Apple 2005 Annual Report Download - page 108

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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 March 2003, Mr. Jobs voluntarily cancelled all of his outstanding options, excluding those granted to him in his capacity as a Director.
In March 2003, the Board awarded Mr. Jobs 10 million (split-adjusted) restricted shares of the Company’s Common Stock that generally
vest in full on the third anniversary of the grant date.
(2)
Market value of restricted stock units granted on March 24, 2004 (based on $12.75 per share, the closing price of the Company’
s common
stock on the NASDAQ National Market on the day of grant). Restricted stock units generally vest over four years with 50% of the total
number of shares vesting on each of the second and fourth anniversaries of the grant date.
(3)
Consists of matching contributions made by the Company in accordance with the terms of the 401(k) plan.
Option Grants in Last Fiscal Year
There were no options, restricted stock, or restricted stock units granted to the Named Executive Officers during fiscal year 2005.
106
Annual Compensation
Long
-
Term
Compensation
Name and Principal Position
Fiscal
Year
Salary
($)
Bonus
($)
Restricted
Stock Award
($)
Securities
Underlying
Options*
(#)
All Other
Compensation
($)
Steven P. Jobs
2005
1
—
—
—
—
Chief Executive Officer
2004
1
—
—
—
—
2003
1
—
74,750,000
(1)
—
—
Timothy D. Cook
2005
602,434
600,239
—
—
12,600
(3)
Chief Operating Officer
2004
602,632
—
7,650,000
(2)
—
12,588
(3)
2003
617,673
—
—
—
9,929
(3)
Ronald B. Johnson
2005
552,795
550,202
—
—
—
Senior Vice President, Retail
2004
484,836
1,500,000
6,375,000
(2)
—
—
2003
452,404
1,500,000
—
—
—
Peter Oppenheimer
2005
552,189
550,202
—
—
21,092
(3)
Senior Vice President and
2004
450,739
—
6,375,000
(2)
—
3,808
(3)
Chief Financial Officer
2003
402,237
—
—
—
—
Jonathan Rubinstein
2005
552,795
551,239
—
—
12,600
(3)
Senior Vice President,
2004
485,216
—
6,375,000
(2)
—
12,300
(3)
iPod Division
2003
452,939
—
—
—
11,986
(3)