Apple 1998 Annual Report Download - page 70

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ITEM 11. EXECUTIVE COMPENSATION
INFORMATION REGARDING EXECUTIVE COMPENSATION
The following table summarizes compensation information for the last three fiscal years for (i) Mr. Jobs, interim Chief Executive Officer and
(ii) the four most highly compensated executive officers other than the Chief Executive Officer who were serving as executive officers of the
Company at the end of fiscal year (collectively, the "Named Executive Officers").
SUMMARY COMPENSATION TABLE
(1) Mr. Jobs was granted 30,000 stock options in his capacity as a director of the Company pursuant to the 1997 Director Stock Option Plan.
(2) Replacement of 250,000, 224,250 and 300,000 options that were previously granted to Messrs. Anderson, Mandich and Rubinstein,
respectively, and canceled pursuant to the stock option exchange program. Other than the replacement options, Messrs. Anderson and
Rubinstein were not granted any options during the fiscal year.
(3) Includes $45,000 in relocation assistance and $5,123 in matching contributions made by the Company in accordance with the terms of the
401(k) plan.
(4) For fiscal year 1997, these amounts represent the values on February 5, 1997 of the Common Stock underlying the Performance Shares
earned by the Named Executive Officers under the terms of the Senior Officers Restricted Performance Share Plan.
The amounts of Common Stock earned by participating Named Executive Officers are as follows: Mr. Anderson - 2,672; Mr. Rubinstein -
1,253. No dividends were paid on the Performance Shares. As of the last day of fiscal year 1997, the Named Executive Officers held no other
Performance Shares or restricted stock.
67
LONG-TERM COMPENSATION
----------------------------------------------------
ANNUAL COMPENSATION SECURITIES ALL
---------------------------------- RESTRICTED UNDERLYING OTHER
FISCAL SALARY BONUS STOCK AWARDS OPTIONS COMPENSATION
NAME AND PRINCIPAL POSITION YEAR ($) ($) ($) (#) ($)
-------------------------------------- ----------- --------- ---------- ----------------- -------------- -----------------
Steven P. Jobs........................ 1998 -- -- -- -- --
interim Chief Executive
Officer............................. 1997 -- -- -- 30,000(1) --
1996 -- -- -- -- --
Fred D. Anderson...................... 1998 604,283 -- -- 250,000(2) 60,123(3)
Executive Vice President.............. 1997 520,311 -- 40,748(4) 850,000(5) 250,489(6)
and Chief Financial Officer........... 1996 252,156 1,275,000 -- 400,000 141,361(7)
Timothy D. Cook....................... 1998 223,953 500,000(8) -- 700,000 90,849(9)
Senior Vice President,................ 1997 -- -- -- -- --
Worldwide Operations.................. 1996 -- -- -- -- --
Jonathan Rubinstein................... 1998 402,095 -- -- 300,000(2) 4,804(10)
Senior Vice President,................ 1997 250,262 100,000 19,108(4) 700,000(5) 1,864(10)
Hardware Engineering.................. 1996 -- -- -- -- --
Mitchell Mandich...................... 1998 402,253 -- -- 424,250(2) 8,118(10)
Senior Vice President,................ 1997 174,348 104,000 -- 565,050(5 11) --
Worldwide Sales....................... 1996