AAPL » Topics » Purchase Price.

This excerpt taken from the AAPL DEF 14A filed Apr 16, 2007.
Purchase Price.   The purchase price per share of Company common stock under the Purchase Plan is equal to 85% of the lesser of the fair market value of the Company’s common stock on (i) the first day of the relevant offering period or (ii) the last day of the relevant offering period. The fair market value of a Share of the Company’s common stock on these measurement dates will be equal to the closing price per share as reported on the NASDAQ Global Select Market.

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