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In Insider Trading, the Canadian Government Sells Its Near $1.1 Billion Stake in GM

Posted
9/13/2013 9:50:00 AM
By: Minyanville
Referenced Stocks:GM;HAFC;NRGM;S;SFTBF

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 Thursday, September 12, 2013.

Notable Purchases:

Notable Sale: Fore more insider trades, see the charts below.

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

1

Softbank

BO

Sprint

S

AB

$42,188,388

2

Karfunkel George

DIR

Eastman Kodak

KODK

JB*

$38,512,984

3

Welch Jamie

DIR

Energy Transfer LP

ETP

B

$1,036,400

4

Marubeni

DIR,BO

Aircastle

AYR

B

$523,797

5

Gautreaux Wm C

PR

Inergy Midstream

NRGM

JB*

$450,000

6

Kum Chong Guk

PR,CEO,DIR

Hanmi Financial

HAFC

B

$323,400

7

Sherman John J

DIR,BO

Inergy Midstream

NRGM

B

$218,064

8

Gibbons Judy

DIR

Michael Kors

KORS

B

$158,693

9

Kirk A Russell

DIR

Armada Hoffler Pr

AHH

B

$109,402

10

Ao Partners I

DIR,BO

Air T

AIRT

B

$94,565


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

1

Canada Gen Inv

BO

General Motors

GM

JS*

$1,099,500,032

2

Summit Partners

PT,BO

Fleetcor Tech

FLT

JS*

$209,720,000

3

Ryan J Stuart

DIR

Calpine

CPN

JS*

$207,739,712

4

Friedman Brian P

DIR

Fiesta Restaurant

FRGI

JS*

$24,244,784

5

Page Lawrence

CEO,DIR,BO

Google

GOOG

AS

$18,587,122

6

Schulze Richard

CB,BO

Best Buy Co

BBY

S

$17,286,780

7

Sandberg Sheryl

COO,DIR

Facebook

FB

AS

$7,709,440

8

Cracchiolo James

CB,CEO,DIR

Ameriprise Finl

AMP

S

$4,900,546

9

Lorberbaum Mark

BO

Mohawk Ind

MHK

S

$2,573,196

10

Noll Richard A

CB,CEO,DIR

Hanesbrands

HBI

AS

$1,877,877

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."