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Friday, February 18, 2005, 02:00 pm PT (05:00 pm ET)

Apple board member cashes in on shares worth $2.6M

Apple board member, Arthur D. Levinson, cashed in on over $2.6 million in Apple common stock, according to calculations by AppleInsider from ownership statements filed with the U.S. Securities and Exchange Commission. Levinson, who is also Chairman and CEO of Genentech, sold a combined 30,000 shares on Feb. 16. He sold the stock between $88.14 and $88.32 a share, reaping a total of $2,646,683. Levinson joined the Apple board in Aug. 2000. He also serves on the boards of Google Inc., and the Technology Network.