Apple 1999 Annual Report Download - page 72

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(4) Includes $55,000 in relocation assistance and $5,123 in matching contributions made by the Company in accordance with the terms of the
401(k) plan.
(5) For fiscal year 1997, these amounts represent the value on February 5, 1997 of the Common Stock underlying the Performance Shares
earned by Mr. Anderson and Mr. Rubinstein under the terms of the Senior Officers Restricted Performance Share Plan.
Mr. Anderson and Mr. Rubinstein earned 2,672 and 1,253 performance shares, respectively. No dividends were paid on the Performance
Shares. As of the last day of fiscal year 1997, Mr. Anderson and Mr. Rubistein held no other Performance Shares or restricted stock.
(6) Includes the replacement of 500,000, 50,000 and 200,000 options that were previously granted to Messrs. Anderson, Mandich and
Rubinstein respectively, and canceled pursuant to the July 1997 stock option exchange program.
(7) Consists of $245,497 in relocation assistance and $4,992 in matching contributions made by the Company in accordance with the terms of
its 401(k) plan.
(8) Consists of $24,719 in relocation assistance and $4,800 in matching contributions made by the Company in accordance with the terms of
the 401
(k) plan.
(9) In connection with his employment, Mr. Cook received a one-time hiring bonus in the amount of $500,000.
(10) Consists of $86,049 in relocation assistance and $4,800 in matching contributions made by the Company in accordance with the terms of
its 401(k) plan.
(11) Consists of matching contributions made by the Company in accordance with the terms of its 401(k) plan.
(12) Includes 240,800 NeXT options that were converted into Apple options during fiscal year 1997 in connection with Apple's acquisition of
NeXT.
(13) Includes $3,465 from the disqualifying disposition of the sale of shares of the Company stock acquired through the Company's Employee
Stock Purchase Plan and $2,423 in matching contributions made by the Company in accordance with the terms of the 401 (k) plan.
OPTION GRANTS IN LAST FISCAL YEAR
The following table provides information about option grants to the Named Executive Officers during fiscal year 1999.
OPTION GRANTS IN LAST FISCAL YEAR
(1) Based on an aggregate of 5,955,586 options granted to all employees during fiscal year 1999. Options typically vest in four equal annual
installments commencing on the first anniversary of the date of grant.
68
INDIVIDUAL GRANTS
------------------------------------------------------------
NUMBER OF POTENTIAL REALIZABLE VALUE AT
SECURITIES ASSUMED ANNUAL RATES OF
UNDERLYING PERCENT OF TOTAL STOCK PRICE APPRECIATION FOR
OPTIONS OPTIONS GRANTED EXERCISE OPTION TERM(3)
GRANTED TO EMPLOYEES IN OR BASE EXPIRATION -----------------------------
NAME (#) FISCAL YEAR(1) PRICE ($/SH)(2) DATE 5% ($) 10% ($)
---- ---------- ---------------- --------------- ---------- ------------- -------------
Steven P. Jobs............. -- 0.00% -- -- -- --
Fred D. Anderson........... 475,000 7.98% $34.625 3/2/09 $10,343,351 $26,212,083
Timothy D. Cook............ 300,000 5.03% $34.625 3/2/09 $ 6,532,643 $16,555,000
Mitchell Mandich........... 387,876 6.51% $34.625 3/2/09 $ 8,446,185 $21,404,290
Jonathan Rubinstein........ 458,334 7.70% $34.625 3/2/09 $ 9,980441 $25,292,398