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Mac OS X developer cashing in with Apple
Tuesday, August 9, 2005 @ 1:05pm

Bertrand Serlet, the Frenchman who played a critical role in creating Mac OS X, is cashing in as Apple's stock continues to rise. Exercising his stock options last year, last July alone Serlet made $3.2 million in net gains from insider stock transactions, according to Thomas Financial. Serlet totaled $7.6 million in the past year from sales of Apple shares obtained through stock options. Apple's stock more than doubled in the past year from $15 per share at the beginning of late August to the $38-$43 range when Serlet began exercising his options in mid-July, according to The Mercury News. Utilizing his compensation plan, Serlet was able to purchase stock options for $9.25 per share and sell them at market prices for quadruple his cost. Serlet told CNET in September that he is a proponent of open-source software and maintains that Apple's software security benefits from a great number of eyes examining its source code.


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  • Reader reaction
    Found 6 comments
    Why is this news? 167284
    I'm sure plenty of people exercised their Apple options recently, including other Apple employees past and present.
    Comment posted by: thoughton
    Nationalities 167285
    Bertrand Serlet, the Frenchman who played a critical role in creating Mac OS X [...]

    Why in hell does it matter that he's French?

    I look forward to being told the nationalities of all personalities involved in future MacNN stories.
    Comment posted by: SomeToast
    Open source 167298
    Well, I'm sure he's happy, though, that OS X on a whole isn't open source, thus driving Apple out of the OS business and thus him out of a job AND making his stock options worthless.
    Comment posted by: testudo
    Umm 167306
    If the options were granted last year wouldn't that be pre-split options? I mean, the 15 share price MacNN quotes was before the stock ran up, then split, then ran up again. Pre-split pricing would be $100 or more a share.
    Comment posted by: PBG4 User
    I wonder… 167352
    if he'd like to adopt me as his stepbrother.

    Seriously, this guy has done well out of his options - but do we think he's done any better than Avie, who I seem to remember is now seriously wealthy from his options.

    Good luck to all of them: I've got a great OS and some fabulous hardware to play with, I don't care how much they get from stock options as it's not really my money.
    Comment posted by: MCCFR
    Who?? 167413
    "Bertrand Serlet, the Frenchman who played a critical role in creating Mac OS X"

    I must have a hole in my brain. I've been closely following ALL of Apple's "next-gen OS plans" since before Copeland, through Rhapsody and even PURCHASED the OS X beta (and every release since).

    During this whole time, I never remember hearing this chap's name in a discussion. Not once.

    Here's the guy's bio from Apple: http://www.apple.com/pr/bios/serlet.html

    From more googling on the subject, it does look like he's been around....PARC, NeXT, Apple...but all the press is PR boilerplate.

    I don't intend this to sound like criticism of this man or his accomplishments, but for MACNN to make a casure reference to "Bertrand Serlet" as if he was Dr. Suess or Steve Jobs (i.e. famous) seems a little absurd even to me.
    Comment posted by: mccabem
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