Microsoft chief executive Steve Ballmer has sold 49.3 million shares in the company worth some 1.33 billion dollars, according to a filing with the US Securities and Exchange Commission (SEC).
Ballmer, 54, confirmed in a statement late Friday he is "selling some of his holdings of Microsoft stock to gain financial diversification and to assist in tax planning before the end of the calendar year."
He stressed that the move should not be seen as a lack of confidence in the software giant and he remained "fully committed" to the company.
Microsoft said Ballmer held approximately 408 million shares in Microsoft before the latest sale and plans to sell up to 75 million shares by the end of the year.
According to the SEC filing, Ballmer sold 21.87 million shares, 14.35 million shares and 13.12 million shares between Wednesday and Friday.
He currently holds 358.91 million shares in Microsoft worth some 9.64 billion dollars, or 4.2 percent of the company.
Ballmer, 54, confirmed in a statement late Friday he is "selling some of his holdings of Microsoft stock to gain financial diversification and to assist in tax planning before the end of the calendar year."
He stressed that the move should not be seen as a lack of confidence in the software giant and he remained "fully committed" to the company.
Microsoft said Ballmer held approximately 408 million shares in Microsoft before the latest sale and plans to sell up to 75 million shares by the end of the year.
According to the SEC filing, Ballmer sold 21.87 million shares, 14.35 million shares and 13.12 million shares between Wednesday and Friday.
He currently holds 358.91 million shares in Microsoft worth some 9.64 billion dollars, or 4.2 percent of the company.
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