Highlights of Significant Insider Transactions Last Week of July

by: Scott's Investments

Highlight's of 'signficant' insider transactions by FINVIZ.COM for the last week of July show insider selling significantly outpacing purchasing. For the last week top sales outpaced top purchases by a significant factor, however, the list is not a comprehensive list of buy / sell transactions. As Mark Hulbert notes insider trades have selling "at a greater pace than at any time since the top of the bull market in the fall of 2007." In addition,

One is the Vickers Weekly Insider Report, published by Argus Research. In their latest issue, received Monday afternoon, Vickers reported that the ratio of insider selling to insider buying last week was 4.16-to-1, the highest the ratio has been since October 2007.

I don't need to remind you that the 2002-2007 bull market topped out that month.

To put the insiders' recent selling into context, consider that in late April, the last time I devoted a column to the behavior of insiders (and when the rally that began on March 9 was still only six weeks old), the comparable eight-week sell-to-buy ratio was just 0.72-to-1 .

To be sure, the weekly insider data can be volatile, especially during periods like the summer, in which the overall volume of insider transactions can be quite light. That is one of the reasons why Vickers also calculates an eight-week average of the insider sell-to-buy ratio, and it currently stands at 2.69-to-1. That's the highest that this eight-week ratio has been since November 2007.


The scale of this selling is certainly not a 'green shoot' if we are to follow the lead of the insiders. Insider transactions can occur for a variety of reasons and sales are not necessarily always indicative of insider sentiment. However, it is in no way a reassuring sign for already uneasy investors.

Sales:

Ticker Owner Relationship Date #Shares Value ($) #Shares Total
RS GIMBEL THOMAS W Director 07/28/09 3500000 123550000 4896180
DHR RALES STEVEN M Chairman 07/30/09 720000 44265600 7287370
ORCL PHILLIPS JR CHARLES E President 07/30/09 1500000 33399300 5000
AAPL JOHNSON RONALD B Senior Vice President 07/29/09 204842 32774720 232875
AAPL Forstall Scott J Senior Vice President 07/24/09 131203 20731654 0
SYK STRYKER RONDA E Director 07/24/09 500000 19658350 18256682
ORCL BLOCK KEITH Executive Vice President-Ops 07/29/09 875000 19215000 10532
DHR RALES STEVEN M Chairman 07/31/09 280000 17267600 7007370
DHR KNISELY PHILIP Executive Vice President 07/30/09 265000 16396875 5010
BXP ZUCKERMAN MORTIMER B Chairman of the Board 07/27/09 299667 15930298 2237881
BXP LINDE EDWARD H CEO 07/27/09 300000 15870000 416503
BXP ZUCKERMAN MORTIMER B Chairman of the Board 07/28/09 293851 15653443 1944030
APOL SPERLING JOHN G Exec Chrmn of the Board 07/30/09 200000 13948918 12320991
SYK STRYKER RONDA E Director 07/28/09 320000 12471616 17816682
APOL SPERLING JOHN G Exec Chrmn of the Board 07/24/09 165000 11041425 12770991
APOL SPERLING JOHN G Exec Chrmn of the Board 07/28/09 150000 10044930 12620991
GILD BISCHOFBERGER NORBERT W EVP, R&D and CSO 07/24/09 180448 8661324 1050156
DGX MOHAPATRA SURYA N Chairman, President & CEO 07/23/09 152000 8444700 225202
JNPR KRIENS SCOTT Chairman of the Board 07/28/09 300000 7882680 8681672
WYNN SCHORR MARC D Chief Operating Officer 07/31/09 150000 7350000 173723
AAPL JOHNSON RONALD B Senior Vice President 07/28/09 45158 7226319 232875
VFC SHEARER ROBERT K CFO 07/27/09 110000 7137130 57540
APOL SPERLING JOHN G Exec Chrmn of the Board 07/29/09 100000 6962970 12520991
PMCS BAILEY ROBERT L Director 07/24/09 733200 6606132 30222
AAPL MANSFIELD ROBERT J Senior Vice President 07/24/09 40000 6353600 17576
AAPL DREXLER MILLARD S Director 07/27/09 40000 6341200 20000
DGX HAGEMANN ROBERT SVP & Chief Financial Officer 07/23/09 112218 6240214 85803
CCI KELLY JOHN P Executive Vice Chairman 07/30/09 200000 5800000 1031348
ORCL ROZWAT CHARLES Executive Vice President-Ops 07/30/09 250000 5603875 31775
ORCL Rottler Juergen Executive Vice President 07/27/09 250000 5480000 5000
CTXS LEVINE PETER SVP, Virtualization & Mgt 07/24/09 150000 5301495 5838
STAR Sirota Gennady H V.P. Product Management 07/28/09 229323 5216462 9672
JNPR KRIENS SCOTT Chairman of the Board 07/30/09 200000 5209500 8481672
IRM RYAN VINCENT J Director 07/29/09 150000 4773795 6051361
GWW KEYSER RICHARD L Chairman Emeritus 07/28/09 54300 4739766 286984
BNI ROSE MATTHEW K Chairman, Pres. and CEO 07/27/09 60497 4733400 602094
SYK STRYKER RONDA E Director 07/27/09 120000 4709604 18136682
NVR SEREMET DENNIS M Chief Financial Officer 07/27/09 7500 4623525 40877
EQIX VAN CAMP PETER Director 07/23/09 57314 4585120 63478
INTU BENNETT STEPHEN M Director 07/30/09 145029 4350870 813
DGX PREVOZNIK MICHAEL E SVP & General Counsel 07/29/09 68000 3748228 44118
CMG Ells Steve Chairman & Co-CEO 07/28/09 39300 3702616 55100
GSIC RUBIN MICHAEL CEO and President 07/30/09 200000 3591380 6180812
ISRG SMITH LONNIE M CEO 07/27/09 15000 3264773 413931
APOL SPERLING PETER V Vice Chrmn of the Board 07/29/09 46400 3168747 5256326
HPQ ROBISON SHANE V EVP & Chief Strategy & Tech 07/23/09 75000 3112500 22838
HCSG MCCARTNEY DANIEL P Chief Executive Officer 07/29/09 158815 2982228 2538956
IRM RYAN VINCENT J Director 07/28/09 94018 2909782 6201361
NVR SCHAR DWIGHT C Director 07/27/09 4351 2679868 5013
WTS HORNE TIMOTHY P Director 07/29/09 100000 2619770 5869
QCOM ALTMAN STEVEN R President 07/27/09 56000 2619338 131734
KMB Bauer Joanne B President, K-C Healthcare 07/24/09 44865 2597698 14495
GWW KEYSER RICHARD L Chairman Emeritus 07/28/09 28902 2532197 231825
ITW MCCORMACK ROBERT C Director 07/27/09 62100 2515621 6145768
ALXN DUBIN THOMAS I H SVP & General Counsel 07/27/09 58044 2481381 6063
LTM Akradi Bahram Chairman and CEO 07/29/09 95000 2470950 2251972
HCBK KRANZ JAMES C Executive Vice President 07/24/09 179859 2467665 229218
TUP DRAKE R GLENN Group President 07/24/09 70000 2335240 9143
SLGN ALLOTT ANTHONY J President and CEO 07/27/09 45000 2313009 158312
GWW KEYSER RICHARD L Chairman Emeritus 07/28/09 26257 2295825 260727
ORLY OREILLY LAWRENCE P Director 07/30/09 50000 2125000 833332
LCAPA BENNETT ROBERT R Director 07/23/09 78250 2106881 131260
NVR Henley Robert W Controller 07/27/09 3363 2076373 137
CELG ROBB WALTER L Director 07/27/09 37500 2049938 12648
LCAPA BENNETT ROBERT R Director 07/24/09 74300 2031882 109266
STJ Fain Eric S President, CRMD 07/24/09 52500 1984164 59434
STJ STARKS DANIEL J President, CEO & Chairman 07/28/09 50000 1947500 6304792
SLXP Flynn James E Possible Member of 10% Group 07/27/09 144229 1890842 2261473
GWW KEYSER RICHARD L Chairman Emeritus 07/28/09 20741 1807867 341284
LCAPA BENNETT ROBERT R Director 07/27/09 65000 1794975 44266
ACM Bong Francis S Y Director 07/23/09 54100 1767595 848732
ISRG MCNAMARA JEROME J EVP WW Sales & Mktg 07/28/09 8000 1764640 1785
AXP SCHICK THOMAS A EVP-Corp. Affairs 07/27/09 60000 1751400 78346
EQIX CROSSLINK CAPITAL INC Affiliate of Director 07/29/09 22400 1750457 679865
TUP GARCIA LILLIAN D EVP, Chief HR Officer 07/24/09 50500 1689007 15569
LCAPA BENNETT ROBERT R Director 07/23/09 61750 1677686 183566
IBM IWATA JON C Senior Vice President 07/30/09 14032 1664259 22646
CMG Ells Steve Chairman & Co-CEO 07/24/09 18300 1656150 55100
CLX PEIROS LARRY Executive VP-COO North America 07/28/09 27503 1650840 21504
CHRW WIEHOFF JOHN CEO 07/24/09 30000 1620879 228440
IRM RYAN VINCENT J Director 07/23/09 52192 1592467 6349169
LNCR BYRNE FRANK D Director 07/29/09 60000 1574400 7600
ELS WALKER HOWARD Vice Chairman of the Board 07/28/09 38000 1550883 34145
SOMX Boxer Capital, LLC Member of 13(d) group 07/27/09 500000 1550000 971489
SMOD SHAH AJAY B Director 07/28/09 593000 1541800 744086
CWTR PENCE DENNIS C Director 07/27/09 232500 1531501 13825807
SY CAPELLI STEVEN M President - WWFO 07/27/09 42907 1518572 115892
ELS WALKER HOWARD Vice Chairman of the Board 07/27/09 36757 1504810 72145
CLX PEIROS LARRY Executive VP-COO North America 07/29/09 25000 1502553 21504
SLAB BOCK WILLIAM G CFO 07/29/09 35000 1499061 99501
JDAS USIE WAYNE Sr. VP of Retail 07/23/09 71864 1479567 5473
BLL HOOVER R DAVID CHAIRMAN, PRESIDENT & CEO 07/27/09 30000 1476663 202188
AMED GRAHAM LARRY R COO and President 07/30/09 35763 1473667 1325
IRM RYAN VINCENT J Director 07/24/09 47808 1458656 6301361
QCOM JACOBS PAUL E Chairman & CEO 07/27/09 30600 1431281 1061814
BNI ROSE MATTHEW K Chairman, Pres. and CEO 07/28/09 18323 1421874 602094
MHS SMITH JACK ALLEN SVP, Chief Marketing Officer 07/29/09 27000 1408590 114371
TUP TIMMERMAN JOSE R SVP, Supply Chain, Worldwide 07/24/09 40700 1362154 22149
CFR FROST PATRICK B Pres., The Frost National Bank 07/30/09 28683 1358134 144730
APOL SPERLING JOHN G Exec Chrmn of the Board 07/27/09 20311 1345843 12770991
WERN WERNER GREGORY L President & CEO 07/27/09 75000 1340100 3302961
ACN FLOTHER KARL HEINZ Grp Chief Exec-Sys Int & Tech 07/23/09 37880 1325800 248532
GSIC MILLER ARTHUR H EVP and General Counsel 07/30/09 75000 1312500 90449
INT STEBBINS PAUL H Chief Executive Officer 07/30/09 29500 1282822 330590
QCOM JACOBS IRWIN M Director 07/27/09 27200 1278400 4372772
LCAPA MALONE JOHN C Chairman of the Board 07/27/09 203679 1272994 2356105
JDAS ARMSTRONG JAMES D Director 07/28/09 62500 1256751 1242541
WERN WERNER GARY L Vice Chairman 07/27/09 70000 1252251 1573086
GWW KEYSER RICHARD L Chairman Emeritus 07/28/09 13424 1186287 187025
VFC CUMMINGS CANDACE S VP Admin & General Counsel 07/29/09 17998 1170926 19972
LCAPA BENNETT ROBERT R Director 07/24/09 40700 1113023 90560
GWW KEYSER RICHARD L Chairman Emeritus 07/28/09 12500 1097056 219325
SYMC THOMPSON JOHN WENDELL Director 07/27/09 60000 1025190 1529258
SWKS ALDRICH DAVID J President and CEO 07/24/09 85000 1020500 480460
GLW GREGG KIRK P Exec. VP & Chief Admin.Officer 07/29/09 59960 1005966 266465
ATHR LAZAR JACK R Chief Financial Officer and VP 07/30/09 40000 1000400 50479
SY CHEN JOHN S Chairman CEO and President 07/30/09 27500 990000 496814
TUP HALVERSEN DAVID T Group President 07/24/09 28500 983496 14094
ESI DEAN JOHN E Director 07/31/09 10000 981113 24056
SLXP Flynn James E Possible Member of 10% Group 07/28/09 75448 979315 2186025
JDAS Bridge G Michael Gen'l Counsel; SVP; Secretary 07/23/09 47134 970424 6552
LCAPA BENNETT ROBERT R Director 07/27/09 35000 966525 55560
APD HUCK PAUL E Sr. V.P. CFO 07/27/09 13000 960473 50287
COF Berson Jory A Chief Human Resources Officer 07/27/09 31596 952872 157465
RPM SULLIVAN FRANK C Chairman and CEO 07/29/09 60000 946374 685257
TQNT RILEY GLEN A VICE PRESIDENT 07/24/09 140834 946304 16700
APD Sherman Scott A Sr. V.P. and G.M. 07/29/09 13000 933420 32926
LCAPA BENNETT ROBERT R Director 07/28/09 32800 912562 11466
CMG Anderson Robin S Controller/Chief Accntng Offcr 07/24/09 10000 910200 4000
AMED GRAHAM LARRY R COO and President 07/30/09 21827 897725 9710
ORCL Daley Dorian SVP, Gen'l Counsel, Secretary 07/30/09 40000 889608 36128
ILMN FLATLEY JAY T President & CEO 07/23/09 25000 889195 653825
INT STEBBINS PAUL H Chief Executive Officer 07/28/09 20500 879868 360090
ORCL LUCAS DONALD L Director 07/23/09 40000 871200 0
JJSF SHREIBER GERALD B President and CEO 08/28/09 20000 859360 163535
ACM NEWMAN RICHARD G Chairman 07/23/09 26292 856538 70773
GWW KEYSER RICHARD L Chairman Emeritus 07/28/09 9715 856337 200449
IDCC KIERNAN BRIAN G Executive VP, Standards 07/24/09 30000 840000 40525
ELNK DOTTS KEVIN M Chief Financial Officer 07/29/09 100000 828000 113077
LL TA ASSOCIATES INC Director 07/27/09 50000 824250 3177
LL TA ASSOCIATES INC Director 07/28/09 50000 821485 3031
JEC THAWERBHOY NAZIM G Senior Vice President 07/31/09 20000 817000 50000
LL TA ASSOCIATES INC Director 07/29/09 50000 811170 2892
GWW HOBOR NANCY A Sr VP-Communications & Inv Rel 07/30/09 9000 810000 27438
STAR Kathuria Vijay V.P. & G.M. India 07/28/09 35000 806333 22300
GWW KEYSER RICHARD L Chairman Emeritus 07/28/09 9161 805587 210164
DGX Miller Joan Elizabeth SVP-Pathology & Hosp. Services 07/28/09 14300 803660 64351
LTM Akradi Bahram Chairman and CEO 07/30/09 29700 801900 2222272
ECL BELL LAWRENCE T General Counsel and Secretary 07/30/09 19100 792650 119942
GSIC MINTZER DAMON EVP, Sales 07/30/09 45000 792396 72858
LII BYRNE JAMES J Director 07/24/09 22522 791636 38982
NUVA Rydin Jeffrey P Senior V.P., U.S. Sales 07/27/09 19000 780756 1914
WOOF Drake Josh President, Antech Diagnostics 07/28/09 30000 780000 29000
KMX KUNKEL JOSEPH S Senior Vice President 07/28/09 50000 777000 130218
HCSG MCCARTNEY DANIEL P Chief Executive Officer 07/30/09 41185 776510 2497771
ISRG MOHR MARSHALL SVP & CFO 07/27/09 3500 763000 604
ISRG HALVORSON ERIC H Director 07/27/09 3500 761076 2571
GILD BERG PAUL Director 07/30/09 15000 749850 33500
IDXX WALLEN WILLIAM C SVP & Chief Scientific Officer 07/29/09 15000 746096 17114
SXT MANNING KENNETH P Chairman and CEO 07/30/09 29556 741542 285217
BLL WESTERLUND DAVID A EXEC VP, ADMIN & CORP SEC 07/27/09 15000 736674 136943
TUP ROEHLK THOMAS M EVP, Chief Legal Officer & Sec 07/24/09 22000 734754 35468
MTH SARVER ROBERT GARY Director 07/30/09 33000 731280 44100
APD MCGLADE JOHN E Chairman, President and CEO 07/29/09 10000 723100 89240
CLX DELKER WAYNE L SVP-Chief Innovation Officer 07/28/09 12003 720196 13652
VRTX BOGER KENNETH S SVP & General Counsel 07/28/09 19898 716328 95857
LL TA ASSOCIATES INC Director 07/24/09 41700 709505 3323
JDAS BREWER HAMISH President; CEO 06/26/09 34673 707529 43676
IBM Adkins Rodney C Senior Vice President 07/28/09 6011 706293 21331
RVBD Kennelly Jerry M Chairman and CEO 07/30/09 33333 691100 3880003
RVBD Kennelly Jerry M Chairman and CEO 07/29/09 33333 687753 3913336
LTM Akradi Bahram Chairman and CEO 07/28/09 25300 686136 2346972
CMG Baldocchi Albert S Director 07/24/09 7500 681150 2876
NST ZIMON EUGENE J SVP - Information Technology 07/30/09 21000 679560 0
ELNK DOTTS KEVIN M Chief Financial Officer 07/30/09 81562 678596 31515
ELNK DESIMONE SAMUEL R JR Executive VP, General Counsel 07/29/09 80937 673396 0
RVBD Kennelly Jerry M Chairman and CEO 07/31/09 33334 670970 3846669
ORCL BINGHAM H RAYMOND Director 07/24/09 30000 664500 5000
ACM NEWMAN RICHARD G Chairman 07/23/09 20368 664099 57065
ECL BELL LAWRENCE T General Counsel and Secretary 07/31/09 15884 659186 104058
ITW Kropp Ronald D Sr VP & CFO 07/24/09 16000 644800 3839
SBUX Alstead Troy evp, cfo and cao 07/27/09 37568 639551 90161
AMSC STANKIEWICZ CHARLES W EVP & GM, AMSC Power Systems 07/30/09 18128 631501 0
JDAS Koziol Christopher J Chief Operating Officer 07/24/09 30706 629473 40222
PMCS ELMURIB RA'ED VP, GM Microprocessors Div. 07/28/09 68747 623577 51536
TUP HALVERSEN DAVID T Group President 07/28/09 18100 615345 14094
ELS BERMAN MICHAEL BRUCE EVP and CFO 07/29/09 15000 607650 34597
DCP MCKEON ROBERT B Director 07/28/09 30000 605700 31466234
DCP MCKEON ROBERT B Director 07/29/09 30000 605100 31436234
DCP MCKEON ROBERT B Director 07/27/09 30000 602400 31496234
ALXN PARVEN ALVIN S Director 07/27/09 15000 600900 7187
CMG Ells Steve Chairman & Co-CEO 07/27/09 6500 598000 55100
PCP Ericksen John W VP, Org. Dev. 07/28/09 7566 594763 10967
SNX MIAU MATTHEW Director 07/24/09 19450 579685 4828219
ITW Parry David C Executive Vice President 07/24/09 14000 566636 0
NKE PARKER MARK G President and CEO 07/30/09 10000 560000 0
AEO MARKFIELD ROGER S Vice Chairman 07/27/09 38257 558935 40055
REGN STAHL NEIL SVP Res and Dev Sciences 07/27/09 26886 558232 350
BRCM Lagatta Thomas F Senior VP, Worldwide Sales 07/23/09 19061 552769 109686
PNRA MAGUIRE JOHN M Executive Vice President 07/23/09 10000 550000 11775
$771.795m
PURCHASES
Ticker Owner Relationship Date #Shares Value ($) #Shares Total
HGG ROTH JOHN M Director 07/24/09 1000000 16500000 13475981
IBKR TCV VII LP May be part of a 13(d) group 07/29/09 172371 3128534 2147283
OPK FROST PHILLIP MD ET AL CEO & Chairman 07/27/09 932734 1632285 96728381
IBKR TCV VI L P May be part of a 13(d) group 07/29/09 73029 1325476 1395460
MPET bogachev nikolay v Director 07/30/09 568985 654333 13612463
HGT SIMPSON BOB R Chairman of Board & Founder 07/30/09 44700 567158 700000
IBKR TCV VII LP May be part of a 13(d) group 07/30/09 27884 518642 2165462
SNV GOODRICH T MICHAEL Director 07/29/09 150000 496050 320741
HGT SIMPSON BOB R Chairman of Board & Founder 07/29/09 37400 460431 655300
CNBC SEIDMAN LAWRENCE B Director 07/23/09 44093 352744 1892195
IBKR TCV VI L P May be part of a 13(d) group 07/30/09 11814 219740 1407274
FWRD PAXTON GARY L Director 07/28/09 10000 215504 19094
DVR KRATZ OWEN E Director 06/10/09 23000 195500 33000
CNS RHEIN PETER L Director 07/27/09 10000 175900 30856
HGT SIMPSON BOB R Chairman of Board & Founder 07/31/09 12862 165852 712862
STBA PAPERNICK ALAN Director 07/22/09 14400 155619 4128
SNV BLANCHARD JAMES H Director 07/27/09 50000 147000 453877
JBHT HARPER ALFRED C EVP and Chief Operations Offic 07/23/09 5109 139989 5109
WINA MORGAN JOHN L Chairman & CEO 07/27/09 6900 124131 1536461
GILD HILLS CARLA A Director 07/24/09 2500 120700 2742
$27.295m



Disclosure: No positions