Apple CEO Jobs exercises options
From Times Wire Services
According to a regulatory filing, Apple Inc. Chief Executive Steve Jobs exercised options to buy 120,000 shares for $5.75 each and may reap a potential profit of $13.7 million.
The Cupertino, Calif.-based company gave Jobs the options under a 1997 plan. Jobs hasn’t sold the shares and has no plans to do so at this time, Apple said.
