Apple 1994 Annual Report Download - page 54

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SCHEDULE II
APPLE COMPUTER, INC.
AMOUNTS RECEIVABLE FROM RELATED PARTIES AND UNDERWRITERS,
PROMOTERS, AND EMPLOYEES OTHER THAN RELATED PARTIES
NOTES RECEIVABLE FROM SHAREHOLDERS
(In thousands)
The above Notes Receivable from Shareholders are presented as a deduction from shareholders' equity since they are related to the sale of
Common Stock by the Company to officers, directors, and employees under stock option and purchase plans. Notes Receivable from
Shareholders does not include accrued interest. The notes receivable are secured by a pledge of the shares issued, less the pro rata release by the
Company of pledged shares based on the percentage of the principal amount of the notes paid. The notes bear interest at 6% per annum.
*Footnotes appear on page S-2.
S
-
1
Balance at Balance
Beginning at End
Name of Debtor of Period Additions Collections of Period Notes*
Year Ended
September 30,
1994 $ -- $ -- $ -- $ --
Year Ended
September 24,
1993 $ -- $ -- $ -- $ --
Year Ended
September 25,
1992
John Sculley $ 1,836 $ 775 $ 2,611 $ -- (1)(2)