Buy Google Stocks Straight from Larry Page and Sergey Brin !! Google Founders Share their Google Shares !
Great news for those who've been planning to invest in Google Inc.!
Legendary Google co-Founders, Larry Page and Sergey Brinn, have both decided to share a portion of their 57.7 million shares of Class B common stock with the public, greatly increasing the number of Google stocks available for trader purchase. (UPDATE: Exact number of shares to be sold coming from Page and Brinn shares - 5 million)
As part of their long-term personal strategies (perhaps to diversify their investment portfolios), the two have resolved to drop their 59% voting power at Google to just 48% and their combined holding from about 18% to 15%. Quoting UNITED STATES SECURITIES AND EXCHANGE COMMISSION:
Google shares are currently valued at roughly $550. Get in touch with your traditional or online broker NOW!
Legendary Google co-Founders, Larry Page and Sergey Brinn, have both decided to share a portion of their 57.7 million shares of Class B common stock with the public, greatly increasing the number of Google stocks available for trader purchase. (UPDATE: Exact number of shares to be sold coming from Page and Brinn shares - 5 million)
As part of their long-term personal strategies (perhaps to diversify their investment portfolios), the two have resolved to drop their 59% voting power at Google to just 48% and their combined holding from about 18% to 15%. Quoting UNITED STATES SECURITIES AND EXCHANGE COMMISSION:
On November 30, 2009, Larry Page and Sergey Brin each adopted stock trading plans in accordance with guidelines specified under Rule 10b5-1 of the Securities and Exchange Act of 1934 and Google’s policies regarding stock transactions. In the future, they will begin selling a portion of their Google stock pursuant to these stock trading plans.
Larry is a Co-Founder of Google and serves as Google’s President, Products and Sergey is also a Co-Founder of Google and serves as its President, Technology.
These pre-arranged stock trading plans were adopted in order to allow Larry and Sergey to sell a portion of their Google stock over time as part of their respective long-term strategies for individual asset diversification and liquidity. The transactions under these plans will be disclosed publicly through Form 4 and Form 144 filings with the Securities and Exchange Commission. Using these plans, they can gradually diversify their investment portfolios and can spread stock trades out over an extended period of time to reduce market impact. Because these plans were established well in advance of a trade, they also help avoid concerns about whether these officers had material, non-public information when they made a decision to sell their stock.
Larry and Sergey currently hold approximately 57.7 million shares of Class B common stock, which represents approximately 18% of Google’s outstanding capital stock and approximately 59% of the voting power of Google’s outstanding capital stock. Under the terms of these Rule 10b5-1 trading plans, and as a part of a five year diversification plan, Larry and Sergey each intend to sell approximately 5 million shares. If Larry and Sergey complete all the planned sales under these Rule 10b5-1 trading plans, they would continue to collectively own approximately 47.7 million shares, which would represent approximately 15% of Google’s outstanding capital stock and approximately 48% of the voting power of Google’s outstanding capital stock (assuming no other sales and conversions of Google capital stock occur).
Google shares are currently valued at roughly $550. Get in touch with your traditional or online broker NOW!
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