Insiders Trading WEN, GOOG, MERU, LULU

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, February 08, 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.

Wendys (WEN) Trian Fund Management BO 1,250,000 $6,149,000
Matador Resources (MTDR) Laney David M DIR 57,000 $684,000
Meru Networks (MERU) Newman Barry A DIR 50,000 $184,415
Bank Of America (BAC) Powell Donald E DIR 18,000 $144,079
Valhi (VHI) Simmons Harold C CB,DIR
2,498 $136,713
Caterpillar (CAT) Fife Eugene V DIR 1,000 $113,050
First Opportunity Fund (FOFI) Lola Brown Trust 1b BO 15,000 $100,086
China Information Technology (CNIT) Lin Jiang Huai PR,CEO
109,989 $75,515
American Axle & Manufacturing (AXL) Hantler Steven Brian DIR 5,000 $62,829
Avery Dennison (AVY) Noski Charles H DIR 2,000 $57,558
Google (GOOG) Brin Sergey F,DIR
83,334 $50,567,772
Google (GOOG) Doerr L John DIR 27,675 $16,669,029
Lululemon Athletica (LULU) Wilson Dennis J DIR,BO 115,300 $7,502,421
IBM (IBM) Loughridge Mark VP,CFO 29,449 $5,654,208
Under Armour (UA) Plank J Scott VP,BD 41,541 $3,365,291
Fortinet (FTNT) Xie Ken PR,CEO
120,000 $2,991,252
IBM (IBM) Arnold Colleen F VP 14,593 $2,823,746
Threshold Pharmaceuticals (THLD) Frazier HealthcareP BO 900,000 $2,718,000
Middleby Corp (MIDD) Bassoul Selim A CEO,CB
27,143 $2,680,371
Derma Sciences (DSCI) Lehman Brothers Holdings BO 250,000 $2,072,500

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.