Gates sells 16 Million Microsoft shares, rakes in $421 milli
CRN.com | at | by Mike
Microsoft's chairman Bill Gates took advantage of his company's recent stock run-up to sell 16 million shares over a six day period that netted him $421 million and change.
According to Securities and Exchange Commission filings, Gates sold 16 million shares of common stock starting July 27 and ending August 3 at prices ranging from $25.65 to $27.37.
The transactions ranged in size from the largest sale of 942,181 shares to the smallest of just 100 shares. Gates' biggest days were August 2, when he sold over 4 million shares for just over $106 million, and the next day, August 3, when he sold slightly under 4 million shares for a total of nearly $109 million.