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In Brief / COMPENSATION

Apple CEO Jobs exercises options

August 17, 2007|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.

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