Does this mean that Steve Jobs is selling almost half his Apple stock?
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6 Comments
Um, like almost 300 million dollars? Maybe he wants to do an endowment of his own.
Any idea of the significance of the number of shares?
i waded thru the cesspool that is finance.yahoo AAPL message boards to see if anyone was panicking:
http://finance.messages.yahoo.com/bbs?action=m&board=4686874&tid=aapl&sid=4686874&mid=748622
not sure if its true, but it would explain why its not bigger news?
I hate to say it, but it’s likely what Cringley mentioned about the Disney aquisition of Pixar: this is estate planning
I’m not sure how these things work in the US… but I can’t believe he would be allowed to do it without warning officially the markets.
The Yahoo post is utter nonsense. Vesting of shares is not a taxable event.
This is the definition of the type of sale that it was:
F — Payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exerciseor vesting of a security issued in accordance with Rule 16b-3