Michael D. Pearce

Michael D. Pearce discloses dealings in Smith International Inc to SEC (Form 4). We count 58 filings; the first trade dates from 27 January 2006 and the latest from 1 June 2009.

In open-market terms, that means 1 purchase on one side and 35 sales worth €3.0M on the other. The amount is not disclosed for 1 filing. Open-market purchases are the filings investors watch most closely, because the insider pays for the shares out of pocket. Besides market trades, the filings include 16 share grants and 5 option exercises. Since January 2009: 1 purchase and 2 sales on the market.

The newest entry dates from 3 June 2009: an open-market sale of €247k, in Smith International Inc. The latest purchase dates back some time: it was published 6,485 days ago, on 5 February 2009. Typically, a trade is published a median of 2 days after it takes place. The legal deadline for a Form 4 is two business days after the transaction. A sale on its own says little: insiders also sell to pay tax, fund a purchase or diversify. Source: insider filings from SEC (Form 4). Past trades are no guide to future returns.