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Google Founders page & Brin planning to sell Share worth 10 million

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Its is in the news that Google Inc founders Larry Page and Sergey Brin are planning to sell about 10 million of the company's shares over the next five years,as said by the company in a regulatory filing on Friday.

Page and Brin currently own about 57.7 million shares of Google's Class B common stock -- roughly 18 percent of Google's outstanding capital stock and about 59 percent of the voting power of Google's outstanding capital stock.

If the two founders both sell 5 million shares as planned, they would own about 47.7 million shares, which would represent around 15 percent of Google's outstanding capital stock and 48 percent of the voting power of Google's outstanding capital stock.

Page is currently Google's president of products and Brin is its president of technology.


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