Apple's former lead hardware engineeer Jon Rubinstein cashed in nearly $8 million of Apple shares last week.

AppleInsider reports that Rubinstein sold 112,293 shares in the company for a total sale value of $7,962,700. He still holds 28,140 shares. All the shares were acquired under Apple's 2003 Employee Stock Plan.

Rubinstein retired from Apple in March 2006. He continues to work with the company on a consultancy basis.