Apple 2001 Annual Report Download - page 56

Company's acquisition of NeXT. With NeXT, Dr. Tevanian held several positions, including Vice President, Engineering, from April 1995 to
February 1997. Prior to April 1995, Dr. Tevanian worked as an engineer with NeXT and held several management positions.
Section 16(a) Beneficial Ownership Reporting Compliance
Section 16(a) of the Securities Exchange Act of 1934, as amended, requires the Company's officers and directors, and persons who own more
than ten percent of a registered class of the Company's equity securities, to file reports of securities ownership and changes in such ownership
with the Securities and Exchange Commission (the " SEC "). Officers, directors and greater than ten percent shareholders also are required by
rules promulgated by the SEC to furnish the Company with copies of all Section 16(a) forms they file.
Based solely upon a review of the copies of such forms furnished to the Company, the absence of a Form 3, 4 or 5 or written representations
that no Forms 5 were required, the Company believes that, during fiscal year 2001, its officers, directors and greater than ten percent beneficial
owners complied with all applicable Section 16(a) filing requirements.
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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, 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 the fiscal year (collectively, the " Named Executive Officers ").
SUMMARY COMPENSATION TABLE
(1) In December 1999, Mr. Jobs was given a special executive bonus for serving as the Company's interim Chief Executive Officer for past
services, in the form of an aircraft with a total cost to the Company of approximately $90,000,000. This amount was previously reported
as a bonus for fiscal year 2000 in the Company's 2000 Form 10-K and 2000 Proxy Statement. Because the aircraft was transferred to
Mr. Jobs in 2001, the amount of approximately $43.5 million paid by the Company during the fiscal year towards the purchase of the
plane and related tax assistance of approximately $40.5 million was reported as income to Mr. Jobs. Accordingly, the $90 million
previously reported as a bonus in 2000 has been removed from the table above, and the amount reported as taxable income by Mr. Jobs
related to the aircraft during fiscal 2001 is reported as compensation.
Annual Compensation
Long-Term
Compensation
Name and Principal Position
Fiscal
Year
Salary
($)
Bonus
($)
Securities
Underlying Options*
(#)
All Other
Compensation
($)
Steven P. Jobs
Chief Executive Officer
2001
2000
1999
1
1
1
43,511,534
—
—
(
1)
—
20,000,000
—
40,484,594
—
—
(1)
Fred D. Anderson
Executive Vice President and Chief Financial
Officer
2001
2000
1999
657,039
660,414
605,260
—
—
—
1,000,000
—
950,000
7,312
6,750
29,700
(2)
(2)
(3)
Timothy D. Cook
Senior Vice President, Worldwide Operations,
Sales, Service & Support
2001
2000
1999
452,219
451,673
401,940
500,000
—
—
(
4)
1,000,000
—
600,000
7,875
6,352
29,519
(2)
(2)
(5)
Jonathan Rubinstein
Senior Vice President, Hardware Engineering
2001
2000
1999
469,737
451,949
402,200
—
—
—
1,000,000
—
916,668
7,875
6,577
5,888
(2)
(2)
(6)
Avadis Tevanian, Jr. Ph.D
Senior Vice President, Software Engineering
2001
2000
1999
460,873
451,673
401,939
500
—
—
(
7)
1,000,000
—
1,019,580
10,200
10,200
9,600
(2)
(2)
(2)