Apple SVP Eddy Cue Sells $8.76 Million of AAPL

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Posted December 5, 2012 at 7:23pm by iClarified

Apple Senior Vice President of Internet Software and Service, Eddy Cue, sold off 15,000 shares he had in the company last week worth about $8.76 million, according to an SEC filing relayed by CNET.

Before making too much out of last week's sale, consider that Cue was given a hearty bonus of 100,000 restricted stock units last November, designed to keep him and others there for the long haul. The first bunch of those shares vests on September 21, 2014, reliant on Cue continuing to work at Apple.

Cue sold those shares at an average price of $584/share. Apple SVP Bob Mansfield also recently sold off some of his AAPL stock for about $20 million.

Apple SVP Eddy Cue Sells $8.76 Million of AAPL

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Comments (4)

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odedoo1 - December 6, 2012 at 12:54am

Very smart, Apple stocks are dropping all year long!

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c1f40fd - December 5, 2012 at 8:55pm

Brilliant move. He knows exactly to where apple is heading to.

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Copperhead - December 5, 2012 at 7:43pm

Wow, seems like everyone at Apples corp are selling all their stocks fast before the market plummets to hell. Everyone is getting rid of their stock before some serious shit happens, like investors and such start to get rid of everything that is Apple. Seems like something on the inside is happening and these guys know about it, so they are trying to save their asses before they lose out of some serious cash. Cashing out know before they get screwed. There goes Apple and the sharks of Google and Samsung is near by ready to eat....lol

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Webbuy - December 5, 2012 at 7:55pm

Or they could just be getting in on the rush to sell before the capital gains tax increases. With a likely 5% increase looming, that's a pretty hefty hunk of change to save, even if the stock value holds.

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