Insider Selling Rampage (GOOG, WWWW, AXS, AXP, MSFT, SLGN, TDG, K, NXST, OZM)

Investing

Published: February 13, 2013 12:28 pm

Insiders are still selling shares. Most investors have heard that Eric Schmidt is selling out of about $2.5 billion worth of Google Inc. (NASDAQ: GOOG) shares, but there are many other large insider selling trades we have seen of late. These are just some of the larger insider selling trades we have seen that were taken from SEC filings with sales in the last week.

On key sale was in Web.com Inc. (NASDAQ: WWWW) saw director Anton Levy sold over 2.3 million shares for almost $41 million in gross proceeds. He is still listed as holding more than 5.8 million shares.

AXIS Capital Holdings Limited (NYSE: AXS) saw director Charles Davis, sell more than 2.6 million shares worth more than $104.5 million on Feb. 11. Trident II LP was also listed as selling 2.736 million shares for more than $107.3 million. Both trades were listed as Feb. 11 but we would note that these are tied together.

Google Inc. (NASDAQ: GOOG) routinely sees other insider selling as part of planned share sale plans. Co-founder Larry Page sold more than $16.2 million worth of stock and co-Founder Sergei Brin sold more than $63.9 million worth of stock.

American Express Co. (NYSE: AXP) saw CEO Ken Chenault exercise more than 555,000 shares in options and sell 643,865 shares for some $39.8 million on Feb. 8.

Microsoft Corporation (NASDAQ: MSFT) saw founder Bill Gates unload yet another $275 million or so in common stock. Gates still holds more than 420 million shares but that was about 500 million shares held just about a year ago.

Silgan Holdings Inc. (NASDAQ: SLGN) saw director Greg Horrigan sell 478,988 shares for more than $21.67 million in proceeds on Feb. 8.

TransDigm Group Incorporated (NYSE: TDG) saw CEO Nicholas Howley sold 165,000 shares for more than $22.9 million in Feb. 6.

Kellogg Co. (NYSE: K) saw chairman James Jenness have an option exercise that resulted in 371,500 shares sold for some $21.9 million on Feb. 8. President & CEO John Bryant had an option exercise and he sold some 196,568 shares for some $11.575 million on Feb. 7.

Nexstar Broadcasting Group, Inc. (NASDAQ: NXST) saw ABRY Broadcast sell more than $40 million between two insider entities on February 12.

Och-Ziff Capital Management Group LLC (NYSE: OZM) saw Dubai Holdings sell some 4.91 million shares for more than $49 million on Feb. 7, but we would note that this insider group (sovereign wealth) has more than 33.2 million shares.

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