Tevanian Takes Home $3.5M in Stock Profit

November 7th, 2004 at 2:00 PM - Reports by Brad Gibson

Avadis Tevanian is the latest Apple Computer executive to take home millions in option sales of company stock, now at highs not seen in over four years. Mr. Tevanian sold 200,000 shares last Tuesday, reaping a US$3.5 million profit, a filing made last Thursday with the U.S. Securities and Exchange Commission revealed.

Mr. Tevanian, Appleis Software Technology Officer, bought the shares at $17.31 and sold them the same day for $53.00 a share, records indicate.

The Tevanian sales is one of many recent sales of stock by Apple executives reported by The Mac Observer. Apple Senior Vice President Ron Johnson profited $9.6 million in late October on similar stock option sales.

As first reported by The Mac Observer on October 22, five Apple executives sold more than 830,000 shares of stock in the company, taking home more than US$29 million in profit in a seven day period.

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