Apple 2007 Annual Report Download - page 117

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2007, unless the Compensation Committee had provided for the substitution, assumption, exchange or other continuation of such awards.
Director Compensation
The following table presents information regarding the compensation paid during fiscal year 2007 to members of the Company's Board of
Directors who are not also employees (the "Non-Employee Directors"). The compensation paid to Mr. Jobs, the Company's Chief Executive
Officer, is presented above in the Summary Compensation Table and the related explanatory tables.
(1)
Name
(a)
Estimated Total Value
of Equity Acceleration
($)
(b)
Steven P. Jobs
—
Timothy D. Cook
92,082,000
Peter Oppenheimer
69,061,500
Ronald B. Johnson
69,061,500
Tony Fadell
44,580,353
Name
(a)
Fees
Earned
or Paid
in Cash
($)
(b)
Stock Awards
($)(1)(2)(3)
(c)
Option Awards
($)(1)(2)(3)
(d)
Non-Equity
Incentive Plan
Compensation
($)
(e)
Change in Pension
Value and
Nonqualified
Deferred
Compensation
Earnings
($)
(f)
All Other
Compensation
($)(4)
(g)
Total
($)
(h)
William V. Campbell
50,000
—
476,200
—
—
4,783
530,983
Millard S. Drexler
50,000
—
378,400
—
—
7,462
435,862
Albert A. Gore, Jr.
50,000
—
300,300
—
—
15,245
365,545
Arthur D. Levinson, Ph.D.
50,000
—
448,000
—
—
7,592
505,592
Eric E. Schmidt, Ph.D.
—
—
—
—
—
—
—
Jerome B. York
50,000
—
476,200
—
—
4,724
530,924
The amounts reported in Columns (c) and (d) 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). For a discussion of the assumptions
and methodologies used to calculate the amounts referred to above, 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)
The following table presents the number of outstanding and unexercised option awards and the number of unvested stock awards held by each of the Non-Employee Directors as of
September 29, 2007.
(3)
Director
Number of Shares Subject to
Outstanding Options as of 9/29/07
Number of Unvested Shares of
Restricted Stock as of 9/29/07
William V. Campbell
110,000
—
Millard S. Drexler
190,000
—
Albert A. Gore, Jr.
70,000
—
Arthur D. Levinson, Ph.D.
110,000
—
Eric E. Schmidt, Ph.D.
—
—
Jerome B. York
50,000
—
As described below, the Company granted each of its Non-Employee Directors (other than Dr. Schmidt) an option to purchase 10,000 shares of the Company's common stock during
fiscal year 2007. These grants were made on the anniversary of the director's initial election or appointment to the Board of Directors and had the following fair values on the
applicable grant date: Mr. Campbell, $476,200; Mr. Drexler, $378,400; Mr. Gore, $300,300; Dr. Levinson, $448,000; and Mr. York, $476,200. See footnote (1) for the assumptions
used to value these awards.
(4)
The amount reported in column (g) above consists solely of one or more of a limited number of free computer systems and/or additional equipment pursuant to the Board of Directors
Equipment Program.
113