INSIDER TRADING STATISTICS

Information about insider transactions in securities are reported to the SEC on Form 3, Form 4 and Form 5 required to be filed under Section 16 of the Securities Exchange Act of 1934, and on Form 144 required under Rule 144.

Filings on Form 3, 4 and 5 report transactions that have already occurred. Reports on Form 144 are made in advance of certain sale transactions.

Information contained in these reports is widely reported on most financial news websites under the label "Insiders" or "Insider Trading." An example of insider trades for Microsoft can be found on the Yahoo! website at http://biz.yahoo.com/t/m/msft.html.

Also, when a person or group of persons acquires beneficial ownership of more than 5% of a class of a company's equity securities, they are required to file a Schedule 13D with the SEC to report beneficial ownership and material changes in beneficial ownership. You can find the Schedule 13D reports for most publicly traded companies in the SEC's EDGAR database in the same place as the company's Form 10-K, 10-Qs and other filings.

Click here for Frequently Asked Questions (FAQs) about Insider Trading.

Click here for Frequently Asked Questions (FAQs) about Section 16 reporting obligations.