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11-12-2012, 04:08 PM #1
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
11-12-2012, 04:16 PM #2
Maybe they know something we don't?
11-12-2012, 04:21 PM #3
11-12-2012, 04:52 PM #4
Wish I had a few thousand shares!! Must be nice.
11-12-2012, 04:58 PM #5
Kinda scary....another Enron???
11-12-2012, 06:06 PM #6
11-12-2012, 06:12 PM #7
Or the lawyer just wanted six and a half million inside of a week to finance his new yacht. Either or.
11-12-2012, 06:29 PM #8
are those all of the shares they had? if they dumped all of the shares then i can see something to get worried about.
11-12-2012, 07:14 PM #9
11-12-2012, 08:02 PM #10
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.
11-12-2012, 08:13 PM #11
11-12-2012, 08:46 PM #12
3mil is not enough to buy a yacht guys...
11-12-2012, 10:04 PM #13
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.
11-12-2012, 11:06 PM #14
cash in on some stock for Christmas bonus.