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AAPL » Topics » Stock Ownership / Retention Guidelines.

This excerpt taken from the AAPL DEF 14A filed Apr 16, 2007.

Stock Ownership / Retention Guidelines.

During fiscal year 2006, the Committee discussed the introduction of stock ownership and retention guidelines for both outside directors and executive officers. The Committee considered that executive officers currently have significant ownership through their RSU holdings. Though a formal program was not adopted for fiscal year 2006, the Committee intends to reconsider during fiscal year 2007 whether such policies would be beneficial.

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