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Bills Gates's ownership in Apple

         

Compworld

5:41 pm on Apr 20, 2004 (gmt 0)

WebmasterWorld Senior Member 10+ Year Member



When Gates bailed out Apple in 1997, it was said to be an approx. injection in the form of shares totaling $150 Million USD. Since the stock was tanking to all new lows, it was said to be a significant amount. Does anyone know how much of Apple is still controlled/owned by Bill Gates?

CompWorld

bcolflesh

8:36 pm on Apr 20, 2004 (gmt 0)

WebmasterWorld Senior Member 10+ Year Member



From Apple's 2003 SEC filing:

"In August 1997, the Company and Microsoft Corporation (Microsoft) entered into patent cross license and technology agreements. In addition, Microsoft purchased 150,000 shares of Apple Series A nonvoting convertible preferred stock ("preferred stock") for $150 million. These shares were convertible by Microsoft after August 5, 2000, into shares of the Company's common stock at a conversion price of $8.25 per share. During 2000, 74,250 shares of preferred stock were converted to 9 million shares of the Company's common stock. During 2001, the remaining 75,750 preferred shares were converted into 9.2 million shares of the Company's common stock."