Apple SVP Phil Schiller Sells $18.6 Million in Apple Stock, SVP Dan Riccio Sells $1.9 Million

Posted August 17, 2013 at 3:19am by iClarified | Please help us and submit a translation by clicking here | 13561 views

Apple SVP Phil Schiller sold nearly $18.6 million in company stock this week and SVP Dan Riccio sold nearly $1.9 million, reports AppleInsider. Both sold their shares on Wednesday, according to a filing with the SEC.

The SEC filings note Apple SVP of Worldwide Marketing Schiller executed a trade on Wednesday worth $18.59 million, while SVP of Hardware Engineering Riccio let go of $1.88 million in AAPL stock that same day. Schiller sold 37,172 common stock shares at a price of $500. Riccio disposed of 3,754 shares in a total of 11 trades ranging in price from $498 to $502, each reflecting the weighted average sale price.

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Thoune - August 18, 2013 at 3:11am
Sheep!!! Fu'k them. Apple without Jobs would be hell! :-(
CryMeARiver - August 19, 2013 at 5:19pm
Perhaps Jobs is still running Apple from there!
Copperhead - August 17, 2013 at 4:48pm
Reason why they are selling is because they know stocks will drop soon so they are both dumping their stocks at a higher price bracket before the stock drops to a low. Better to pull out some stock to make millions before the drop happens. This indicates that some soon will happen at Apple. And they don't want to lose out and get caught with their pants down. BTW he did this twice already. And many others dumped their stocks as well... Something is gonna happen. - just sit back and watch as it unfolds and enjoy the show.
stupidazz - August 17, 2013 at 5:27pm
fking sheep
iTurd - August 17, 2013 at 5:38pm
dummy sheepdroid!
stupidazz - August 17, 2013 at 9:32pm
another sheep in the house
Mab - August 17, 2013 at 3:28pm
A tale tell sign, Apple without Steve Jobs ......... Another live cyrcle
Big jiba - August 17, 2013 at 12:35pm
From previous trends it up right before announcement because rumors always drive stocks up. Then on announcement everybody unloads. Like clockwork. Profit takers.
1
Great. - August 17, 2013 at 8:41am
They sell now, causing others to follow and thus drive the price down before the announcement. They buy back just before the announcement and after the big news, prices jump up. Then they sell again to really cash in.
Jack black - August 17, 2013 at 9:12am
Theses guys are millionaires they are not trying to nickel and dime the stock... But they are unloading.
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