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 CFO, VP Of Applications File To Sell AAPL Shares

Apple CFO, VP Of Applications File To Sell AAPL Shares

by , 10:00 AM EDT, May 14th, 2002

Reuters is reporting that Apple CFO Fred Anderson has filed to sell more of his Apple holdings, an additional 159,332 shares. According to the report, Mr. Anderson acquired the shares by exercising options. This marks the third SEC filing Mr. Anderson has made to sell AAPL shares since April 23rd (see list of recent executive selling below).

The filings were made last week; Apple was hosting its annual World Wide Developer Conference at that time.

Executives of publicly held companies are required by the SEC to formally file their stock transactions involving stock from the company for whom they work.

The report also notes that Sina Tamaddon, Senior Vice President of Applications, has also filed to sell 250,000 shares of his Apple holdings. The report says that Mr. Tamaddon is a member of Apple's Board of Directors, though Apple indicates he is not a member of the Board and carries the above title. That transaction was also filed to take place on May 8th. From the Reuters story:

Apple Computer Inc. Chief Financial Officer Fred Anderson planned to sell $3.8 million worth of shares in the computer manufacturer, a U.S. regulatory filing made public on Monday showed.

In a separate filing, also dated May 8, Apple board member Sina Tamaddon said he planned to sell 250,000 Apple shares valued at $6.1 million.

You can see all of Apple's insider transactions at Yahoo!'s Web site. Apple's stock closed Monday at 23.94, up 0.62 (-0.76%) on moderate volume of 4,743,000 shares trading hands. Join in on the discussion of insider transactions in our Apple Finance Boards.

Recent Apple insider transactions:


If you are interested in Apple's stock, join our forum members in the Apple Finance Boards, a moderated forum for Apple Investors and people who are interested in Apple's financial dealings. For other stories regarding Apple's stock activity, visit our updated Apple Stock Watch Special Report.

Recent Headlines - Updated February 12th

Mon,12:40 PM
Three Ways to Protect your Apple Watch (and One Way Not To)
Thu,7:10 PM
LUX Lightning Cables on Kickstarter: MFi-Certified, Thicker Cable, Nylon Wrapped
6:32 PM
VoIP-Pal Hits Apple, AT&T, Verizon with $7B Patent Lawsuit
5:25 PM
Apple Selling View-Master Virtual Reality Starter Pack
4:45 PM
X-Doria Revel Apple Watch Case is Colorful, Durable
4:34 PM
Beyond Ink Pen: $49
1:57 PM
Find Your Promised and Provisioned Comcast Internet Speeds
1:08 PM
TMO Daily Observations 2016-02-11: Apple’s A10 Chip Partner, Comcast Internet Speeds
12:45 PM
Gravity Waves Detected For the First Time
9:24 AM
Apple Dumps Samsung, Gives TSMC Exclusive iPhone Chip Deal
Wed,8:28 PM
Simon Pierro, Peanuts, a Chimp, and iPad Magic (Video)
6:36 PM
Aaron Sorkin’s ‘Steve Jobs’ Movie Available on iTunes for $14.99
  • __________
  • Buy Stuff, Support TMO!
  • Podcast: Mac Geek Gab
  • Podcast: Apple Weekly Report
  • TMO on Twitter!