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  • Apple's Top Legal Eagle Bails on AAPL


    Apple's top legal counsel is ringing the register and cashing in on his shares of AAPL.

    Based on information contained within a recent filing with the US Security and Exchange Commission, Apple's general counsel Bruce Sewell has parted with 2,438 shares of AAPL at $549 per share and another 2,700 shares at $550 per share. If you do the math, that amounts to a staggering $2.8 million.

    But that wasn't Sewell's only cash grab this month. According to SEC records, Sewell also sold 5,137 shares of AAPL stock on November 1st - a move that delivered a cool $3 million to Apple's legal guru.

    As more time passes, we're learning that Sewell wasn't alone in his selling ways of late. Just four days ago, Apple Chairman of the Board Arthur Levinson sold 7,500 shares of AAPL (when the stock was trading at $560) to take home a hefty chunk of change amounting to $4.2 million.

    Source: Apple Insider
    This article was originally published in forum thread: Apple's Top Legal Eagle Bails on AAPL started by Michael Essany View original post
    Comments 13 Comments
    1. oddphone20's Avatar
      oddphone20 -
      Maybe they know something we don't?
    1. bluestrk's Avatar
      bluestrk -
      Quote Originally Posted by oddphone20 View Post
      Maybe they know something we don't?
      It would definitely seem that way lol.
    1. ferris419's Avatar
      ferris419 -
      Wish I had a few thousand shares!! Must be nice.
    1. thazsar's Avatar
      thazsar -
      Kinda scary....another Enron???
    1. ferris419's Avatar
      ferris419 -
      Quote Originally Posted by thazsar View Post
      Kinda scary....another Enron???
      Lmfao....
    1. Orby's Avatar
      Orby -
      Quote Originally Posted by thazsar View Post
      Kinda scary....another Enron???
      Either those shares/put options JUST vested and everybody wants a payday, or everybody and their grandma is trying to get out ASAP without sending the shares spiraling down prematurely.

      Or the lawyer just wanted six and a half million inside of a week to finance his new yacht. Either or.
    1. drigo1178's Avatar
      drigo1178 -
      are those all of the shares they had? if they dumped all of the shares then i can see something to get worried about.
    1. ferris419's Avatar
      ferris419 -
      Quote Originally Posted by drigo1178 View Post
      are those all of the shares they had? if they dumped all of the shares then i can see something to get worried about.
      Exactly my thoughts.....
    1. steve-z17's Avatar
      steve-z17 -
      I wouldn't call $2.8 million "staggering", it's quite a bit of money but there are others that have way more money in stock than that. I wonder if they're retiring or being, "asked" to leave.
    1. thazsar's Avatar
      thazsar -
      Quote Originally Posted by Orby View Post
      Either those shares/put options JUST vested and everybody wants a payday, or everybody and their grandma is trying to get out ASAP without sending the shares spiraling down prematurely.

      Or the lawyer just wanted six and a half million inside of a week to finance his new yacht. Either or.
      My dibs are on the yacht! LOL!
    1. *T*'s Avatar
      *T* -
      3mil is not enough to buy a yacht guys...
    1. micaiah12's Avatar
      micaiah12 -
      Heck, I would do the same. I mean with the economic crash that we are about to head into. I would put that 2.8 million into some nice hard gold.
    1. unison999's Avatar
      unison999 -
      cash in on some stock for Christmas bonus.