Jon F. Chait

Filings by Jon F. Chait span 3 companies, the busiest being New M&I Corp, Hudson Global, Inc. and Marshall & Ilsley Corp/WI/. Over a trading history stretching from 13 January 2006 to 17 February 2013, the count stands at 136 filings.

The open-market side counts 24 purchases for €401k alongside 32 sales for €1.8M. Netting one side against the other leaves €1.4M of net selling. Open-market purchases are the filings investors watch most closely, because the insider pays for the shares out of pocket. Outside the open market, there are 61 share grants and 4 option exercises.

Half of the purchases are above €10k and half below. For 19 purchases whose 90-day window has closed, the share price was higher on day 90 than the day after publication in 53% of cases, with a median move of +43.6%. This is a record of the past, not a forecast.

Most recently, on 20 February 2013, the filings show a share grant worth €45k in Hudson Global, Inc. The last purchase on record was published on 13 August 2009, which is 6,280 days ago. Filings reach the SEC (Form 4) feed a median of 2 days after the trade. The legal deadline for a Form 4 is two business days after the transaction. Selling is not necessarily a view on the stock: liquidity needs and diversification are common motives. Source: insider filings from SEC (Form 4). Past trades are no guide to future returns.