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updated 11:16, Tue November 06, 2007

Microsoft Chairman Bill Gates Sells 2 Million Shares

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NEW YORK (AP) -- Bill Gates, the chairman of Microsoft Corp., sold 2 million shares of common stock, according to a Securities and Exchange Commission filing Friday.

In a Form 4 filed with the SEC, Bill Gates reported selling the shares Wednesday for $36.71 to $36.96 apiece.

Insiders file Form 4s with the SEC to report transactions in their companies' shares. Open market purchases and sales must be reported within two business days of the transaction.

Microsoft is based in Redmond, Wash.

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