FS Energy and Power Fund
US ˙ OTCPK

Introduction

This page provides a comprehensive analysis of the known insider trading history of Michael Heller. Insiders are officers, directors, or significant investors in a company. It is illegal for insiders to make trades in their companies based on specific, non-public information. This does not mean it is illegal for them to make any trades in their own companies. However, they must report all trades to the SEC via a Form 4. Despite these restrictions, academic research suggests that insiders - in general - tend to outperform the market in their own companies.

Average Trade Profitability

The average trade profitability is the average return of all the open market purchases made by the insider in the last three years. To calculate this, we examine every open-market, unplanned purchase made by the insider, excluding all trades that were marked as part of a 10b5-1 trading plan. We then calculate the average performance of those trades over 3, 6, and 12 months, averaging each of those durations to generate a final performance metric for each trade. Finally, we average all of the performance metrics to calculate a performance metric for the insider. This list only includes insiders that have made at least three trades in the last two years.

If this insiders trade profitability is "N/A", then the insider either has not made any open-market purchases in the last three years, or the trades they’ve made are too recent to calculate a reliable performance metric.

Update Frequency: Daily

See the list of most profitable insider traders.

See Highest Ranking Insiders
Companies with Reported Insider Positions

The SEC filings indicate Michael Heller has reported holdings or trades in the following companies:

Security Title Latest Reported Holdings
US:BODY / The Beachbody Company, Inc. Director 4,357,866
US:FSIC / FS Investment Corporation Director 55,401
Director 68,766
US:FSEN / FS Energy and Power Fund Director 97,732
US:US30313RAA77 / FS KKR Capital Corp II Director 42,150
How to Interpret the Charts

The following charts show the stock performance of securities subsequent to each open-market, non-planned trade made by Michael Heller. Non-planned trade are trades that were not made as part of a 10b5-1 trading plan. The stock performance is charted as cumulative percent change in share price. For example, if an insider trade was made on January 1, 2019, the chart will show the daily percent change of the security to the present day. If the share price were to go from $10 to $15 during this time, the cumulative percent change in share price would be 50%. A change in price from $10 to $20 would be 100%, and a change in price of $10 to $5 would be -50%.

Ultimately, we are trying to determine how closely the insider’s trades correlate to excess returns (positive or negative) in the share price in order to see if the insider is timing their trades to profit from insider information. Consider the situation where an insider was doing this. In this situation, we would expect either (a) positive returns after purchases, or (b) negative returns after sales. In the case of (a), the PURCHASE chart would show a series of upwardly sloping curves, indicating positive returns after each purchase transaction. In the case of (b), the SALE chart would show a series of downward sloping curves, indicating negative returns after each sale transaction.

However, this alone is not enough to draw conclusions. If, for example, the share price of the company was in a non-cyclical climb over many years, then we would expect all the post-purchase plots to be upwardly sloping. Likewise, non-cyclical declines over many years would result in downward sloping post-trade plots. Neither of these charts would suggest insider trading activity.

The strongest indicator would be a situation where the share price was extremely cyclical, and there were both positive signals in the PURCHASE chart and negative plots on the SALE chart. This situation would be highly suggestive of an insider that was timing trades to their financial advantage.

Insider Purchases FSEN / FS Energy and Power Fund - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in FSEN / FS Energy and Power Fund. This analysis helps to understand if the insider consistently generates abnormal returns, and is worth following. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market purchases that were not part of an automatic trading plan.

Trade Date Ticker Insider Reported
Shares		 Reported
Price		 Adjusted
Shares		 Adjusted
Price		 Cost Basis Days to
Max		 Price at
Max		 Max
Profit ($)		 Max Return (%)
2016-10-19 NONE Heller Michael 3,815 7.4700 3,815 7.4700 28,500 730
2016-07-20 NONE Heller Michael 4,252 7.2900 4,252 7.2900 31,000
2016-04-20 NONE Heller Michael 4,429 6.4350 4,429 6.4350 28,500
2016-01-27 NONE Heller Michael 4,398 6.4800 4,398 6.4800 28,500
2015-10-21 NONE Heller Michael 3,619 7.8800 3,619 7.8800 28,518
2015-07-22 NONE Heller Michael 3,231 8.8200 3,231 8.8200 28,500
2015-04-15 NONE Heller Michael 2,864 8.7300 2,864 8.7300 25,000
2015-01-21 NONE Heller Michael 2,879 8.6900 2,879 8.6900 25,014
2014-10-22 NONE Heller Michael 2,525 9.9000 2,525 9.9000 25,000
2014-07-16 NONE Heller Michael 2,525 9.9000 2,525 9.9000 25,000
2014-04-23 NONE Heller Michael 2,548 9.8100 2,548 9.8100 25,000
2014-01-15 NONE Heller Michael 2,572 9.7200 2,572 9.7200 25,000
2013-10-16 NONE Heller Michael 3,747 9.6750 3,747 9.6750 36,250
2013-07-16 NONE Heller Michael 3,488 9.6750 3,488 9.6750 33,750
2013-04-16 NONE Heller Michael 2,544 9.6300 2,544 9.6300 24,500
2013-01-02 NONE Heller Michael 2,605 9.4050 2,605 9.4050 24,500
2012-10-16 NONE Heller Michael 1,537 9.2700 1,537 9.2700 14,250
2012-07-16 NONE Heller Michael 1,161 9.0450 1,161 9.0450 10,500

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

FSEN / FS Energy and Power Fund Insider Trades
Insider Sales FSEN / FS Energy and Power Fund - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in FSEN / FS Energy and Power Fund. A consistent pattern of loss avoidance may suggest that future sale transactions may predict declines in price. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market sales that were not part of an automatic trading plan.

Trade Date Ticker Insider Reported
Shares		 Reported
Price		 Adjusted
Shares		 Adjusted
Price		 Cost Basis Days to
Min		 Price at
Min		 Max Loss
Avoided ($)		 Max Loss
Avoided (%)
There are no known unplanned open-market trades for this insider and security combination

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

FSEN / FS Energy and Power Fund Insider Trades
Insider Purchases FSK / FS KKR Capital Corp. - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in FSEN / FS Energy and Power Fund. This analysis helps to understand if the insider consistently generates abnormal returns, and is worth following. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market purchases that were not part of an automatic trading plan.

Trade Date Ticker Insider Reported
Shares		 Reported
Price		 Adjusted
Shares		 Adjusted
Price		 Cost Basis Days to
Max		 Price at
Max		 Max
Profit ($)		 Max Return (%)
2015-08-24 FSIC Heller Michael 5,235 9.5391 5,235 9.5391 49,937 23
2015-03-04 FSIC Heller Michael 10,000 9.9498 10,000 9.9498 99,498
2014-06-12 FSIC Heller Michael 4,784 10.3900 4,784 10.3900 49,706

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

FSK / FS KKR Capital Corp. Insider Trades
Insider Sales FSK / FS KKR Capital Corp. - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in FSEN / FS Energy and Power Fund. A consistent pattern of loss avoidance may suggest that future sale transactions may predict declines in price. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market sales that were not part of an automatic trading plan.

Trade Date Ticker Insider Reported
Shares		 Reported
Price		 Adjusted
Shares		 Adjusted
Price		 Cost Basis Days to
Min		 Price at
Min		 Max Loss
Avoided ($)		 Max Loss
Avoided (%)
There are no known unplanned open-market trades for this insider and security combination

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

FSK / FS KKR Capital Corp. Insider Trades
Insider Trading History

This table shows the complete list of insider trades made by Michael Heller as disclosed to the Securities Exchange Commission (SEC).

File Date Tran Date Form Ticker Security Code 10b5-1 Shares Remaining Shares Percent
Change		 Share
Price		 Tran
Value		 Remaining
Value
2022-05-23 2022-05-20 4 BODY Beachbody Company, Inc.
CLASS A COMMON STOCK 		P - Purchase 69,423 4,357,866 1.62 1.44 99,948 6,274,020
2022-05-23 2022-05-19 4 BODY Beachbody Company, Inc.
CLASS A COMMON STOCK 		P - Purchase 155,000 4,288,443 3.75 1.27 197,144 5,454,471
2022-05-12 2022-05-10 4 BODY Beachbody Company, Inc.
RESTRICTED STOCK UNITS 		M - Exercise -26,075 0 -100.00
2022-05-12 2022-05-10 4 BODY Beachbody Company, Inc.
CLASS A COMMON STOCK 		M - Exercise 26,075 4,133,443 0.63
2022-05-12 2022-05-10 4 BODY Beachbody Company, Inc.
CLASS A COMMON STOCK 		A - Award 190,476 4,107,368 4.86
2021-08-31 2021-08-27 4 BODY Beachbody Company, Inc.
Restricted Stock Units 		A - Award 26,075 26,075
2021-06-30 2021-06-25 4 BODY Forest Road Acquisition Corp.
CLASS A COMMON STOCK 		A - Award 3,916,892 3,916,892
2018-03-21 2018-03-20 4 FSIC FS Investment CORP
Common Stock 		P - Purchase X 6,100 55,401 12.37 7.00 42,700 387,806
2018-02-07 2018-02-06 4 FSIC FS Investment CORP
Common Stock 		P - Purchase X 10,900 49,301 28.38 7.14 77,790 351,846
2018-02-05 2018-02-05 4 FSIC FS Investment CORP
Common Stock 		P - Purchase X 600 38,401 1.59 7.25 4,350 278,406
2017-11-03 2017-11-01 4 NONE FS Investment Corp III
Common Stock 		P - Purchase 3,877 68,766 5.98 8.64 33,500 594,136
2017-08-18 2017-08-16 4 NONE FS Investment Corp III
Common Stock 		P - Purchase 3,299 63,509 5.48 8.64 28,500 548,716
2017-04-28 2017-04-26 4 NONE FS Investment Corp III
Common Stock 		P - Purchase 3,299 59,007 5.92 8.64 28,500 509,820
2017-01-20 2017-01-18 4 NONE FS Investment Corp III
Common Stock 		P - Purchase 3,025 54,269 5.90 8.60 26,015 466,713
2016-10-21 2016-10-19 4 NONE FS Investment Corp III
Common Stock 		P - Purchase 3,351 50,225 7.15 8.51 28,517 427,415
2016-10-21 2016-10-19 4 NONE FS Energy & Power Fund
Common shares of beneficial interest 		P - Purchase 3,815 97,732 4.06 7.47 28,500 730,058
2016-07-22 2016-07-20 4 NONE FS Investment Corp III
Common Stock 		P - Purchase 3,764 45,921 8.93 8.24 31,000 378,157
2016-07-22 2016-07-20 4 NONE FS Energy & Power Fund
Common shares of beneficial interest 		P - Purchase 4,252 91,707 4.86 7.29 31,000 668,547
2016-04-22 2016-04-20 4 NONE FS Investment Corp III
Common Stock 		P - Purchase 3,661 41,312 9.72 7.88 28,829 325,333
2016-04-22 2016-04-20 4 NONE FS Energy & Power Fund
Common shares of beneficial interest 		P - Purchase 4,429 85,237 5.48 6.44 28,500 548,502
2016-01-29 2016-01-27 4 NONE FS Energy & Power Fund
Common shares of beneficial interest 		P - Purchase 4,398 79,259 5.88 6.48 28,500 513,601
2016-01-29 2016-01-27 4 NONE FS Investment Corp III
Common Stock 		P - Purchase 3,578 37,079 10.68 7.96 28,500 295,332
2015-10-23 2015-10-21 4 NONE FS Energy & Power Fund
Common shares of beneficial interest 		P - Purchase 3,619 72,477 5.26 7.88 28,518 571,121
2015-10-22 2015-10-21 4 NONE FS Investment Corp III
Common Stock 		P - Purchase 3,333 32,603 11.39 8.55 28,500 278,759
2015-08-24 2015-08-24 4 FSIC FS Investment CORP
Common Stock 		P - Purchase 5,235 37,400 16.28 9.54 49,937 356,763
2015-07-24 2015-07-22 4 NONE FS Energy & Power Fund
Common shares of beneficial interest 		P - Purchase 3,231 67,416 5.03 8.82 28,500 594,607
2015-07-23 2015-07-22 4 NONE FS Investment Corp III
Common Stock 		P - Purchase 3,183 287,708 1.12 8.96 28,500 2,576,429
2015-04-17 2015-04-15 4 NONE FS Investment Corp III
Common Stock 		P - Purchase 2,792 25,042 12.55 8.96 25,000 224,250
2015-04-17 2015-04-15 4 NONE FS Energy & Power Fund
Common shares of beneficial interest 		P - Purchase 2,864 62,918 4.77 8.73 25,000 549,270
2015-03-04 2015-03-04 4 FSIC FS Investment CORP
Common Stock 		P - Purchase 10,000 31,409 46.71 9.95 99,498 312,516
2015-01-23 2015-01-21 4 NONE FS Investment Corp III
Common Stock 		P - Purchase 2,030 21,829 10.26 8.86 18,000 193,512
2015-01-23 2015-01-21 4 NONE FS Energy & Power Fund
Common shares of beneficial interest 		P - Purchase 2,879 58,861 5.14 8.69 25,014 511,506
2014-10-24 2014-10-22 4 NONE FS Investment Corp III
Common Stock 		P - Purchase 1,333 19,442 7.36 9.00 12,000 174,975
2014-10-24 2014-10-22 4 NONE FS Energy & Power Fund
Common shares of beneficial interest 		P - Purchase 2,525 54,952 4.82 9.90 25,000 544,025
2014-07-18 2014-07-16 4 NONE FS Investment Corp III
Common Stock 		P - Purchase 806 17,757 4.75 9.00 7,250 159,815
2014-07-18 2014-07-16 4 NONE FS Energy & Power Fund
Common shares of beneficial interest 		P - Purchase 2,525 51,440 5.16 9.90 25,000 509,254
2014-06-16 2014-06-12 4 FSIC FS Investment CORP
Common Stock 		P - Purchase 4,784 20,271 30.89 10.39 49,706 210,616
2014-04-25 2014-04-23 4 NONE FS Energy & Power Fund
Common shares of beneficial interest 		P - Purchase 2,548 48,101 5.59 9.81 25,000 471,870
2014-04-04 2014-04-02 4 NONE FS Investment Corp III
Common Stock 		P - Purchase 16,667 16,667 9.00 150,000 150,000
2014-01-17 2014-01-15 4 NONE FS Investment Corp II
Common Stock 		P - Purchase 3,836 42,150 10.01 9.45 36,250 398,320
2014-01-17 2014-01-15 4 NONE FS Energy & Power Fund
Common shares of beneficial interest 		P - Purchase 2,572 44,856 6.08 9.72 25,000 435,996
2013-10-18 2013-10-16 4 NONE FS Investment Corp II
Common Stock 		P - Purchase 3,307 37,518 9.67 9.45 31,250 354,545
2013-10-18 2013-10-16 4 NONE FS Energy & Power Fund
Common shares of beneficial interest 		P - Purchase 3,747 41,537 9.91 9.68 36,250 401,866
2013-07-17 2013-07-16 4 NONE FS Investment Corp II
Common Stock 		P - Purchase 3,307 33,566 10.93 9.45 31,250 317,196
2013-07-17 2013-07-16 4 NONE FS Energy & Power Fund
Common shares of beneficial interest 		P - Purchase 3,488 37,182 10.35 9.68 33,750 359,738
2013-04-18 2013-04-16 4 NONE FS Investment Corp II
Common Stock 		P - Purchase 2,446 29,672 8.98 9.40 23,000 279,062
2013-04-18 2013-04-16 4 NONE FS Energy & Power Fund
Common shares of beneficial interest 		P - Purchase 2,544 33,137 8.32 9.63 24,500 319,114
2013-01-04 2013-01-02 4 NONE FS Investment Corp II
Common Stock 		P - Purchase 2,493 26,687 10.31 9.22 23,000 246,190
2013-01-04 2013-01-02 4 NONE FS Energy & Power Fund
Common shares of beneficial interest 		P - Purchase 2,605 30,077 9.48 9.40 24,500 282,877
2012-10-18 2012-10-16 4 NONE FS Investment Corp II
Common Stock 		P - Purchase 935 23,735 4.10 9.09 8,500 215,749
2012-10-18 2012-10-16 4 NONE FS Energy & Power Fund
Common shares of beneficial interest 		P - Purchase 1,537 27,011 6.03 9.27 14,250 250,397
2012-07-17 2012-07-16 4 NONE FS Energy & Power Fund
Common shares of beneficial interest 		P - Purchase 1,161 25,047 4.86 9.04 10,500 226,547
2012-06-19 2012-06-18 4 NONE FS Investment Corp II
Common Stock 		P - Purchase 22,300 22,300 9.00 200,700 200,700
P
Open market or private purchase of non-derivative or derivative security
S
Open market or private sale of non-derivative or derivative security
A
Grant, award, or other acquisition of securities from the company (such as an option)
C
Conversion of derivative
D
Sale or transfer of securities back to the company
F
Payment of exercise price or tax liability using portion of securities received from the company
G
Gift of securities by or to the insider
K
Equity swaps and similar hedging transactions
M
Exercise or conversion of derivative security received from the company (such as an option)
V
A transaction voluntarily reported on Form 4
J
Other (accompanied by a footnote describing the transaction)