Insiders Trading WBMD, SNI, VLNC, JPM

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 mainly open-market insider purchases and sales filed at the Securities and Exchange Commission Wednesday, Jan. 18, 2012 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.

WebMD Health (WBMD) Icahn Carl C BO 394,819 $10,375,843
Valence Technology (VLNC) Berg Carl E DIR,BO 2,078,068 $2,015,726
Urstadt Biddle Properties (UBP) Urstadt Charles J CB,CEO
32,627 $536,714
MRV Communications (MRVC) Martin William C BO 543,200 $511,727
Moduslink Global Solutions (MLNK) Handy & Harman Ltd BO 55,511 $305,415
Franklin Covey (FC) Peterson Joel Clinton DIR 21,240 $175,230
Fisher Communications (FSCI) Towerview Llc BO 4,046 $113,901
Kronos Worldwide (KRO) Simmons Harold C CB,DIR
5,000 $105,000
RAIT Financial Trust (RAS) Rima Management BO 13,500 $66,555
GP Strategies (GPX) Sagard Capital Partners BO 5,000 $66,288
Brown Forman (BFB) Brown Frazier Owsley BO 109,430 $8,808,964
Scripps Networks Interactive (SNI) Necastro Joseph G O 57,200 $2,574,000
JPMorgan Chase (JPM) Staley James E MD 55,000 $1,936,792
Diligent Board Member Services (DIL.NZ) Carroll Capital BO 1,000,000 $1,904,000
IHS (IHS) Yergin Daniel VP 15,936 $1,455,549
Apollo Group (APOL) Sperling Peter V VCB,DIR 25,000 $1,451,080
Booz Allen Hamilton (BAH) Mahaffee Joseph W VP,BO 75,000 $1,298,738
Dollar Tree (DLTR) Sasser Bob CEO,DIR 14,450 $1,228,250
Torchmark (TMK) King Andrew W O 26,250 $1,157,100
Concur Technologies (CNQR) Singh Rajeev PR,COO
19,309 $971,924

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, 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 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.