Read the full article for more background on this never-ending saga (the criminal investigation may be over, but the civil suits are still ongoing)
Mr. Jobs plainly did not foresee the good days that were ahead for Apple; on Friday, its shares closed at $172.58. His decision to exchange many stock options for far fewer shares of restricted stock, swapping potential upside for certainty, resulted in his losing more than $6 billion in potential gains.
Then again, it has worked out well enough for him. Ridding himself of those options before they become the stuff of unsavory headlines? Beautiful timing.