Two Apple officials cash in big bucks of company stock

Two Apple officials have cashed in on millions of dollars worth of company stock, according to new filings with the U.S. Securities and Exchange Commission have revealed — as reported by “AppleInsider” (www.appleinsider.com).

Apple’s general counsel, Bruce Sewell, sold 2,438 shares of Apple stock priced at nearly $549, while another 2,700 shares were sold for almost US$550. In all, the total value of shares sold by Sewell last week was more than $2.8 million, notes “AppleInsider.”

Arthur Levison, a member of Apple’s Board of Directors, sold 7,500 shares of AAPL stock valued at $560.65. The total value for those shares was more than $4.2 million, says “AppleInsider.”