Fred Anderson, the Chief Financial Officer and Executive Vice President of Apple, has filed to sell 100,000 shares of his Apple holdings. According to a Dow Jones report, Mr. Anderson planned on selling the stock on Tuesday.
Executives of publicly held corporations are required to disclose their stock transactions in SEC filings, including the exercising of stock options, as well as the buying and selling of company stock. There has been little insider action in Appleis stock in some time. The last transaction occurred in October of 2001 (Board member Gareth Chang sold 60,000 shares at that time), and little more than a hand full of insider transactions in all of 2001. This filing was released today, according to the Dow Jones report:
Apple Computer Chief Financial Officer and Executive Vice President Fred D. Anderson filed to sell 100,000 shares of the companyis common stock, according to a Form 144 released Thursday by the Securities and Exchange Commission.
Anderson listed April 23 as the approximate sale date for the shares, which he valued at $2.5 million.
The filing listed Charles Schwab & Co . Inc. as the broker for the sales. A Form 144 indicates an intention to sell restricted stock, but it isnit a commitment to do so.
As of press time, Appleis stock is trading at 23.94, a gain of 0.174 (+0.73%), on light volume. You can read the original Dow Jones report at Yahoo!is Web site.