Apple 2006 Annual Report Download - page 128

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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)
The following table reflects the aggregated restricted stock holdings for each of the Company’s Named Executive Officers as of the end
of the 2006 fiscal year and the value of such restricted stock based on $76.98 per share, the closing price of the Company’s common stock
on the NASDAQ Global Select Market on September 29, 2006 (the last day of trading for the 2006 fiscal year). The table has been
adjusted to reflect the Company’s two-for-one stock split in February 2005.
(a)
Includes 300,000 unvested restricted stock units that are part of a grant of 600,000 restricted stock units (split-adjusted) made on
March 24, 2004. Fifty percent (50%) of such units vested in March 2006, and the remainder is scheduled to vest in March 2008. Also
includes 300,000 unvested restricted stock units that were granted on December 14, 2005, and are scheduled to
127
Annual Compensation
Long
-
Term
Compensation
Name and Principal Position
Fiscal
Year
Salary
($)
Bonus
($)
Restricted
Stock Award
($)(1)
Securities
Underlying
Options*
(#)
All Other
Compensation
($)
Steven P. Jobs
2006
1
—
—
(
2)
—
—
Chief Executive Officer
2005
1
—
—
—
—
2004
1
—
—
—
—
Timothy D. Cook
2006
696,880
525,000
21,603,000
(3)
—
13,200
(5)
Chief Operating Officer
2005
602,434
600,239
—
—
12,600
(5)
2004
602,632
—
7,650,000
(4)
—
12,588
(5)
Peter Oppenheimer
2006
615,006
450,000
14,402,000
(3)
—
13,200
(5)
Senior Vice President and
2005
552,189
550,202
—
—
21,092
(5)
Chief Financial Officer
2004
450,739
—
6,375,000
(4)
—
3,808
(5)
Ronald B. Johnson
2006
592,476
450,000
14,402,000
(3)
—
—
Senior Vice President, Retail
2005
552,795
550,202
—
—
—
2004
484,836
1,500,000
6,375,000
(4)
—
—
Philip W. Schiller
2006
494,942
375,000
10,801,500
(3)
—
5,769
(5)
Senior Vice President,
2005
402,244
400,239
—
—
5,539
(5)
Worldwide Product Marketing
2004
402,277
—
6,375,000
(4)
—
5,308
(5)
Named Executive Officer
Number of Unvested
Restricted Shares at
September 30, 2006
(#)
Value of Unvested
Restricted Shares at
September 30, 2006
($)
Steven P. Jobs
0
0
Timothy D. Cook (a)
600,000
46,188,000
Peter Oppenheimer (b)
450,000
34,641,000
Ronald B. Johnson (b)
450,000
34,641,000
Philip W. Schiller (c)
400,000
30,792,000