Internet Subcommittee Member Reports Selling $1M-$5M of Microsoft Stock
Posted at 10:57 a.m. on Aug. 23, 2013
A member of Congress who sits on the House Judiciary subcommittee with jurisdiction over Internet issues has reported selling between $1 million and $5 million of stock in the Microsoft Corp.
Rep. Suzan DelBene, D-Wash., reported on Wednesday that her spouse sold stock in the Microsoft Corporation (NASDAQ: MSFT) on July 22 with a value between $1,000,001 and $5,000,000. DelBene sits on the House Judiciary Committee and its subcommittee on Courts, Intellectual Property and the Internet.
Members of Congress are required to make their stock transactions public under the Stop Trading On Congressional Knowledge (STOCK) Act.
Update: Rep. DelBene’s district includes the Microsoft headquarters and she is a former Microsoft employee. Her husband, Kurt, announced in July he was retiring as a Microsoft executive.
In other filings, Rep. Vern Buchanan, R-Fla., reported he sold $1,000,001 to $5,000,000 of Lyrical Multi Manager Fund QP LP on July 1. He also sold $500,001 to $1,000,000 of Multi Manager Portfolio LLC on July 1. Buchanan sits on the House Ways and Means Committee.
Rep. Diane Black, R-Tenn., reported her spouse sold $500,001 to $1,000,000 of BBH Limited Duration Fund on July 31. Her spouse also bought $500,001 to $1,000,000 of Coatue Qualified Partner Series on Aug. 1. Black sits on the House Ways and Means Committee.
Rep. Rodney Frelinghuysen, R-N.J., reported he purchased $100,001 to $250,000 of Buffalo International on Aug. 7. Frelinghuysen sits on the House Appropriations Committee.
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