updated 08:30 am EST, Mon November 8, 2004
Apple employees sell stock
Seven insiders at Apple Computer in October. So far this year, 10 top executives have sold $229 million in company shares, writes SiliconValley.com. Senior Vice President of Hardware Engineering Jonathan Rubinstein had the largest gain, exercising options to buy 500,000 Apple shares for $17.31 each, selling them the same day for prices ranging from $38.61 to $38.98 each, for a gain of $10.7 million. Other members of the company's senior management with gains from Apple options last month included General Counsel Nancy Heinen, $9.7 million; Senior Vice President of Retail Ronald Johnson, $9.6 million; and Senior Vice President of Software Engineering Bertrand Serlet, $1.3 million.