Apple SVP Bob Mansfield Cashes in $20 Million of AAPL Stock

Posted November 30, 2012 at 12:51am by iClarified | Please help us and submit a translation by clicking here | 6512 views

Apple SVP Bob Mansfield has cashed in 35,000 shares of his AAPL stock at $582.21 a share for a total of $20,377,507.50, reports TNW.

Mansfield was awarded options on stock in 2005, which fully vested in 2009. He let go of some early this year at a price of $452, and this marks the second big batch so far. Mansfield is still in posession of 29,548 shares and stands to take possession of another 150,000 shares in June of 2013 and March of 2016 if he stays with the company. The values of the shares cashed in today run from $582.00 to $582.88 so the above price is a weighted average.

Mansfield is currently the Apple Senior Vice President of Technologies. On June 28, his retirement from Apple was announced; however, it's said several senior engineers on his team vociferously complained over Dan Riccio as his replacement. Then in August it was announced that he would stay on to work on future projects. In October the company announced that Mansfield had been appointed to SVP Technologies.

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Rick - December 2, 2012 at 6:00am
Too much infighting going at Apple... Stock optins ate
Spitup - November 30, 2012 at 1:33am
Fat Faaaaaaaaack..
h8crapple - November 30, 2012 at 1:33am
In other news, Apple vice president just gave himself a bonus. Biggest lump sum cash ever to pay to ones own self.. incredible
Loop - November 30, 2012 at 1:29am
Any new news?
Copperhead - November 30, 2012 at 4:00am
Ya, in other news a cop in NYC, purchased a pair of boots and socks for a old homeless man freezing asking for money to get some boots at Salvation Army, As people walking by making fun and laughing at the old man, the cop walks in a sketchers store across the street and purchases a pair of Boots and socks valuing at $110.00 with the tax included. He then walked across the street and put the socks and Sketchers Boots on the old homeless man feet. Then gave him some food money. A tourist visiting NYC watching and recording the entire thing as she goes into tears in amazement of what was happening before her eyes. The tourist said she could not believe what she was watching. She said it was like a story right out of a movie as she goes into tears.
Jim James - November 30, 2012 at 1:28pm
I'm pretty sure that either (1) it was actually an orchestrated drug deal or (2) the homeless man then promptly returned these items for a 6 month supply of booze.
Josh - November 30, 2012 at 11:23pm
It's a true story, maybe you should do a little research
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