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Microsoft Pri0

Welcome to Microsoft Pri0: That's Microspeak for top priority, and that's the news and observations you'll find here from Seattle Times technology reporter Matt Day.

February 12, 2009 at 7:28 PM

Microsoft’s new Online boss gets 390,422 shares, vesting over 4 years

Qi Lu, the Yahoo executive lured by Steve Ballmer to head Microsoft’s Online Services Group, was awarded 390,422 shares of company stock Wednesday, according to this SEC filing. The shares will vest as follows over the next four years: “20% on January 5, 2010, 20% on January 5, 2011, 20% on January 5, 2012, and 40% on January 5, 2013, subject to continued employment.” At Wednesday’s closing price of $19.21 a share, the award is worth $7.5 million. Lu owned 200 shares before the award, according to a separate SEC filing.

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