The Mac Observer

Skip navigational links

You're viewing an article in TMO's historic archive vault. Here, we've preserved the comments and how the site looked along with the article. Use this link to view the article on our current site:
Apple COO Tim Cook Sells $41M in Stock

Apple COO Tim Cook Sells $41M in Stock

by , 4:55 PM EDT, March 27th, 2008

Apple Chief Operating Officer (COO) Tim Cook sold 300,000 shares of Apple stock on Monday at $135.86, according to MarketWatch on Thursday. The total is nearly US$41M. In addition, Mr. Peter Openheimer, Apple's Chief Financial Officer (CFO), sold US$19M worth of stock.

The documents were filed with the Securities and Exchange Commission (SEC) on Wednesday. Mr. Cook's shares were converted from restricted stock which were vested and due to expire.

Mr. Oppenheimer's sale of US$19M was reported to be part of a prearranged stock trading plan.

In the past, Apple's officers of the corporation have been shrewd as opposed to careless about their stock sales, yet have always stayed within SEC rules. On the other hand, it's hard to say anything definitive about what these sales say, if anything, about Apple's near term future. Apple seems less affected by the economic slowdown, so far, and is expected to report a record number of Macs sold this quarter. The only tea leaves to read here may be just the soggy ones leftover in the kitchen sink.

Recent Headlines - Updated February 8th

Mon,12:40 PM
Three Ways to Protect your Apple Watch (and One Way Not To)
Sun,4:17 PM
MGG 591: If You Had a JBOD Would You Hold It Against Us?
Fri,5:30 PM
Ghostbusters Reboot gets its Own LEGO Kit
4:55 PM
Man Ties String to iPhone and Films Ski Run (Video)
4:45 PM
What To Do When Your Apple Watch Tells You NOT to Eat the Candy Bar
2:56 PM
‘Star Wars’ as a Grindhouse Trailer
2:29 PM
The iPad Pro and Apple Pencil Giveaway
1:26 PM
Apple to Supreme Court: You can Skip Samsung’s Patent Appeal
1:16 PM
TMO Daily Observations 2016-02-05: Streaming the Super Bowl, Time Machine’s Failure
10:57 AM
Want to Watch the Super Bowl on Your iPad for Free? There’s an App for That
9:33 AM
Final Cut Pro X Adds 4K Video Export for Apple Devices
8:55 AM
iOS: That Stupid [Bleep] Siri and Its [Bleep] Nicknames
  • __________
  • Buy Stuff, Support TMO!
  • Podcast: Mac Geek Gab
  • Podcast: Apple Weekly Report
  • TMO on Twitter!