Brian K Pauling - Insider Trading Tracker

Introduction

This page provides a comprehensive analysis of the known insider trading history of Brian K Pauling. 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

Companies with Reported Insider Positions

The SEC filings indicate Brian K Pauling has reported holdings or trades in the following companies:

How to Interpret the Charts

The following charts show the stock performance of securities subsequent to each open-market, non-planned trade made by Brian K Pauling. 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 NGL.PRC / NGL Energy Partners LP - Preferred Stock - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in NGL.PRC / NGL Energy Partners LP - Preferred Stock. 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 (%)
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.

Insider Sales NGL.PRC / NGL Energy Partners LP - Preferred Stock - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in NGL.PRC / NGL Energy Partners LP - Preferred Stock. 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 (%)
2013-03-14	NGL	Pauling Brian K	2,000	24.6500	2,000	24.6500	49,300	0	24.55	-200	-0.41
2013-02-27	NGL	Pauling Brian K	4,318	24.1768	4,318	24.1768	104,395
2013-02-26	NGL	Pauling Brian K	6,682	24.1006	6,682	24.1006	161,040
2013-02-25	NGL	Pauling Brian K	1,000	24.0400	1,000	24.0400	24,040
2013-02-22	NGL	Pauling Brian K	5,333	24.0335	5,333	24.0335	128,171
2013-02-20	NGL	Pauling Brian K	4,667	24.2393	4,667	24.2393	113,125
2012-12-11	NGL	Pauling Brian K	2,000	22.5000	2,000	22.5000	45,000
2012-12-10	NGL	Pauling Brian K	2,000	22.5000	2,000	22.5000	45,000
2012-12-07	NGL	Pauling Brian K	1,000	22.0000	1,000	22.0000	22,000
2012-12-07	NGL	Pauling Brian K	2,000	22.1000	2,000	22.1000	44,200
2012-12-07	NGL	Pauling Brian K	1,000	22.2500	1,000	22.2500	22,250
2012-12-07	NGL	Pauling Brian K	1,000	22.4000	1,000	22.4000	22,400
2012-12-07	NGL	Pauling Brian K	1,000	22.5000	1,000	22.5000	22,500
2012-11-27	NGL	Pauling Brian K	400	23.5000	400	23.5000	9,400
2012-11-27	NGL	Pauling Brian K	600	23.5010	600	23.5010	14,101
2012-11-27	NGL	Pauling Brian K	620	23.1700	620	23.1700	14,365
2012-11-27	NGL	Pauling Brian K	200	23.2100	200	23.2100	4,642
2012-11-27	NGL	Pauling Brian K	1,100	23.2500	1,100	23.2500	25,575
2012-11-27	NGL	Pauling Brian K	1,000	23.2000	1,000	23.2000	23,200
2012-11-26	NGL	Pauling Brian K	1,000	23.5000	1,000	23.5000	23,500
2012-11-21	NGL	Pauling Brian K	1,000	23.5500	1,000	23.5500	23,550
2012-11-21	NGL	Pauling Brian K	1,000	23.5000	1,000	23.5000	23,500
2012-11-20	NGL	Pauling Brian K	2,000	23.4500	2,000	23.4500	46,900
2012-11-19	NGL	Pauling Brian K	2,000	23.5000	2,000	23.5000	47,000
2012-11-19	NGL	Pauling Brian K	863	23.7500	863	23.7500	20,496
2012-09-04	NGL	Pauling Brian K	1,000	25.2501	1,000	25.2501	25,250
2012-08-31	NGL	Pauling Brian K	170	25.7500	170	25.7500	4,378
2012-08-30	NGL	Pauling Brian K	5	25.7500	5	25.7500	129
2012-08-29	NGL	Pauling Brian K	200	26.0000	200	26.0000	5,200

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

Insider Trading History

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