Apple officers donate $3 million

Senior executives and board members made big year-end gifts to charity

Source: Apple Inc.

Forms filed with the Securities and Exchange Commission Tuesday show two senior Apple (AAPL) executives and two board members taking advantage of the stock's record-high prices to donate nearly 10,000 shares between Dec. 10 and Dec. 17.

The single largest donation was made by board member Millard Drexler, current CEO of J. Crew (JCG) and former chairman of The Gap (GPS). According to his SEC Form 4, Drexler made a bona fide gift of 6,800 shares on Dec. 14, a day on which Apple closed at $320.29. That makes his gift (or gifts) worth something on the order of $2.178 million.

The other donations:

• Robert Mansfield, senior VP, hardware: 1,562 shares worth $500,700.
• Peter Oppenheimer, chief financial officer: 1,320 shares worth $423,200.
• Arthur Levinson, former Genentech CEO: 277 shares worth $88,800.

No recipients were named. Spreadsheet below the fold.

Via setteb.it.

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Posted in: Apple, Arthur Levinson, Charity, Genentech, J.Crew, Millard Drexler, Peter Oppenheimer, Robert Mansfield, The Gap, U.S. Securities and Exchange Commission

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