Apple Inc. — Director's Dealing 2011

Jul 20, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: APPLE INC (AAPL)
CIK: 0000320193
Period of Report: 2011-07-19

Reporting Person: WILLIAMS JEFFREY E (Senior Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-07-19	Common Stock	M	3000	$46.57	Acquired	3213	Direct
2011-07-19	Common Stock	S	3000	$377.92	Disposed	213	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-07-19	Employee Stock Option	$46.57	M	3000	Disposed	2012-08-30	Common Stock (3000)	Direct

Footnotes

F1: These transactions were made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 19, 2010.

F2: This option was granted on August 30, 2005 and vested in 16 quarterly installments over the four-year period after the date of grant.