updated 11:16 am EDT, Wed May 2, 2012
Wipes out 95 percent of personal AAPL holdings
The senior VP of iOS software at Apple, Scott Forstall, sold 95 percent of his available company stocks last Friday, an SEC filing reveals. In total 65,151 shares were sold off, valued at $38.7 million. The remaining 2,988 shares were worth $1.8 million at the close of Friday trading.
The liquidated stocks were the leftovers of a retention incentive from 2008, which amounted to 120,000 shares. A small amount of shares were disposed of in March in order to pay taxes. Forstall technically has another 250,000 shares in his possession, but 100,000 of these will only vest in 2014, while another 150,000 will vest in 2013 and 2016.