Apple 1998 Annual Report Download - page 73

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AGGREGATED OPTION EXERCISES IN THE LAST FISCAL YEAR
AND FISCAL YEAR-END OPTION VALUES
(1) Market value of underlying securities (based on the fair market value of Common Stock on the Nasdaq National Market) at the time of
exercise, minus the exercise price.
(2) Market value of securities underlying in-the-money options at the end of fiscal year 1998 (based on $38.75 per share, the closing price of
Common Stock on the Nasdaq National Market on September 25, 1998), minus the exercise price.
STOCK OPTION EXCHANGE PROGRAM
The following table sets forth certain information concerning the Exchange Program, including (i) the name and position of each executive
officer who participated in the exchange program, (ii) the date of any such exchange, (iii) the number of securities underlying exchanged
options, (iv) the per share market price of the underlying security at the time of the exchange, (v) the original exercise price or base price of the
canceled option at the time of exchange,
(vi) the per share exercise price of the option received in exchange for the existing option and (vii) the original option term remaining at the
date of exchange.
70
NUMBER OF SECURITIES VALUE OF UNEXERCISED
UNDERLYING UNEXERCISED IN-THE-MONEY
OPTIONS AT OPTIONS AT FISCAL
SHARES VALUE FISCAL YEAR-END (#) YEAR-END ($)(2)
ACQUIRED ON REALIZED ---------------------------- --------------------------
NAME EXERCISE (#) ($)(1) EXERCISABLE UNEXERCISABLE EXERCISABLE UNEXERCISABLE
--------------------------------- ------------- --------- ------------- ------------- ----------- -------------
Steven P. Jobs................... -- -- 10,000 20,000 157,500 315,000
Fred D. Anderson................. 133,334 3,108,349 33,334 583,332 850,017 14,765,591
Timothy D. Cook.................. -- -- 0 700,000 0 14,743,750
Jonathan Rubinstein.............. 66,667 1,552,661 0 433,333 0 10,918,741
Mitchell Mandich................. 78,717 1,779,641 13,200 608,083 423,852 16,377,545