Apple 1997 Annual Report Download - page 156
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Please find page 156 of the 1997 Apple annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
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Company.
"EXCHANGE ACT" means the Securities Exchange Act of 1934, as amended.
"FAIR MARKET VALUE" means the value of Common Stock determined as follows:
(i) If the Common Stock is listed on any established stock exchange or a national market system (including without limitation the National
Market System of the National Association of Securities Dealers, Inc. Automated Quotation ("NASDAQ") System), its Fair Market Value shall
be the closing sales price for such stock or the closing bid if no sales were reported, as quoted on such system or exchange (or the exchange
with the greatest volume of trading in the Common Stock) for the date of determination or, if the date of determination is not a trading day, the
immediately preceding trading day, as reported in THE WALL STREET JOURNAL or such other source as the Administrator deems reliable.
(ii) If the Common Stock is regularly quoted on the NASDAQ System (but not on the National Market System) or quoted by a recognized
securities dealer but selling prices are not reported, its Fair Market Value shall be the mean between the high and low asked prices for the
Common Stock on the date of determination or, if there are no quoted prices on the date of determination, on the last day on which there are
quoted prices prior to the date of determination.
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