If Michael Dell is selling? When will Bezos sell?
Oh, I forgot. He's hedged!
<
WASHINGTON, Sept 29 (Reuters) - Senior Dell Computer Corp <DELL.O> executives, including founder and chief executive Michael Dell, have sold 2.3 million common shares worth about $266 million since late June, recent Securities and Exchange Commission documents showed.
Chief Executive Dell disposed of 2.1 million shares worth about $249 million late last month, according to a filing date-stamped September 28 by the SEC.
Dell founded the Round Rock, Texas-based company in 1984 while attending the University of Texas at Austin. He has been chairman, chief executive and a director since May 1984.
As of April 30, 1998, he held about 103 million shares, or 16.1 percent, of the personal computer distributor, according to Dell's June 2 proxy filing with the SEC.
Taking into account the company's August 18 2-for-1 stock split, his stake grew to about 206 million shares, or roughly 32 percent.
The company has about 1.3 billion shares outstanding.
Senior vice presidents Joseph Marengi and Michael Lambert have sold a combined 152,774 shares valued at approximately $17 million from June 23 through September 22.
The June proxy did not individually list their stakes in the company.
The executives revealed their sales in form 144 filings with the SEC. Those forms indicate an intention to sell stock as well as stock actually sold.
18:40 09-29-98
> |
