Chairman Sells $3.9M Worth of Rackspace

• ByJonathan Moreland, RealMoney Contributor
• On 9:22 am EDT, Wednesday September 16, 2009

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 Tuesday 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.

Legend International (LGDI) Kisan International Trading Fze BO 5,900,964 $3,540,578 Stone Tan China Acquisition (STTA) Spac Trust BO 55,455 $439,758 Stone Tan China Acquisition (STTA) Stone Roger W CB,DIR, BO 36,970 $293,172 HCC Insurance Holdings (HCC) Molbeck John Niels Jr CEO,PR, DIR 10,000 $272,380 Trans World Entertainment (TWMC) Miller Lloyd I III BO 128,316 $115,484 Community Trust Bancorp Ky (CTBI) Johnson Hobart C O 2,000 $51,000 Harleysville Savings Financial (HARL) Mcgill Brendan J CFO,VP 3,511 $49,119 Revett Minerals (RVM) Alford Tony L DIR 450,000 $45,000 DWS Global Commodities Stock Fund (GCS) Benchmark Plus Management LLC BO 4,200 $33,291 Merriman Curhan Ford (MERR) Merriman D Jonathan CEO,DIR, BO 27,400 $30,414

Rackspace Hosting (RAX) Weston Graham M CB,DIR, BO 275,000 $3,938,813 Universal Health Services (UHS) Miller Marc D PR,DIR 60,000 $3,744,169 HMS Holdings (HMSY) Miller III William F DIR 50,000 $1,908,000 Berkshire Hathaway (BRK) Bill & Melinda Gates Foundation BO 500 $1,629,592 General Moly (GMO) Coghill Capital Mgt LLC BO 505,200 $1,595,080 Mednax (MD) Fernandez Michael DIR 30,778 $1,586,914 Georesources (GEOI) Chandler Energy LLC X,BO 70,000 $777,124 Oceaneering International (OII) Kerins Kevin F VP 12,600 $728,423 Oceaneering International (OII) Migura Marvin J CFO,VP 11,200 $655,231 Oceaneering International (OII) Haubenreich George R Jr VP,GC, SEC 10,000 $580,004

Buzz up!