Apple 2001 Annual Report Download - page 57

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(2) Consists of matching contributions made by the Company in accordance with the terms of the 401(k) plan.
(3) Consists of $22,500 in relocation assistance and $7,200 in matching contributions made by the Company in accordance with the terms
of the 401(k) plan.
(4) A special executive bonus was given to Mr. Cook for accepting the position of Senior Vice President, Worldwide Sales Service &
Support in addition to holding the position of Senior Vice President, Operations.
(5) 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.
(6) Includes $3,465 from the disqualifying disposition of shares of Company stock acquired through the Company's Employee Stock
Purchase Plan and $2,423 in matching contributions made by the Company in accordance with the terms of the 401(k) plan.
(7) Patent award.
74
Option Grants in Last Fiscal Year
The following table provides information about option grants to the Named Executive Officers during fiscal year 2001.
OPTION GRANTS IN LAST FISCAL YEAR
(1) Based on an aggregate of 34,874,440 options granted to all employees during fiscal year 2001. Options granted in fiscal year 2001
typically vest over four years in sixteen equal quarterly increments. Options granted to executive officers including those granted to the
Named Executive Officers, typically vest in four equal annual installments commencing on the first anniversary of the date of grant.
(2) All options were granted at an exercise price equal to the fair market value based on the closing market value of Common Stock on the
Nasdaq National Market on the date of grant.
(3) Potential gains are net of exercise price, but before taxes associated with exercise. These amounts represent certain assumed rates of
appreciation only, based on SEC rules, and do not represent the Company's estimate or projection of the price of the Company's stock in
the future. Actual gains, if any, on stock option exercises depend upon the actual future price of Common Stock and the continued
employment of the option holders throughout the vesting period. Accordingly, the potential realizable values set forth in this table may
not be achieved.
Options Exercised and Year-End Option Holdings
There were no stock option exercises by the Named Executive Officers during fiscal year 2001.
Individual Grants
Potential Realizable Value at Assumed Annual Rates
of Stock Price Appreciation for Option Term(3)
Number of
Securities
Underlying Options
Granted (#)
Percent of Total
Options Granted to
Employees in Fiscal
Year(1)
Name
Exercise or Base
Price
($/Sh)(2)
Expiration Date
10% ($)
5% ($)
Steven P. Jobs
—
—
—
—
—
—
Fred D. Anderson
1,000,000
2.87
%
$
16.8125
1/17/11
$
10,573,291
$
26,794,795
Timothy D. Cook
1,000,000
2.87
%
$
16.8125
1/17/11
$
10,573,291
$
26,794,795
Jonathan Rubinstein
1,000,000
2.87
%
$
16.8125
1/17/11
$
10,573,291
$
26,794,795
Avadis Tevanian, Jr.
1,000,000
2.87
%
$
16.8125
1/17/11
$
10,573,291
$
26,794,795