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Bill Gates Sells $26 Million Worth of
Microsoft
LOS ANGELES (Reuters) - Microsoft Corp.
(Nasdaq:MSFT
- news)
Chairman Bill Gates (news
- web
sites) sold 1 million shares of Microsoft stock last Friday at
prices ranging from $26.155 to $26.38 each, the company said in a
series of regulatory filings on Tuesday.
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In forms filed with the U.S. Securities and Exchange Commission
(news
- web
sites), Microsoft said Gates sold the shares in a number of
transactions during the day, realizing at least $26.2 million from
the sales.
After the sales, he was left with more than 1 billion Microsoft
shares, according to the filings.
Gates' sales come about two months after Microsoft Chief
Executive Steve Ballmer sold shares worth $1.45 billion in a series
of transactions over two weeks.
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