updated 03:55 pm EDT, Mon July 26, 2004
Apple VPs cash out options
A pair of exercised stock options for big payouts, according to CBSMarketWatch.com: "Avadis Tevanian Jr. and Jonathan Rubinstein -- cashed out a chunk of options last week. Tevanian sold 350,000 shares for $11.2 million, while Rubinstein sold 300,000 shares for $9.6 million. In April, Rubinstein sold a total of 700,000 shares for $19.4 million."