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.

Observer Comments

Show: Subjects Only | Full Comments
Close Name:Guest
Subject:

Maybe he wants to buy a boat. A really nice boat.

Comment on this Article


You cannot edit your comments.   You cannot delete your comments.

Comments are currently closed. Please email the author instead.


Recent Headlines - Updated November 21st

Fri, 7:07 PM
Games - Soccer Sim Championship Manager 2010 Released for Mac
6:47 PM
Games - EA Publishes Original Monopoly for iPhone
6:15 PM
News - Original Apple I on Ebay for $50K, w/Letter from Steve Jobs
6:11 PM
Games - New iPhone Games: Secret of the Lost Cavern Ep 1, New DJ Nights, More
5:47 PM
Games - Star Trek D-A-C Game Headed to the Mac Next Month
4:57 PM
Product News - TidBITS Releases “Take Control of Syncing Data in Snow Leopard”
4:26 PM
John Martellaro's Blog - Particle Debris (week ending 11/20) Stationery Pads Go Poof
2:59 PM
Free on iTunes - Musée du Louvre, Art Lite, SketchBook Mobile X and More.
1:50 PM
Deal Brothers - Acer P215H bmid 21.5” Widescreen LCD Monitor:  $139.99
11:24 AM
TMO Appearances - Jeff Gamet Shares More Holiday Gift Ideas on MacJury
10:43 AM
Product News - Cocktail 4.5 for Leopard Adds QuickLook Cache Clearing
10:06 AM
News - Hack Enables Mac OS X 10.6.2 on Netbooks

The Mac Observer Reader Specials

  • __________
  • Buy Stuff, Support TMO!
  • Podcast: Mac Geek Gab
  • Podcast: Apple Weekly Report
  • TMO on Twitter!