Consumer Electronics
Michael Dell Buys $100 Million More in Dell Shares (DELL)
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Michael Dell is trying to show that all is well inside Dell Inc. (NASDAQ: DELL). An SEC filing (Form 4) shoed that Michael Dell spent $100 million to acquire some 7.37 million shares of Dell common stock on December 17 at a volume-weighted average price of $13.5688 per share.
The exact value was listed in the Form 4 filing as $100,002,056.00 in the open market transactions.
This puts his personal Direct holdings at 232,912,682 shares. Another 26,984,832 shares is listed as “held by spouse,” and another 98,184 are listed under his 401K plan and another 2,964,869 shares is listed as held by family trusts.
Many insider selling transactions are paid attention to while others are ignored. Even for a billionaire, an acquisition of $100 million is usually meant to draw attention.
JON C. OGG
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