Apple execs sell AAPL

Apple's executives have this year, including the company's chief software technology officer, Avadis Tevanian who made just over $33 million by exercising options this year, including two recent sales in November. Tevanian has sold more than 300,000 shares of Apple stock since November 1st, according to San Jose Mercury News: "Tevanian acquired 300,000 shares through option exercises Nov. 1 that allowed him to buy Apple stock at $8.41 a share, or about $2.5 million... That same day he sold those shares for $17.2 million at prices ranging from $57.14 to $57.74 each. On Dec. 1, he acquired 300,000 more shares through option exercises," which netted him nearly $21 million. The option exercises and stock sales were made according to a plan Tevanian set up in January that pre-sets the amounts, prices and dates for such sales, or establishes a formula for determining them.

by MacNN Staff