This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Google Founders Plan to Sell Shares

MOUNTAIN VIEW, Calif. ( TheStreet) -- Google (GOOG - Get Report) co-founders Larry Page and Sergey Brin each intend to sell about 5 million shares of company stock under prearranged stock trading plans.

The plans, adopted Nov. 30, will be part of a five-year diversification program for the executives' portfolios, according to a filing made Friday with the Securities and Exchange Commission.

Executives use such plans, in which stock sales are scheduled in advance over a period of time, to reduce the market impact of the sale on company stock, and to avoid investor concerns that the sales are based on access to negative inside information.

> > Bull or Bear? Vote in Our Poll

The co-founders of the Internet search giant collectively hold about 57.7 million shares of Class B common stock, or about 18% of the company's outstanding equity, and about 59% of shareholder voting power.

If they complete all the planned sales, they will hold approximately 47.7 million shares of common stock, representing about 15% of Google's equity, and retain 48% of the voting power.

Shares of Google ended Friday down $32.97, or 5.7%, at $550.01.

-- Written by a member of staff.
This article was written by a staff member of

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
GOOG $693.01 0.00%
TSLA $240.76 0.00%
YHOO $36.60 0.00%
AAPL $93.74 0.00%
FB $117.58 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs