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Briefly: Jobs picks up 120,000 Apple shares in options move

Apple chief executive Steve Jobs this week increased his stake in the company by exercising options to purchase 120,000 additional shares, according to regulatory filings with the Securities and Exchange Commission.

It's unclear from the filings at what point Jobs acquired the specific options, which he purchased for $5.75 apiece on Monday.

Documents show the options, valued at approximately $15 million as of Apple's closing price on Monday, were set to expire the following day.

Following the transaction, Jobs stake in Apple included 5,546,451 shares. Those shares, as of Monday, were valued at over $700 million.



42 Comments

stubeck 18 Years · 135 comments

Whats been up with Apple's stock lately? It was at 145 just a week ago.

shanmugam 20 Years · 1156 comments

the entire market is down, apple is just part of it

500 points down in few days!

trevorlsciact 19 Years · 215 comments

Quote:
Originally Posted by StuBeck

Whats been up with Apple's stock lately? It was at 145 just a week ago.

I was on vacation when it took the biggest hit; what caused it?

trevorlsciact 19 Years · 215 comments

Quote:
Originally Posted by shanmugam

the entire market is down, apple is just part of it

Tech stocks are usually relatively safe from market trouble tho; aren't they?