of $537.31 million and is currently trading around $7.26 with a 52-week range of $5.54 to $9.73. The stock has fallen 5.84% year to date. According to SEC filing on October 15, 2012, Greenhill & Co Inc (NYSE:GHL), Director by Deputization sold a total of 30,000 shares at a total value of $220,445, through Rule 10b5-1 trading plan.

Sources: Some of the data is sourced from Google Finance, Nasdaq, Finviz, Fidelity, and SEC.gov.

Source: Notable Insider Sells Filed On October 15

Additional disclosure: I change my positions very frequently and may initiate either long or short positions in the above mentioned stocks at any time.