FLC · Insider Trading

Flaherty & Crumrine Total Return Fund Incorporated

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Every open-market purchase and sale reported by FLC officers, directors and 10%+ beneficial owners on SEC Form 4, which must be filed within two business days of the transaction. Sales often reflect scheduled 10b5-1 plans or tax withholding rather than a directional view, so read counts alongside the size and the filer.

Form 4 Filings

most recent

Open-Market Buys

code P

Sales

code S

Reporting Insiders

current holders

FLC — Recent Form 4 Transactions (latest 2016-03-18)

Filed	Insider	Role	Type	Shares	Value
2016-03-18	Robert F Wulf	Director	Buy	+2,371	+$48.31K
2013-08-06	Karen Hanovice Hogan	Director	Buy	+500	+$9.56K
2013-06-04	Bradford S Stone	VP and Asst. Treasurer	Buy	+1,500	+$29.25K
2013-06-03	Chad Conwell	CCO, VP and Secretary	Buy	+500	+$9.72K
2013-05-30	Bradford S Stone	VP and Asst. Treasurer	Buy	+1,000	+$20.76K
2012-03-06	Robert F Wulf	Director	Buy	+3,910	+$74.92K
2011-08-10	Robert M Ettinger	President	Buy	+10,000	+$159.42K
2011-08-09	Robert M Ettinger	President	Buy	+18,400	+$305.81K
2011-05-03	MERRILL LYNCH, PIERCE, FENNER & SMITH INC.	10%+ Owner	MIXED	—	−$523
2011-03-17	MERRILL LYNCH, PIERCE, FENNER & SMITH INC.	10%+ Owner	MIXED	—	−$1.43K
2010-01-06	Karen Hanovice Hogan	Director	Buy	+375	+$5.47K
2009-01-05	Robert F Wulf	Director	Buy	+200	+$1.71K
2008-12-31	David Gale	Director	Buy	+1,000	+$7.74K
2007-12-19	Robert F Wulf	Director	Buy	+200	+$3.28K
2007-08-02	Robert M Ettinger	President	Buy	+3,400	+$64.77K
2007-07-31	Robert F Wulf	Director	Buy	+100	+$1.94K

FLC Insider Trading FAQ

Who are the insiders at FLC?

No current Form 4 beneficial owners are on file for FLC.

Are FLC insiders buying or selling?

Across the 16 most recent Form 4 filings for FLC, 14 were open-market purchases (code P) and 0 were sales (code S). Sales frequently reflect scheduled 10b5-1 plans or tax withholding rather than a view on the stock.

How current is FLC insider data?

Form 4 must be filed within two business days of the transaction, so this is close to real time. The most recent FLC filing is dated 2016-03-18.

How to read Form 4 activity

Form 4 reports a change in beneficial ownership by an officer, director or 10%+ holder, and must be filed within two business days of the transaction — so this is close to real time, unlike the 45-day-lagged 13F institutional data.

Transaction codes matter more than the raw buy/sell count. Code P is an open-market purchase — an insider choosing to buy with their own money, which is the signal most research treats as informative. Code S is a sale, but sales are frequently pre-scheduled under a 10b5-1 plan or cover tax withholding on vesting equity, so a run of sales often says nothing directional. Codes A and M are grants and option exercises rather than open-market decisions.

Full filing history and per-insider positions are on the FLC quote page; the site-wide leaderboard is on the insider transactions hub.