Dec. 27 at 8:54 PM
$NKE $AAPL Unlike Tim, Mark Parker has 3 children and would prolly like his wealth to transfer to his issues. That's the normal motivation for a man of his age and wealth. That's why he's gifted more than
$10 mil. to a third party, presumably to his family trusts. Mark would be concerned about growing his wealth by investing in a vehicle that would at least preserve it: that clearly doesn't seem to be NKE as he's been selling briskly. Mark's been exercising his at-the-money stock options as soon as they become even slightly in the money. For example, on May 15, NKE was at
$62, not much more than today. Mark immediately sold the ATM options he exercised in February at
$56.4 to pocket the difference. The difference is
$62 -
$56.4 =
$5.6 x 152,976=857K. That's not even a million bux, a chump change for a corporate chieftain. In other words, Mark's been watching the market like a hawk to swoop down and sweep every penny he can out of NKE. Now, does that tell you there's much upside to NKE?
