Apple 2014 Annual Report Download - page 109

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With respect to the computation of TSR, Be
g
innin
g
Price, and Endin
g
Price, there shall also be an equitable and proportionate
adjustment to the extent (if any) necessary to preserve the intended incentives of the awards and miti
g
ate the impact of any stock split,
stock dividend or reverse stock split occurring during the Performance Period (or during the applicable 20-day period in determinin
g
Beginning Price or Ending Price, as the case may be).
In the event of any ambiguity or discrepancy, the determination of the Committee shall be final and binding.
* * * * *
A-3
• “Ending Price” means, with respect to the Company and any other Comparison Group member, the avera
g
e of the
closing market prices of such company’s common stock on the principal exchan
g
e on which such stock is traded for the
twenty (20) consecutive tradin
g
days endin
g
on the last tradin
g
day of the Performance Period. For the purpose of
determinin
g
Endin
g
Price, the value of dividends and other distributions shall be determined by treatin
g
them as
reinvested in additional shares of stock at the closin
g
market
p
rice on the date of distribution.