Insiders are Selling Shares of This Giant Tech Company

The following insiders of Apple Inc. (NASDAQ:AAPL) have recorded some interesting transactions amidst swirling rumors of Steve Jobs departure and an iPad 2 launch:

  • Millard S. Drexler, who is a Director, sold 8,000 shares at a market price of $313.60 for total proceeds of $2,505,280.  He now holds 12,000 shares of AAPL, or approximately 0.001% of the 921,280,000 shares outstanding.
  • Ronald B. Johnson, who is a Senior Vice President, exercised 150,000 options at $11.73 and subsequently sold 150,000 shares at a market price of $306.07, for net proceeds of $44,151,000.  He now holds 232,015 shares of AAPL, or approximately 0.025% of the 921,280,000 shares outstanding.
  • Arthur D. Levinson, who is a Director, sold 15,000 shares at a market price of $307.00 for total proceeds of $4,605,000.  He now holds 223,785 shares, or approximately 0.024% of the 921,280,000 shares outstanding.
  • Bertrand Serlet, who is a Senior Vice President, sold 20,000 shares at market prices between $339.21 and $355.37 per share for total proceeds of $6,945,800.  He now holds 121,314 of AAPL stock, or approximately 0.013% of the 921,280,000 shares outstanding.
  • Jeffrey E. Williams, who is a Senior Vice President, exercised 2,500 options at $46.57 per share and sold 32,500 shares at market prices between $344.45 and $350 per share, for net proceeds of $11,122,611.  He now holds 39,683 of AAPL stock, or approximately 0.004% of the 921,280,000 shares outstanding.

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