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Top Insider Trades 1/4/13: FB, LNKD, SMM, OMER

|Includes: Facebook (FB), MSFT, OMER, SMM

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In a victory for common sense, the trading behavior of company executives, directors, and large shareholders in the stocks of firms they're registered "insiders" at have been proven profitable to monitor by both academic studies and (more importantly) the experience of professional investors.

Below are lists of the top 10 mainly open-market insider purchases and sales filed at the Securities and Exchange Commission Friday, January 4, 2013 as ranked by dollar value.

Please note, however, that these are factual lists (with edits to remove some noise), not buy and sell recommendations. Dollar value is only one metric to assess the importance of an insider transaction, and, frankly, often not even the most important metric that determines if an insider transaction is significant.

We should also point out that we are presently in a slow filing time for insiders because many companies still have their trading windows closed to their executives until their June quarter earnings are released.

But at, we find new investment ideas just about every day using these and more intricate insider screens to determine where we should focus our subsequent fundamental and technical analysis. And while stocks don't (or shouldn't) move up or down based on insider activity alone, insiders tend to be good indicators of when real stock-moving events like earnings surprises, corporate actions, and new products may be in the offing.

So use these regular blog posts as the initial research tools they are meant to be, and click the links in the tables to analyze a company's or insider's full insider history. Also feel free to email with any questions on our proprietary insider data, and how it is best analyzed.

Insider Purchases
Filer Name Insider Titles Company Name Ticker Trans
Dollar Value
Reid Gregory A PR,CEO,DIR Salient Mlp Fd SMM B $579,540
Aspiri Ray DIR Omeros OMER B $228,800
McGraw Thomas CEO,DIR Fnb Bancorp Ca FNBG JB* $171,016
Empire Capital BO Sonus Networks SONS B $144,872
Ottley Properties BO Ckx Lands CKX B $140,221
Frost Phillip MD CEO,CB,BO Opko Health OPK B $125,766
Cohen Harry D MD,CIO Clearbridge Mlp OpFd EMO B $106,975
Cohen Harry D MD,CIO Clearbridge Mlp Fd CEM B $95,141
Brown Sidney R DIR J&J Snack Foods JJSF B $75,059
Simmons Harold CB,DIR,BO Valhi VHI B $51,800

Source: | Key to Insider Title and Trans Type Codes

Insider Sales
Filer Name Insider Titles Company Name Ticker Trans
Dollar Value
Sandberg Sheryl COO,DIR Facebook FB AS $14,166,618
Hoffman Reid DIR,BO Linkedin LNKD AS $9,311,423
Nishar Dipchand VP Linkedin LNKD AS $7,928,430
Weiner Jeff CEO,DIR Linkedin LNKD AS $4,133,812
Thompson Fdn BO Thor Industries THO AS $3,824,466
Wise Bret W CB,DIR Dentsply Intl XRAY AS $2,881,330
Lucio Antonio HR,SO Visa V AS $2,322,150
Cassidy John F PR,CEO,DIR Cincinnati Bell CBB AS $1,826,094
Healthcor Mgt BO Ehealth EHTH S $1,585,402
Tilton Glenn F DIR United Continental UAL AS $1,426,825

Source: | Key to Insider Title and Trans Type Codes