AAPL » Topics » AND FISCAL YEAR-END OPTION VALUES

This excerpt taken from the AAPL DEF 14A filed Mar 13, 2006.

AND FISCAL YEAR-END OPTION VALUES

 

    

Shares
Acquired
on
Exercise

(#)

  

Value
Realized

($)

   Number of Securities
Underlying
Unexercised Options at Fiscal
Year-End (#)
  Value of Unexercised
In-the-Money Options
at Fiscal
Year-End ($)(1)

Name

         Exercisable     Unexercisable   Exercisable     Unexercisable

Steven P. Jobs

           120,000 (2)   —(3)   $ 5,694,000 (2)    

Timothy D. Cook

   500,000    $ 13,329,677        —(3)          

Ronald B. Johnson

   1,350,000    $ 32,257,127    2,100,000     150,000(3)   $ 61,910,625     $ 6,220,500

Peter Oppenheimer

           1,107,500       37,500(3)   $ 45,994,859     $ 1,560,062

Jonathan Rubinstein

   1,800,000    $ 31,012,815        —(3)          

(1) Market value of securities underlying in-the-money options at the end of fiscal year 2005 (based on $53.20 per share, the closing price of Common Stock on the NASDAQ National Market on September 23, 2005), minus the exercise price.

 

(2) Consists of 120,000 options granted to Mr. Jobs in his capacity as a director pursuant to the 1997 Director Stock Option Plan. Since accepting the position of CEO, Mr. Jobs is no longer eligible to receive option grants under the Director Plan. In March 2003, Mr. Jobs voluntarily cancelled all of his outstanding options, excluding those granted to him in his capacity as a director.

 

(3) This does not include 10 million restricted shares granted to Mr. Jobs, 600,000 restricted stock units granted to Mr. Cook, and 500,000 restricted stock units granted to each of Messrs. Johnson, Oppenheimer, and Rubinstein.
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