AAPL » Topics » Option Exercises and Stock Vested

This excerpt taken from the AAPL DEF 14A filed Jan 23, 2008.

Option Exercises and Stock Vested

The following table presents information regarding the exercise of stock options by named executive officers during fiscal year 2007, and on the vesting during fiscal year 2007 of other stock awards previously granted to the named executive officers.

 

     Option Awards    Stock Awards

Name

(a)

  

Number of Shares
Acquired on
Exercise

(#)

(b)

   

Value Realized
on Exercise
($)(1)

(c)

  

Number of Shares
Acquired on
Vesting

(#)

(d)

  

Value Realized
on Vesting
($)(1)

(e)

Steven P. Jobs

   120,000 (2)   14,644,800    —      —  

Timothy D. Cook

   —       —      —      —  

Peter Oppenheimer

   —       —      —      —  

Ronald B. Johnson

   600,000     36,614,020    —      —  

Tony Fadell

   83,313     5,946,344    5,000    681,250

(1) The dollar amounts shown in Column (c) above for option awards are determined by multiplying (i) the number of shares of the Company’s common stock to which the exercise of the option related, by (ii) the difference between the per-share closing price of the Company’s common stock on the date of exercise and the exercise price of the options. The dollar amounts shown in Column (e) above for stock awards are determined by multiplying the number of shares or units, as applicable, that vested by the per-share closing price of the Company’s common stock on the vesting date.

 

(2) These shares were acquired by Mr. Jobs on August 13, 2007 through an exercise of stock options granted to him under the 1997 Director Stock Option Plan that were to expire on August 14, 2007. Mr. Jobs has not sold any of the shares acquired in that exercise.
These excerpts taken from the AAPL 10-K filed Nov 15, 2007.

Option Exercises and Stock Vested

The following table presents information regarding the exercise of stock options by Named Executive Officers during fiscal year 2007, and on the vesting during fiscal year 2007 of other stock awards previously granted to the Named Executive Officers.

 
  Option Awards
  Stock Awards
Name
(a)

  Number of Shares
Acquired on
Exercise
(#)
(b)

  Value Realized
on Exercise
($)(1)
(c)

  Number of Shares
Acquired on
Vesting
(#)
(d)

  Value Realized
on Vesting
($)(1)
(e)

Steven P. Jobs   120,000 (2) 14,644,800    
Timothy D. Cook        
Peter Oppenheimer        
Ronald B. Johnson   600,000   36,614,020    
Tony Fadell   83,313   5,946,344   5,000   681,250

(1)
The dollar amounts shown in Column (c) above for option awards are determined by multiplying (i) the number of shares of the Company's common stock to which the exercise of the option related, by (ii) the difference between the per-share closing price of the Company's common stock on the date of exercise and the exercise price of the options. The dollar amounts shown in Column (e) above for stock awards are determined by multiplying the number of shares or units, as applicable, that vested by the per-share closing price of the Company's common stock on the vesting date.

(2)
These shares were acquired by Mr. Jobs on August 13, 2007 through an exercise of stock options granted to him under the 1997 Director Stock Option Plan that were to expire on August 14, 2007. Mr. Jobs has not sold any of the shares acquired in that exercise.

Option Exercises and Stock Vested



The following table presents information regarding the exercise of stock options by Named Executive Officers during fiscal year 2007, and on the vesting during fiscal year 2007
of other stock awards previously granted to the Named Executive Officers.














































































 
 Option Awards
 Stock Awards
Name

(a)

 Number of Shares

Acquired on

Exercise

(#)

(b)

 Value Realized

on Exercise

($)(1)

(c)

 Number of Shares

Acquired on

Vesting

(#)

(d)

 Value Realized

on Vesting

($)(1)

(e)

Steven P. Jobs 120,000(2)14,644,800  
Timothy D. Cook    
Peter Oppenheimer    
Ronald B. Johnson 600,000 36,614,020  
Tony Fadell 83,313 5,946,344 5,000 681,250






(1)
The
dollar amounts shown in Column (c) above for option awards are determined by multiplying (i) the number of shares of the Company's common stock to which the exercise
of the option related, by (ii) the difference between the per-share closing price of the Company's common stock on the date of exercise and the exercise price of the options. The
dollar amounts shown in Column (e) above for stock awards are determined by multiplying the number of shares or units, as applicable, that vested by the per-share closing price of
the Company's common stock on the vesting date.


(2)
These
shares were acquired by Mr. Jobs on August 13, 2007 through an exercise of stock options granted to him under the 1997 Director Stock Option Plan that were to
expire on August 14, 2007. Mr. Jobs has not sold any of the shares acquired in that exercise.


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