In Insider Trading, Apple VP Sells Shares

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Welcome to our daily roundup of top insider trades. Here's a look at the most significant inside sales and purchases filed with the SEC on Tuesday, September 24, 2013.

Notable Purchases:

  • Sardar Biglari, Chairman and CEO of holding company Biglari Holdings ( BH ), bought 5,165 shares of company stock for $1,368,725. Biglari is engaged in investment management and the franchising and operating of restaurants.
  • James Dondero, Portfolio Manager of non-diversified, closed-end management investment company Nexpoint Credit Strategies Fund ( NHF ), bought 163,928 shares of company stock for $1,244,214.
Notable Sales:
  • The global private equity firm Advent International sold 7,000,000 shares of its holding of retailer Five Below ( FIVE ) for $326,550,016.
  • Bruce Sewell, General Counsel and Vice President of Legal and Government Affairs at media and tech company Apple ( AAPL ), sold 12,314 shares of company stock for $6,023,698. This is Sewell's third sale of Apple stock since the beginning of September; he now owns only 10 shares of company stock. This was an automatic sale, meaning it was part of Sewell's 10b5-1 program, which sells a certain numbers of shares at set prices. Apple's stock is down 8.09% year-to-date and 30.14% since this time last year.
For more insider trades, see the charts below.

Insider Purchases
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value

1

Mount Kellett Cap

BO

GC Deep Rlty Tr

GULTU

B

$5,885,000

2

Biglari Sardar

CB,CEO,BO

Biglari

BH

JB*

$1,368,725

3

Dondero James D

O

Nexpoint Cr St Fd

NHF

JB*

$1,244,214

4

Marubeni

DIR,BO

Aircastle

AYR

B

$1,178,232

5

Atwood Brian G

DIR

Five Prime Therap

FPRX

JB*

$999,999

6

Berkeley Richard

DIR

Wageworks

WAGE

JB*

$262,980

7

Page Stephen F

DIR

Aerovironment

AVAV

B

$112,500

8

Carr Kerry

VP,COO,CFO

Kid Brands

KID

B

$55,521

9

Krull Steven F

O

Thl Cr Sr Loan Fd

TSLF

B

$55,028

10

Cooley Philip L

DIR

Biglari

BH

JB*

$31,800


Insider Sales
#: Filer Name Insider Titles Company Name Ticker Trans
Type
Dollar Value

1

Advent Intl

O

Five Below

FIVE

JS*

$326,550,016

2

Brown Williamson

BO

Reynolds Amer

RAI

S

$8,925,898

3

Weisser Alberto

CB,DIR

Bunge

BG

AS

$7,264,778

4

Sewell D Bruce

VP,GC,SEC

Apple

AAPL

AS

$6,023,698

5

Raines Julian Paul

CEO,DIR

Gamestop

GME

AS

$5,472,654

6

Morgan Stanley

BO

Sagent Pharm

SGNT

S

$2,610,178

7

Kish William S A

CTO,DIR

Ruckus Wireless

RKUS

AS

$2,506,110

8

Barber Doug

VP

Cracker Barrel

CBRL

S

$1,647,326

9

Moore J Stuart

DIR

Sapient

SAPE

AS

$1,574,000

10

Franklin Resources

BO

Dynegy

DYN

S

$1,174,932

Source: InsiderInsights.com | Key to Insider Title and Trans Type Codes

An important note from Jonathan Moreland, founder of Insider Insights :

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

Please note, however, that the lists above are strictly factual; they are 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.

At InsiderInsights.com, 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.

Jonathan Moreland is also the author of " Profit From Legal Insider Trading."



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Stocks

Referenced Stocks: AAPL , BH , FIVE , NHF

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