Apple (AAPL) CEO Steve Jobs this week exercised options to buy 120,000 shares of the company’s stock for $5.75 each, according to a regulatory filing.
If Jobs were to sell the stock today, with Apple shares trading at around $115 per share, he would make a paper profit of about $13 million.
Jobs got the shares 10 years ago, under a plan for the company’s directors.
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