Advertising

The Seattle Times Company

NWjobs | NWautos | NWhomes | NWsource | Free Classifieds | seattletimes.com

Business / Technology


Our network sites seattletimes.com | Advanced

Microsoft Pri0

Welcome to Microsoft Pri0: That's Microspeak for top priority, and that's the news and observations you'll find here from Seattle Times reporter Sharon Chan.

E-mail Sharon| RSS feeds Subscribe | Blog Home| Brier Dudley's Blog

March 31, 2008 3:42 PM

Microsoft employees buying fewer shares of company stock

Posted by Benjamin J. Romano

Today is one of four days each year that Microsoft employees can buy company stock at 90 percent of its fair-market value as part of the company's employee stock purchase plan. A report filed today on that plan shows that Microsofties have purchased fewer shares of company stock through the program per capita in each of the past two years.

(Update, Wednesday afternoon:
Note this post responding to readers who suggested a better way to evaluate the figures reported here.)

Microsoft shares closed at $28.38 today, up 47 cents, or 1.7 percent. For the first quarter of 2008, which ends today, Microsoft is down about 20 percent. The stock is up slightly from a year ago.

The company today filed details of its 2003 Employee Stock Purchase Plan with the SEC. Among other things, the filing reports the number of shares employees purchase through the plan in each of the past three years. (Recall that in July 2004, the company changed the discount granted to employees from 15 percent to 10 percent off market price, so fair comparisons can only be made starting with 2005 -- the first full year under the current terms of the plan.)

Here are the number of shares purchased through the plan, the number of employees Microsoft reported at June 30, and a rough estimate of shares purchased per employee for each year:

2007: 16,774,379 shares; 78,565 employees; 213.5 shares/employee.

2006: 17,288,724 shares; 71,172 employees; 242.9 shares/employee.
2005: 17,075,478 shares; 61,000 employees; 279.9 shares/employee.

So, in 2007, there were at least 7,393 more Microsoft employees (I say at least because the aQuantive acquisition closed after June 30, 2007, adding 2,600 more workers) than in 2006, yet, as a group, they bought 514,345 fewer shares. Granted, Microsoft's stock was trading higher for most of 2007 than it was in 2006. But as you can see, the trend extends back to 2006 vs. 2005.

Any employees want to chime in on why you're buying less company stock through the program?

Digg Digg | Newsvine Newsvine

Comments
No comments have been posted to this article.

Advertising

Marketplace

Donate food for LeMay discount; tips to prep car for winternew
LeMay visitors can donate food to get a museum discount Throughout November, LeMay — America's Car Museum will offer a discount to those who don...
Post a comment

Advertising

Advertising

Categories
Calendar

May

Sun Mon Tue Wed Thu Fri Sat
          1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30
31            
Browse the archives

May 2009

April 2009

March 2009

February 2009

January 2009

December 2008

From the tech blogosphere