Apple Inc. — Director's Dealing 2012

Apr 30, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: APPLE INC (AAPL)
CIK: 0000320193
Period of Report: 2012-04-27

Reporting Person: DREXLER MILLARD S (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-04-27	Common Stock	M	20000	$9.16	Acquired	20584	Direct
2012-04-27	Common Stock	M	20000	$14.205	Acquired	40584	Direct
2012-04-27	Common Stock	S	40000	$603.5171	Disposed	584	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-04-27	Director Stock Option	$9.16	M	20000	Disposed	2013-05-25	Common Stock (20000)	Direct
2012-04-27	Director Stock Option	$14.205	M	20000	Disposed	2014-05-25	Common Stock (20000)	Direct

Footnotes

F1: This transaction was executed in multiple trades at prices ranging from $603.29 to $603.99; 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.

F2: This Director Stock Option was granted on May 25, 2003 and vested annually over three years.

F3: This Director Stock Option was granted on May 25, 2004 and vested annually over three years.