Apple set a new record last Friday, closing at US$270.83 a share. And three Apple execs took advantage of that.
“Fortune” (http://macosg.me/2/6m) notes that “among the people lucky — or prescient — enough” to sell before the stock dropped to $256.41 in mid-morning trading Wednesday were three senior Apple officers: Scott Forstall, senior vice president for iPhone software; Mark Papermaster, senior vice president of devices; and Betsy Rafael, vice president, controller and chief accounting officer. According to SEC Form 4s filed Tuesday, the trio sold a total of 61,632 preferentially owned shares between Friday and Monday at prices ranging from $267.01 to $271.43 a share. Total proceeds: $16.5 million.