Several senior Apple — including Betsy Rafael (controller), Jeffrey Williams (operations senior VP) and Bertrand Serlet (software engineering senior VP) — took advantage of the company’s recent record share prices to exercise some of the stock options they’ve been sitting on, reports “Fortune” (http://tech.fortune.cnn.com/2010/10/26/bob-mansfields-10-million-payday/?cnn=yes).
But none saw quite the windfall that Bob Mansfield enjoyed last Thursday, the article adds. According to an SEC Form 4 filed Tuesday, Mansfield sold 40,000 shares on Oct. 21 with a strike price of $36.54 for $308 apiece — clearing $10.844 million in the deal.
“Mansfield’s market timing was pretty good, but not as good as Serlet’s, who sold 5,000 shares on Oct. 18 for $318.50 each, within $0.50 of Apple’s all-time intraday high,” says “Fortune.”
