SiliconBeat

Back in early August, we posted about some stock sales by William Campbell, a director at Apple (ticker:AAPL). We were impressed that it was his first stock sale in 20 years.

But it turns out we were mistaken because there were previous stock sales by Campbell that we didn’t know about. Unfortunately for Apple, Campbell apparently didn’t know about them either.

In a Form 4 filed on Friday and flagged for us by our colleague Troy Wolverton, Campbell disclosed that one of his investment managers bought and sold a few thousand shares that he neglected to mention. Not much money, but Campbell should have reported those sales in Form 4s that were never filed.

In a footnote, Campbell explained that a routine survey by Apple uncovered the error. The sales occurred in an account run an “independent investment manager” on behalf of Campbell and his wife, who were unaware of the sales. After learning about the sales, there was a review which discovered that two transactions created some “disgorgable” (which is by far our favorite word that turns up in securities filings) profits which Campbell has since, well, disgorged. In lay terms, that means he gave the profits back to Apple. (The form doesn’t say exactly how much).

And if there was ever anyone who could use a few extra bucks these days, it’s Apple.