Gary C. Butler

Filings by Gary C. Butler span 3 companies, the busiest being Automatic Data Processing Inc, CIT Group Inc and Covista Inc. Between 1 January 2006 and 3 November 2012, the trades on record add up to 54 filings.

The open-market side counts 7 purchases for €128k alongside 9 sales for €11.5M. On balance, insiders were net sellers of €11.4M. A purchase on the market is a deliberate choice to commit personal money, which is why it draws more attention than a grant. Outside the open market, there are 27 share grants and 3 option exercises.

Half of the purchases are above €5,083 and half below.

Most recently, on 5 November 2012, the filings show a share grant worth €5,380 in Covista Inc. The clock since the last published purchase (10 August 2007) now reads 7,030 days. Typically, a trade is published a median of 2 days after it takes place. For comparison, the SEC allows two business days to file a Form 4. Sales are harder to read than purchases, since they often meet personal needs such as tax or diversification. Source: insider filings from SEC (Form 4). Past trades are no guide to future returns.