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View Full Version : Apple SVP of Technologies Bob Mansfield Cashes in Over $20 Million in Stock




MacRumors
Nov 29, 2012, 10:02 PM
http://images.macrumors.com/im/macrumorsthreadlogo.gif (http://www.macrumors.com/2012/11/29/apple-svp-of-technologies-bob-mansfield-cashes-in-over-20-million-in-stock/)


http://images.macrumors.com/article-new/2012/02/bob_mansfield-150x171.jpgApple Senior Vice President of Technologies Bob Mansfield has decided to sell off a set of stock for over $20 million, according to a regulatory filing (http://www.sec.gov/Archives/edgar/data/320193/000112760212032309/xslF345X03/form4.xml). Mansfield sold off 35,000 shares of his Apple stock at a price of $582.21 per share.

The move comes nine months after Mansfield sold 30,000 shares of stock (http://www.macrumors.com/2012/02/01/apple-hardware-chief-bob-mansfield-cashes-in-nearly-12-5-million-in-stock-options/) for a gain of $12.5 million in early February, with Apple shares netting an average of $452.28 at the time. Since then, Mansfield has retired (http://www.macrumors.com/2012/06/28/svp-of-hardware-engineer-bob-mansfield-to-retire/), taken an advisory role, and then recently un-retired to take charge of a new "Technologies" group in an executive reshuffling (http://www.macrumors.com/2012/10/29/management-restructuring-at-apple-forstall-and-browett-out-ive-and-others-add-responsibilities/) that saw iOS chief Scott Forstall ousted.

Mansfield's stock sale does not mean that he is looking to exit his ownership in Apple, as he has regularly cashed in on stock options and is an active participant in Apple's stock option and grant award programs for senior executives. Mansfield still has 29,548 shares of Apple stock and stands to gain an additional 150,000 shares (http://www.macrumors.com/2011/11/04/apple-awards-executives-1000000-shares-of-stock-for-year-end-bonus/) in two equal portions June 2013 and March 2016. He also holds a restricted stock grant that could earn him another 100,000 shares in 2014. All of those shares, which would net him $145.5 million at current stock prices, would only be awarded to him if he remained with Apple.

Mansfield and other executives may also be looking to unload stock as 2012 draws to a close due to a scheduled increase in capital gains taxes for 2013. By selling stock now rather than holding it into 2013, sellers can reduce their tax burden, although fluctuations in the company's stock price over time could more than compensate for the higher tax rate should Apple's stock continue to rise.

Article Link: Apple SVP of Technologies Bob Mansfield Cashes in Over $20 Million in Stock (http://www.macrumors.com/2012/11/29/apple-svp-of-technologies-bob-mansfield-cashes-in-over-20-million-in-stock/)



visim91
Nov 29, 2012, 10:05 PM
http://img259.imageshack.us/img259/2345/1354086531238.gif

brock2621
Nov 29, 2012, 10:10 PM
Wow... Go Bobby!

Honestly, I feel he deserves this. He helps make the biggest tech company in the world successful in no small way.

sparkso
Nov 29, 2012, 10:29 PM
too much gambling.

Rumple
Nov 29, 2012, 10:51 PM
Bob O gettin out while the gettins good. :D

BBCWatcher
Nov 29, 2012, 11:00 PM
It could be a very good time to buy stocks given this tax-related "panic" selling. And, by the way, it's probably not a good idea to sell for tax reasons unless you need the cash soon for spending.

nfl46
Nov 29, 2012, 11:11 PM
Well...he is a SVP for Apple. He deserves it.

IJ Reilly
Nov 29, 2012, 11:11 PM
"A set of stock?" Sounds like a form of medieval punishment.

HiRez
Nov 29, 2012, 11:13 PM
Selling to avoid a tax increase is basically making a bet that Apple stock isn't going to go up more than 5%, which seems like a bad bet to me, but everyone has the right to decide that for themselves. It's probably even less than that because you're only paying the capital gains tax on your profits, not on the entire value of the stock. Although in Mansfield's situation, it does make some sense, he'll make a gigantic profit that will set his family up for generations, and he still has stock left with a lot more incoming soon. Might as well assure your security and not get greedy with that setup.

DollaTwentyFive
Nov 29, 2012, 11:23 PM
What is this "stock" people talk about?

LeoFio
Nov 29, 2012, 11:59 PM
He probably didn't care to have a ticket in the recent powerball drawing.

MacDav
Nov 30, 2012, 12:04 AM
He probably didn't care to have a ticket in the recent powerball drawing.

What do you think the 20 million is for. :)

rockyroad55
Nov 30, 2012, 12:27 AM
Good for him. He looks like the best guy to talk with at apple. Always happy

Jeans89
Nov 30, 2012, 02:34 AM
Where is all this money coming? Wait. It is us, the customers. We are paying ridiculous prices to get a bigger storage in our iOs devices

opeter
Nov 30, 2012, 02:53 AM
Bob knows that Apple will fall. ;)

vpro
Nov 30, 2012, 04:30 AM
Bob O gettin out while the gettins good. :D

absolutely right?!

this is very foreshadowing right? we seen this ummm when before??? hmmm.... ya something is up in the economic landscape for sure. something to the beat of umm....... China taking over the world? not saying that is a good thing or anything cos I am part Chinese but mostly Vietnamese / French. still.

something to really open one's mind and explore a bit, do some thorough research into, some documentaries on line really point to a clear direction of what is going on in global business suggesting said nations ahemmm America being completely at the mercy of super power China? something like that i seen and read about quite a bit online.

not sure though? what do you think?


thank you.

----------

Bob knows that Apple will fall. ;)

eye fone for real now. no more hand held things, get them wrapped around your eyes and eventually implanted into your mind, the real 'retina' technology, forget the unibody aluminum thing you type with, it is all gonna project out of your iris people... read all about it. it isn't scifi nope. it is gonna be real consumer latest/greatest in no time, they are already developing prototypes as i type.

happy future everyone, cheers???? *shrugs her shoulders in awkward fear*

RichardI
Nov 30, 2012, 05:34 AM
I can't even imagine what the atmosphere at the top in Apple must be like these days. Has to be just awful. Pressure, pressure and more pressure. Should have stayed retired, Mr. Mansfield. When someone like Bob Mansfield thinks the stock is worth more now as cash, than as stock in the future.......

Robert.Walter
Nov 30, 2012, 07:04 AM
"Mansfield Cashes in Over $20 Million in Stock"

Little wonder why the dude always looks so happy! ;)

PinoyAko
Nov 30, 2012, 07:57 AM
Does Mansfield sold his stocks because he knows something that we don't know about? Of course, he does!

STiNG Operation
Nov 30, 2012, 07:59 AM
Just in time for Christmas;) I bet the family gets a million in gifts!!:p

mrxak
Nov 30, 2012, 08:06 AM
When someone like Bob Mansfield thinks the stock is worth more now as cash, than as stock in the future.......

He's one of the executives at Apple that cashes out regularly. This isn't a sign of anything to come. It isn't a sign that the stock is going to plunge in the near future, or that the stock is worth its current cash value. All it's a sign of is that he's rich already, and has different priorities.

He's got more stock coming his way, and it's rather stupid to have all your money in one company. Call it diversification, call it risk management, whatever. When you're as rich as he is, your priorities change a bit. It's not about making more money at any cost, he's got plenty of that already. It's about ensuring your great-grandkids have security. It's about minimizing risk entirely. Sure, he could make more money staying invested in Apple, and I'm sure he knows this better than anyone posting here, but he's got more money than he could ever reasonably spend, anyway. Might as well diversify in very safe, stable investments, and live off the interest in the event a million-to-one disaster occurs.

Rocketman
Nov 30, 2012, 08:30 AM
The prices he sells at seems mostly untimed price wise. He is seeking liquidity and diversification based on the actions he has taken. He has plenty of future grants on which to sell at a higher price.

Meandmunch
Nov 30, 2012, 08:53 AM
Bob O gettin out while the gettins good. :D

Exactly what I was thinking. He is either phasing him self out, prepping for retirement or we have seen the stock go as high as it can.

Cavalier777
Nov 30, 2012, 09:02 AM
lol um.... SVP of APPLE... good for him! cash another 50 before the year's up!

akf2000
Nov 30, 2012, 10:35 AM
Bob, you big romantic:

http://www.guardian.co.uk/artanddesign/architecture-design-blog/2012/nov/30/heart-shaped-frank-lloyd-wright-island-sale

The Wedge
Nov 30, 2012, 10:43 AM
Does Mansfield sold his stocks because he knows something that we don't know about? Of course, he does!

Yeah he's planning on buying a few houses, cars, boats, etc. The guy wants money in the bank and not in stock. Who cares.

Ironduke
Nov 30, 2012, 10:45 AM
Bob, you big romantic:

http://www.guardian.co.uk/artanddesign/architecture-design-blog/2012/nov/30/heart-shaped-frank-lloyd-wright-island-sale

I want one shaped like a wang:eek:

OllyW
Nov 30, 2012, 10:53 AM
Moderator Note:

The political content from this thread has been moved to it's own thread in the PRSI forum (http://forums.macrumors.com/showthread.php?t=1499413).

Please keep this thread on-topic and free from politics.

Thanks.

kas23
Nov 30, 2012, 11:04 AM
Does Mansfield sold his stocks because he knows something that we don't know about? Of course, he does!

I think he sees something in the future that doesn't sit right with him.

IzzyJG99
Nov 30, 2012, 11:24 AM
He's gonna have to pay a lot of capital gains on that, I bet.

WvB22
Nov 30, 2012, 11:42 AM
So it's true after all: the world will end in 2012. The rich and famous are buying their tickets for the bail out to space or the oceans.

balamw
Nov 30, 2012, 12:01 PM
Please keep this thread on-topic and free from politics.


MOD NOTE: As per the forum rules any further posts that belong in PRSI will be deemed OFF TOPIC and moderated accordingly.

B

AmazingRobie
Nov 30, 2012, 09:42 PM
Bob knows that Apple will fall. ;)

Apple's fall due to gravity...I don't think anyone understands the gravity of the situation at Apple.

Bubba Satori
Dec 1, 2012, 07:58 PM
Bob knows that Apple will fall. ;)

No, like the rest of the rich folks, he's fleeing for the exits
before next years huge tax increases for the one percenters.
Forward.

macs4nw
Dec 1, 2012, 09:47 PM
Good for him. He looks like the best guy to talk with at apple. Always happy

I know it ain't gonne happen, but I would love to sit down for a beer with the guy, and pick his brain about everything APPLE.

Jason Edwards
Dec 2, 2012, 11:48 AM
No, like the rest of the rich folks, he's fleeing for the exits
before next years huge tax increases for the one percenters.
Forward.

Exactly.

BanjoBanker
Dec 2, 2012, 02:22 PM
Not just the so-called 1%, but anyone with appreciable capital gains. Many of the options that Mansfield routinely exercises and then sells are at very attractive prices. I am a long way from the 1% but I have sold off quite a bit of stock in the last few weeks in preparation of a tax increase. All the folks who only think it is the "rich" who are going be soaked in the coming tax rise are in for a very big surprise.

scat999999
Dec 3, 2012, 11:21 AM
Hmmm, 15% tax or 42.5%? Toughie.

mankar4
Mar 31, 2013, 01:19 PM
Image (http://img259.imageshack.us/img259/2345/1354086531238.gif)

I logged in just to upvote this. thank you for one of the best gifs i have ever seen.