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 TMO Headlines - Updated August 30th

Mon, 9:03 PM
Apple Music's Carpool Karaoke Will Feature Broader Range of Celebrities
Mon, 7:54 PM
MOS Pack Backpack Charges Multiple Devices with One Plug
Mon, 5:45 PM
Blood in the Macintosh Water: Apple's Competitors Now Sense Weakness
Mon, 5:29 PM
FresheTech Splash Tunes Bluetooth Shower Speaker: $19.99
Mon, 5:15 PM
Apple Might Destroy the EU
Mon, 3:49 PM
Fitbit Aims at Apple Watch Crowd with Charge 2, Flex 2 Fitness Trackers
Mon, 3:47 PM
TMO Background Mode: Interview with Omni Group Software Engineer Liz Marley
Mon, 1:31 PM
Apple Media Event Officially Set for Sept 7
Mon, 1:07 PM
TMO Daily Observations 2016-08-29: Apple Watch 2 Battery, Microsoft's Smart Surface Pro 4 Ad
Mon, 11:35 AM
Bigger Apple Watch 2 Battery Doesn't Mean Longer Life
Mon, 10:20 AM
Philips Adds Motion Sensor to its Smart Home Lineup
Sun, 12:00 PM
MGG 620: Backups Deep Dive
  • __________
  • Buy Stuff, Support TMO!
  • Podcast: Mac Geek Gab
  • Podcast: Apple Weekly Report
  • TMO on Twitter!