Apple Inc. — Director's Dealing 2011

Apr 19, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: APPLE INC (AAPL)
CIK: 0000320193
Period of Report: 2011-04-15

Reporting Person: WILLIAMS JEFFREY E (Senior Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-04-15	Common Stock	M	3750	—	Acquired	8337	Direct
2011-04-15	Common Stock	M	3750	—	Acquired	12087	Direct
2011-04-15	Common Stock	F	3502	$327.46	Disposed	8585	Direct
2011-04-18	Common Stock	S	900	$321.4056	Disposed	7685	Direct
2011-04-18	Common Stock	S	508	$322.3154	Disposed	7177	Direct
2011-04-18	Common Stock	S	1300	$323.9485	Disposed	5877	Direct
2011-04-18	Common Stock	S	300	$324.6633	Disposed	5577	Direct
2011-04-18	Common Stock	S	800	$325.9788	Disposed	4777	Direct
2011-04-18	Common Stock	S	190	$327.52	Disposed	4587	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-04-15	Restricted Stock Unit	$	M	3750	Disposed	2013-10-15	Common Stock (3750)	Direct
2011-04-15	Restricted Stock Unit	$	M	3750	Disposed	2012-10-15	Common Stock (3750)	Direct

Footnotes

F1: Each restricted stock unit represents the right to receive, at settlement, one (1) share of common stock. This transaction represents the settlement of vested restricted stock units in shares of common stock.

F2: Shares withheld by Registrant to satisfy minimum statutory withholding requirements on vesting of restricted stock units.

F3: These transactions were made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 19, 2010.

F4: This transaction was executed in multiple trades at prices ranging from $320.96 to $321.92; the price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide full information regarding the number of shares and prices at which the transactions were effected upon request to the SEC staff, the issuer, or a security holder of the issuer.

F5: This transaction was executed in multiple trades at prices ranging from $321.99 to $322.72; the price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide full information regarding the number of shares and prices at which the transactions were effected upon request to the SEC staff, the issuer, or a security holder of the issuer.

F6: This transaction was executed in multiple trades at prices ranging from $323.34 to $324.25; the price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide full information regarding the number of shares and prices at which the transactions were effected upon request to the SEC staff, the issuer, or a security holder of the issuer.

F7: This transaction was executed in multiple trades at prices ranging from $324.47 to $324.96; the price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide full information regarding the number of shares and prices at which the transactions were effected upon request to the SEC staff, the issuer, or a security holder of the issuer.

F8: This transaction was executed in multiple trades at prices ranging from $325.60 to $326.24; the price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide full information regarding the number of shares and prices at which the transactions were effected upon request to the SEC staff, the issuer, or a security holder of the issuer.

F9: This restricted stock unit award was granted on September 26, 2009 and vests in semi-annual installments over four years, beginning on April 15, 2010.

F10: This restricted stock unit award was granted on October 12, 2008 and vests in semi-annual installments over four years, beginning on April 15, 2009.