By Jonathan Moreland, founder of Insider Insights and author of Profit From Legal Insider Trading.

NEW YORK ( TheStreet) -- Which insiders are selling and buying chunks of stocks?

Below are lists of the top 10 open-market insider purchases and sales filed at the Securities and Exchange Commission Wednesday, September 07, 2011 as ranked by dollar value. Company executives and directors are in the best position to assess the attractiveness of their firms' shares, and here is how many of them are voting their wallets! Please note, however, that these are factual lists, not buy and sell recommendations. Dollar value is only one metric to assess the importance of an insider transaction.

National Penn Bancshares (NPBC) Warburg Pincus Private Equity X L P DIR,BO 206,746 $1,352,401
Bank Of New York Mellon (BK) Hassell Gerald L CB,PR
CEO,DIR
50,000 $1,003,305
Overseas Shipholding Group (OSG) Recanati Oudi DIR,BO 53,263 $863,541
Gramercy Capital (GKK) Indaba Capital Mgt BO 266,000 $833,080
Bank Of New York Mellon (BK) Gibbons Thomas P VCB,CFO 25,000 $509,192
Howard Hughes (HHC) Flatto Adam R DIR 8,000 $389,237
Prospect Capital (PSEC) Eliasek M Grier COO,DIR 46,000 $384,560
Synta Pharmaceuticals (SNTA) Kovner Bruce DIR,BO 96,457 $370,503
Semgroup (SEMG) Szydlowski Norman J PR,CEO
DIR
15,000 $334,500
Coldwater Creek (CWTR) Pence Dennis C CB,CEO
DIR,BO
342,876 $313,732
Source: www.InsiderInsights.com
Loopnet (LOOP) Boyle Richard J Jr CEO,DIR 217,749 $3,806,158
Stryker (SYK) Stryker Ronda E DIR 27,000 $1,286,371
Scripps Networks (SNI) Tysoe Ronald W DIR 26,271 $1,076,410
Microsoft (MSFT) Brod Frank H CAO 15,000 $387,866
Joy Global (JOYG) Winkleman Dennis R VP 4,601 $359,414
Petroquest Energy (PQ) Goodson Charles T CB,CEO
PR,DIR
50,000 $352,145
BMC Software (BMC) Miller William D VP,PR 7,266 $277,358
Catalyst Pharmaceutical (CPRX) Coelho Philip H DIR 216,546 $270,683
CVD Equipment (CVV) Teitelbaum Martin J A,SEC
DIR
13,800 $261,240
CVS Caremark (CVS) Williams Kristen Gibney DIR 7,107 $252,005
Source: www.InsiderInsights.com

Key to Titles: A=Assistant, AI=Affiliated Investor, AO=Accounting Officer, BD=Business Development, BO=Beneficial Owner, CAO=Chief Accounting Officer, CB=Chairman, CCO=Chief Compliance Officer, CEO=Chief Executive Officer, CFO=Chief Financial Officer, CIO=Chief Information Officer, CO=Compliance Officer, COO=Chief Operating Officer, CT=Controller, CTO=Chief Technology Officer, DIR=Director, EVP=Executive Vice President, F=Founder, FO=Financial Officer, GC=General Counsel, HR=Human Resources, IO=Information Officer, IR=Investor Relations, LO=Legal Officer, MD=Managing Director, O=Officer, OO=Operating Officer, PR=President, PT=Partner, REL=Relative of an insider, SEC=Secretary, SH=Shareholder, SO=Sales Officer, TO=Technology Officer, TR=Treasurer, TT=Trustee, VCB=Vice Chairman, VP=Vice President, X=Ex Officer or other title displayed.
Jonathan Moreland is the founder of InsiderInsights.com, which produces a weekly newsletter and offers professional screening and alerting tools to analyze a proprietary, real-time insider data feed. He is also the principal of Insider Asset Management, a registered investment advisor in New York. Mr. Moreland has been analyzing insider data professionally for two decades and has been a contributor to TheStreet.com since 2001. A fundamental analyst with an MBA in finance, Mr. Moreland long ago identified insider data as an excellent first screen to determine where to focus his research efforts. He is quoted frequently in the media for his insider analysis and stock recommendations stemming from it. He is also author of Profit From Legal Insider Trading.

Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. While he cannot provide investment advice or recommendations, Moreland appreciates your feedback; click here to send him an email.

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