Tuesday, March 28, 2006

WSJ.com - Jobs Gives Up Apple Shares To Satisfy Tax Obligations

WSJ.com - Jobs Gives Up Apple Shares To Satisfy Tax Obligations: "Apple Computer Inc. CEO and chairman Steve Jobs has given up nearly half of his stake in the company to satisfy tax obligations on 10 million restricted Apple shares that vested this month.
In a filing with U.S. securities regulators last week, Apple said it has withheld more than 4.5 million company shares, worth $296 million, from Mr. Jobs, leaving the Apple executive with 5.4 million company shares, worth $323 million. The shares were part of 10 million shares of restricted stock Apple awarded to Mr. Jobs in March 2003, a grant that vested over three years."

I trust the Wall Street Journal in this context...
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