Gates to sell 5 million Microsoft shares

By Margaret Kane
Staff Writer, CNET News

Microsoft Chairman Bill Gates filed plans with the Securities and Exchange Commission to sell 5 million shares of stock in his company.

The planned sales are valued at $335.45 million. Gates, one of the richest people in the world, often sells shares of his company as part of a regular investment program. In May, he filed plans to sell 8 million shares.

Registering to sell the shares does not obligate Gates to sell them. He owns roughly 700 million shares of stock in the company.

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