Jobs can now trade Apple stock

Steve Jobs's 1.5 million shares in Apple Computer can now be publicly traded, according to SEC filings.

Dawn Kawamoto Former Staff writer, CNET News
Dawn Kawamoto covered enterprise security and financial news relating to technology for CNET News.
Dawn Kawamoto
Steve Jobs's 1.5 million shares of Apple Computer (AAPL) stock can now be publicly traded, according to a Securities and Exchange Commission registration filing today.

Jobs was awarded the shares as part of the sale of his Next Software to the troubled computer maker, which was finalized earlier this year.

"He can do whatever he wants with those shares," said Katie Cotton, an Apple spokeswoman. "I don't know his intention; you'll have to ask him."

Jobs, who held one share of Apple before the Next deal, was not available for comment tonight. The stock gives him a 1.19 percent stake in the computer maker that he cofounded, effective May 3.

Apple paid Next $430 million in cash, stock, and assumption of debt as it sought to jump-start its sluggish efforts to roll out a new operating system.

The computer maker, which has seen its stock plummet to a ten-year low, posted a whopping loss of $708 million in the second quarter, rivaling its historic loss of $740 million a year ago. And it reported declining quarterly revenue of $1.6 billion for the second-consecutive quarter.

Apple stock closed at 16-5/8 today, unchanged from yesterday's close.