Apple 2000 Annual Report Download - page 69

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(5) 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.
(6) In connection with his employment, Mr. Johnson received a one-time hiring bonus in the amount of $500,000.
(7) Consists of $111,444 in relocation assistance.
(8) Mr. Mandich resigned from his position of Senior Vice President, Worldwide Sales on October 9, 2000.
(9) Includes $3,465 from the disqualifying disposition of shares of Company stock acquired through the Company's Employee Stock Purchase
Plan and $2,423 in matching contributions made by the Company in accordance with the terms of the 401(k) plan.
OPTION GRANTS IN LAST FISCAL YEAR
The following table provides information about option grants to the Named Executive Officers during fiscal year 2000.
OPTION GRANTS IN LAST FISCAL YEAR
(1) Based on an aggregate of 45,662,484 options granted to all employees during fiscal year 2000. Options granted in fiscal year 2000,
including those granted to Mr. Johnson, typically vest in four equal annual installments commencing on the first anniversary of the date of
grant. Of the options granted to Mr. Jobs, 10 million options were immediately vested and exercisable on the date of grant; 5 million vested in
July 2000; and the remaining 5 million will vest in July 2001.
(2) All options were granted at an exercise price equal to the fair market value based on the closing market value of Common Stock on the
Nasdaq National Market on the date of grant.
(3) Potential gains are net of exercise price, but before taxes associated with exercise. These amounts represent certain assumed rates of
appreciation only, based on SEC rules, and do not represent the Company's estimate or projection of the price of the Company's stock in the
future. Actual gains, if any, on stock option exercises depend upon the actual future price of Common Stock and the continued employment of
the option holders throughout the vesting period. Accordingly, the potential realizable values set forth in this table may not be achieved.
(4) Mr. Mandich resigned from his position of Senior Vice President, Worldwide Sales on October 9, 2000.
66
INDIVIDUAL GRANTS
------------------------------------------------------------- POTENTIAL REALIZABLE VALUE AT
NUMBER OF ASSUMED ANNUAL RATES OF STOCK
SECURITIES PERCENT OF TOTAL PRICE APPRECIATION FOR OPTION
UNDERLYING OPTIONS GRANTED EXERCISE TERM(3)
OPTIONS TO EMPLOYEES IN OR BASE EXPIRATION -----------------------------
NAME GRANTED (#) FISCAL YEAR(1) PRICE ($/SH)(2) DATE 5% ($) 10% ($)
---- ----------- ---------------- --------------- ---------- ------------ --------------
Steven P. Jobs........ 20,000,000 43.80% $43.5938 1/12/10 $548,317,503 $1,389,544,207
Fred D. Anderson...... -- -- -- -- -- --
Ronald B. Johnson..... 1,200,000 2.63% $47.4375 12/14/09 $ 35,799,827 $ 90,723,790
Mitchell Mandich(4)... -- -- -- -- -- --
Jonathan Rubinstein... -- -- -- -- -- --