Cloud Computing: Bill Gates $578M Planned Microsoft Stock Sale

November 4, 2014 Off By David

Grazed from Barrons. Author: Grace L. Williams.

From Oct. 27 to 29, three Microsoft (ticker: MSFT ) insiders including iconic co-founder Bill Gates sold 12,525,000 shares for $578,746,953, an average of $46.21 each. Gates’ transaction was the largest, a 10b5-1 planned sale of 12,500,000 shares for $577,601,150. Gates now directly holds 285,492,934 shares, a stake of 3.4% in Microsoft, down from 3.6%. His most recent previous transaction was on July 30 when he sold 7,589,200 shares for $331,000,000, an average of $43.62 each, also through a 10b5-1 planned sale.

Frank H. Brod, corporate vice president, finance and administration, and chief accounting officer, sold 22,000 shares for $1,007,980. Brod now directly holds 115,708 Microsoft shares. His most recent previous transaction was on July 28 when he sold 1,500 shares for $66,100, an average of $44.04 each. Maria M. Klawe, a director, sold 3,000 shares for $137,895 in her first open-market transaction. Klawe now directly holds 23,105 Microsoft shares…

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