toggle

AAPL Stock: 116.47 ( + 0.16 )

Printed from http://www.macnn.com

Apple executives sell $100M worth of shares

updated 10:00 am EDT, Mon April 26, 2004

Apple insider trades

Between April 19 and April 22, six Apple executives . With shares of Apple flirting at three-year highs, Tim Cook (Executive VP) sold about $33 million, Fred Anderson (CFO) sold about $22 million, Sina Tamaddon (Senior VP) sold about $19 million, Jon Rubinstein (Senior VP) sold about $14.5 million, Phil Schiller (Senior VP) sold about $7 million, and Nancy Heinen (Senior VP) sold $5.6 million worth of stock. Most of the sales came from exercised options.




by MacNN Staff

POST TOOLS:

TAGS :

toggle

Comments

  1. Eug Wanker

    Joined: Dec 1969

    0

    Expense those options!

    No wonder the investors want Apple to expense those options.

  1. testudo

    Joined: Dec 1969

    0

    Re: Expense those option

    They will be. The topic of expensing options has to do when a company expenses them, not whether they get expensed or not. The current (previous) way of doing this is to expense them when they are exercised, not when they are given. The argument is that you don't know the price of the option when its given, as the actual cost isn't determined until they are exercised. The problem some people have is that you don't see these on the balance sheet on the quarterly reports, so the company looks like its in better shape then it really is.

    On the other hand, writing them off when they're given (even though they may never be exercised) gives as false of an impression of a company losing money and verge of bankruptcy, reducing their ability to get funding.

    Whether you buy any of that, I don't know and don't care. I'm not even sure I buy it (hey, if analysts are smart enough to ignore the one-time gains/losses on a quarterly report, they should be smart enough to determine how stock options are affecting the so-called bottom line as well). But that's just what the deal is here.


    So, Apple's next quarterly report should be showing this up as an expense. This could be seen a couple of ways. One, they all know the stock price is way overpriced, won't reach this plateau for a while again, so they all want to sell to get some porift (can't blame them for that). On the other hand, they might think the price is going to stablize here so Apple's bottom line won't be affected as much (yeah, right).

  1. kupan787

    Joined: Dec 1969

    0

    Re Expense...

    Big wigs like this can't just decide to sell Apple whenever they like (like you or me). They have to file with the SEC, and go through a bunch of hoops. So this was all setup weeks to months ago (before Apple started to shoot up and up). So don't think they are trying to offload stock because Apple is at a high. This is really no big deal.

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

MacNN Sponsor

Recent Reviews

Plantronics BackBeat Pro Bluetooth headphones

Looking for a pair of headphones that can do everything a user requires is a task that can take some study. Trying to decide on in-ear ...

MaxUpgrades 512GB Retina MacBook Pro SSD

Apple's Retina line of MacBook Pro notebooks have been impressive, right from their debut in 2012. Thinner than the previous model, t ...

Lemur BlueDriver

"Oh no, the check engine light is on…again! What one of the hundreds of reasons could it be this time? Probably going to cost a for ...

toggle

Most Commented