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"COO Tim Cook clears $68 million before taxes; CFO Peter Oppenheimer, $46 million\n\n  \nApple&amp;#8217;s senior staff had a busy &amp;#8212; and profitable &amp;#8212; trading day Thursday.\nMore than a million restricted shares of Apple \n\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t\t\tAAPL\n\t\t\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t\n\t\t\t stock that seven of them were granted on Dec. 14, 2005 became fully vested Wednesday. The next day, with Apple opening at an all-time record high, four of them sold off all those shares pursuant, as the SEC Form 4 has it, to a Rule 10b5-1 trading plan.\nCOO Tim Cook, who two weeks earlier was given a $5 million bonus and stock options worth $17 million, was the big winner. He sold 300,000 Apple shares at prices ranging from $226.9 to $230.7, for a total of $68.8 million &amp;#8212; $32 million of which was set aside for taxes.\nWhen Cook was granted those shares, Apple was selling for $72.01. It opened Thursday at $230.92 and closed, thanks in part to all that selling, $4.57 lower.\nThree other officers also dumped their restricted shares Thursday:\n\n\nPeter Oppenheimer, CFO: Sold 200,000 shares. Cleared $45.98 million.\nRon Johnson, SVP for retail: Sold 200,000 shares. Cleared $45.95 million.\nPhil Schiller, SVP for marketing: Sold 150,000 shares. Cleared $34.47 million.\n\nThree other senior staffers &amp;#8212; Serlet Bertrand (granted 150,000 restricted shares in 2005), Scott Forstall (50,000) and Robert Mansfield (50,000) &amp;#8212; sold some of their shares to satisfy minimum statutory withholding requirements and held on to the rest.\nSee also:\n\nApple&amp;#8217;s Tim Cook gets his earthly reward\nHandicapping Apple&amp;#8217;s back bench\n\n[Follow Philip Elmer-DeWitt on Twitter @philiped]"^^<http://www.w3.org/2001/XMLSchema#string>
<http://fortune.com/2010/03/26/apple-officers-sell-off-1-million-shares/>