Apple 2007 Annual Report Download - page 112

Summary Compensation Table
The following table presents information regarding compensation of each of the Company's Named Executive Officers for services rendered
during fiscal year 2007.
(1)
Name and Principal Position
(a)
Year
(b)
Salary ($)
(c)
Bonus
($)
(d)
Stock
Awards
($)(1)
(e)
Option
Awards
($)(1)
(f)
Non-Equity
Incentive
Plan
Compensation
($)(2)
(g)
Change in
Pension
Value and
Nonqualified
Deferred
Compensation
Earnings
($)
(h)
All Other
Compensation
($)
(i)
Total
($)
(j)
Steven P. Jobs
Chief Executive Officer
2007
1
— — — — — —
1
Timothy D. Cook
Chief Operating Officer
2007
700,014
—
6,943,426
—
700,000
—
13,750
(3)
8,357,190
Peter Oppenheimer
Senior Vice President and Chief
Financial Officer
2007
600,012
—
4,946,610
—
600,000
—
598,723
(4)
6,745,345
Ronald B. Johnson
Senior Vice President, Retail
2007
600,012
—
4,946,610
—
600,000
—
379
(5)
6,147,001
Tony Fadell
Senior Vice President, iPod
Division
2007
500,009
6,750
(6)
3,705,832
628,628
500,000
—
13,952
(7)
5,355,171
The amounts reported in Columns (e) and (f) of the table above reflect the aggregate dollar amounts recognized for stock awards and option awards, respectively, for financial
statement reporting purposes with respect to fiscal year 2007 (disregarding any estimate of forfeitures related to service-based vesting conditions). No stock awards or option awards
granted to Named Executive Officers were forfeited during fiscal year 2007. Detailed information about the amount recognized for specific awards is reported in the table under
"Outstanding Equity Awards at Fiscal Year-End" below. For a discussion of the assumptions and methodologies used to value the awards reported in Column (e) and Column (f),
please see the discussion of stock awards and option awards contained in Part II, Item 8, "Financial Statements and Supplementary Data" of this Form 10-K in Notes to Consolidated
Financial Statements at Note 7, "Stock-Based Compensation."
(2)
As described in the "Compensation Discussion and Analysis" above, the Named Executive Officers' annual bonuses are derived based on the performance of the Company and the
individual executive relative to pre-established objectives for the fiscal year. The target and maximum amounts for each Named Executive Officer's fiscal year 2007 bonus
opportunity are reported in the "Grants of Plan-Based Awards" table below.
(3)
This amount represents the Company's contributions to Mr. Cook's account under its 401(k) plan in the amount of $13,500 and a tax gross-up in the amount of $250 for an iPhone
given by the Company to each of its employees, including the Named Executive Officers, other than Mr. Jobs.
(4)
This amount represents (i) the Company's contributions to Mr. Oppenheimer's account under its 401(k) plan in the amount of $13,500; (ii) a tax gross-up in the amount of $250 for an
iPhone given by the Company to each of its employees, including the Named Executive Officers, other than Mr. Jobs; and (iii) reimbursement by the Company of $584,973 for
payment of a tax liability under Internal Revenue Code Section 409A.
(5)
This amount represents a tax gross-up in the amount of $379 for an iPhone given by the Company to each of its employees, including the Named Executive Officers, other than
Mr. Jobs.
(6)
This amount represents a patent award paid by the Company to Mr. Fadell.
(7)
This amount represents (i) the Company's contributions to Mr. Fadell's account under its 401(k) plan in the amount of $13,500; and (ii) a tax gross-up in the amount of $379 for an
iPhone given by the Company to each of its employees, including the Named Executive Officers, other than Mr. Jobs; and (iii) a tax gross-up in the amount of $73 for an iPod given
to him by the Company.
Compensation of Named Executive Officers
The Summary Compensation Table above quantifies the value of the different forms of compensation earned by or awarded to the Named
Executive Officers in fiscal year 2007. The primary elements of each
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