Modesto A. Maidique

Filings by Modesto A. Maidique span 3 companies, the busiest being National Semiconductor Corp, Carnival Corp and Carnival PLC. Between 13 January 2006 and 30 January 2013, the trades on record add up to 90 filings.

Both buying and selling appear: 14 purchases worth €353k, against 48 sales worth €3.1M. On balance, insiders were net sellers of €2.7M. Unlike grants, an open-market purchase is paid for by the insider, at the market price. Besides market trades, the filings include 14 share grants and 14 option exercises. 2013 to date brings no purchases and 2 sales.

In size, the median ticket on the buying side is €23k. Ninety days after publication, 12 purchases show a median change of +5.1%, with the price up in 83% of them. These figures describe past trades and do not predict future prices.

On 1 February 2013 came the latest disclosure, an open-market sale for €87k in Carnival Corp. The clock since the last published purchase (4 September 2007) now reads 7,005 days. Between a trade and the moment it shows up on SEC (Form 4), the median delay is 2 days. US insiders must file a Form 4 within two business days of a trade. Selling is not necessarily a view on the stock: liquidity needs and diversification are common motives. This summary is built from SEC (Form 4) disclosures alone and does not predict where the share price will go.