Apple Inc. — Director's Dealing 2011

Feb 4, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: APPLE INC (AAPL)
CIK: 0000320193
Period of Report: 2010-10-05

Reporting Person: RAFAEL BETSY (VP, Corporate Controller)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-01-31	Common Stock (ESPP)	A	90	$222.5725	Acquired	402	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-10-05	Restricted Stock Units	$	A	7000	Acquired	2014-10-15	Common Stock (7000)	Direct

Footnotes

F1: The reporting person is voluntarily reporting the acquisition of shares of the issuer's common stock pursuant to the Apple Inc. Employee Stock Purchase Plan ("ESPP"), for the ESPP purchase period of August 2, 2010 through January 31, 2011. This transaction is also exempt under Rule 16b-3(c).

F2: In accordance with the ESPP, these shares were purchased based on 85% of the closing price of the issuer's common stock on August 2, 2010.

F3: Each restricted stock unit represents the contingent right to receive one share of common stock upon vesting of the unit.

F4: These restricted stock units are scheduled to vest in equal installments every six months over four years, with the first installment vesting on April 15, 2011, assuming continued employment through the applicable vesting date.