“According to an SEC Form 4 filed Friday, Bill Campbell, a key Apple board member and a close friend and adviser to Steve Jobs, executed a ‘non-sale transfer’ of 60,000 shares of Apple stock worth more than $7.7 million in late August — including directors options he’d been holding for eight years,” Philip Elmer-DeWitt reports for Fortune.
“It’s not clear where Campbell transferred those shares or for what purpose. In 2007 Campbell sold 160,000 shares with an average strike price of $5.75, clearing nearly $17 million in the sale,” Elmer-DeWitt reports. “But those options were approaching their expiration date. Some of the options he transferred on Aug. 27 weren’t going to expire until 2018.”
“It’s also not clear how many — if any — Apple shares Campbell retained. But the size and timing of the transfer could be significant,” Elmer-DeWitt reports. “One possibility — and this is purely speculative — is that he is reconsidering his position on Apple’s board.”
Elmer-DeWitt reports, “Campbell, who is chairman of Intuit, is also a close adviser to Google CEO Eric Schmidt, who resigned his position on Apple’s board on Aug. 3 because of growing conflicts of interest. Although not a member of Google’s board of directors, Campbell attends its board meetings — the only outsider who does so.”
Read more in the full article here.
In accordance with the Association of Journalistic Punditry, Article 4: “Lack of factual information shall not interfere with or prohibit rampant speculation.”
You’d think that Intuit would have a better Mac product.
An article of pure speculation, based on an idiot author that learned some limited information, that he can’t figure out or process.
AIf Jobs values Campbell and trust him, he’s “non threatening”
Intuit…..where have I heard that name……..let me think. Oh yes, that crappy ass Quicken that I ditched for something else cause they don’t have an iPhone app and haven’t updated their product is nearly 3 years.
I remember them…….sorta.
Humm …
Might Apple-Google-Intuit be the Trilateral Commission of Tech ?
Whatever you do – don’t let Alex Jones know about it …
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BC
“In 2007 Campbell sold 160,000 shares with an average strike price of $5.75, clearing nearly $17 million in the sale”
I think that should be $105.75. Do the math, and Apple’s stock hasn’t been that low since 2003 or earlier.
It’s a friggin’ Anti-Microsoft conspiracy.
Someone wake up Zune Tang.
@Cubert
He means that $5.75 was what he original purchased each share for, not what he sold each share for. If you subtract $5.75*160,000 from the total he received for the sale that would be the his profit there. Which probably was around around a 105 dollars.
Cash Return From Sale – Original Investment=Amount Gained
Comment from: ron
You’d think that Intuit would have a better Mac product.
No Crap!
But, but, the Pre does multitasking…..
I can only hope. Bill Campbell’s presence on the AAPL board all these years when his company (to be clear, he’s the CEO of Intuit) has treated the Mac version of Quickbooks like his half-breed love child all these years has continuously mystified me.
QB Mac versions have always been bug-ridden and years behind the Windows version, the current version included. And Intuit not only offers ZERO tech support from the moment of purchase – not even one day, let alone 30, they have the balls to charge $80 for you to get tech “support” which can’t solve a problem that is likely their own friggin’ fault….and after you report a bug with the greatest of detail and specificity it will take 8 to 12 months for them to issue a “fix”, by which time they have the next version out and no longer support the previous one…oh, what, there’s no upgrade path? You have to buy a completely new version every time? Blow me, Intuit.
In the unlikely event this rumor pans out, I can only say “Good riddance”. And if it doesn’t, I encourage all AAPL shareholders to do what I have done for over 10 years – withhold their vote for Bill Campbell. How can any shareholder support a director who runs a company that DOESN’T support Apple – in fact, it appears almost as if they go out of their way to ensure a crappy Mac software experience?
@Quickbooks Suffer
Don’t be so evasive!