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AAPL Stock: 109.27 ( -1.1 )

Printed from http://www.macnn.com

Apple's Bob Mansfield sells stock worth over $13.6 million

updated 04:40 pm EDT, Wed April 27, 2011

Hardware VP a regular Apple trader

Apple's senior VP of hardware, Bob Mansfield, has made his largest-ever sale of Apple stock, an SEC Form 4 filing reveals. On Monday Mansfield is reported to have sold 38,863 shares of company stock, each worth $351.89 at the time. The deal returned $13,675,504.96, leaving just 501 Apple shares in his holdings.

Mansfield has traded Apple stock frequently when compared with other executives at the company. During the last three years he has sold almost $58.5 million worth of investments, taking home $37.9 million after taxes. The VP is known to regularly buy and sell as Apple shares hit valleys and peaks; during buying phases he has the additional advantage of a 15 percent employee discount.

The executive is believed to have strong incentive to stay with his current bosses. He has fully-vested options to buy 30,000 shares at $36.54 each, and 100,000 RSUs (restricted stock units) with a strike price of zero, which will vest in 2014. The company is also riding high on Mac and iPhone hardware, which Mansfield is directly responsible for.




by MacNN Staff

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Comments

  1. mattack

    Joined: Dec 1969

    +2

    Does Not Get 15% discount.

    >The VP is known to regularly buy and sell as Apple shares hit valleys and peaks; during buying
    >phases he has the additional advantage of a 15 percent employee discount.

    That's entirely false. You are conflating entirely unrelated things. There is the ESPP, which many companies have. That gives a discount *at a set time*. If he is buying & selling on his own, that's entirely unrelated.

  1. DrSkywalker

    Joined: Dec 1969

    +7

    Good for him

    He's taken responsibility for a challenging position and made his company a bucketload of dough. Congratulations and enjoy trying to spend it all. Without proper guidance, we could have easily been looking at less than stellar products (remember the Newton?).

    Comment buried. Show
  1. facebook_Clarence

    Via Facebook

    Joined: Apr 2011

    -26

    Smart man

    He knows Apple is a sinking ship. I bet he's going to buy himself a shiny new Android phone too.

    - Sent from my Android device.

  1. Flying Meat

    Joined: Dec 1969

    -3

    Leaving him 501 shares

    Hey! Does that mean he sees a few rounds of splits coming? ;)

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