Bill Gates Dumps 7 Million Microsoft Shares
Source: Information Week
Microsoft chairman made five "sell" transactions starting Aug. 3, according to SEC records.
August 10, 2009 01:53 PM
Microsoft (NSDQ: MSFT) chairman Bill Gates is trimming his stock portfolio--he's sold off 7 million shares in the company he founded since the beginning of August.
Securities and Exchange Commission records show Gates launched the selloff on August 3rd, when he disposed of 2 million shares at a price of $24.17 per share. Gates then made four additional sales of shares totaling 5 million through Friday.
The price Gates received for the shares ranged from $23.64 to $24.17. Microsoft shares were off .81% to $23.17 in afternoon trading Monday. The company on Sunday announced a deal to sell its Razorfish digital ad agency to France's Publicis Groupe for $530 million in cash and stock.
Gates divestitures hardly make him a minority stakeholder in Microsoft. Even after the sale, he still holds more than 726 million shares in Microsoft, which in total are worth about $17 billion. Some executives routinely divest large numbers of shares in their companies for diversification or tax purposes. LinkHere
Microsoft chairman made five "sell" transactions starting Aug. 3, according to SEC records.
August 10, 2009 01:53 PM
Microsoft (NSDQ: MSFT) chairman Bill Gates is trimming his stock portfolio--he's sold off 7 million shares in the company he founded since the beginning of August.
Securities and Exchange Commission records show Gates launched the selloff on August 3rd, when he disposed of 2 million shares at a price of $24.17 per share. Gates then made four additional sales of shares totaling 5 million through Friday.
The price Gates received for the shares ranged from $23.64 to $24.17. Microsoft shares were off .81% to $23.17 in afternoon trading Monday. The company on Sunday announced a deal to sell its Razorfish digital ad agency to France's Publicis Groupe for $530 million in cash and stock.
Gates divestitures hardly make him a minority stakeholder in Microsoft. Even after the sale, he still holds more than 726 million shares in Microsoft, which in total are worth about $17 billion. Some executives routinely divest large numbers of shares in their companies for diversification or tax purposes. LinkHere
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