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 August 1st

Sat,10:30 AM
Rachio Iro - The Smart Sprinkler Controller
Fri,10:00 PM
Apple Has Starring Role in New Crypto War
5:40 PM
How to Create Signatures in Mail.app in iOS and OS X
5:00 PM
The Reason Why No Company Can Duplicate Apple’s iPhone Appeal
3:40 PM
Wondershare PDFelement for Mac and OCR Plug-In: $39.99
1:49 PM
TMO Daily Observations 2015-07-31: New Apple TV Rumors, Google Defies France
10:42 AM
Google Stands Up to France, Refuses Global “Right to be Forgotten” Order
8:56 AM
iPhone 6 and 6 Plus: Turning Off Reachability
Thu,6:43 PM
New Apple TV Hardware Reportedly Coming in September
5:10 PM
Middle Earth: Shadow of Mordor Released for Mac and Linux
4:51 PM
Safari Offers Longer Battery Life than Chrome or Firefox
3:10 PM
How to Use Siri on Apple Watch to Create Immediate Countdown Timer
  • __________
  • Buy Stuff, Support TMO!
  • Podcast: Mac Geek Gab
  • Podcast: Apple Weekly Report
  • TMO on Twitter!