Stock options Articles on TUAW - The Unofficial Apple Weblog

Apple settles options backdating lawsuit

by Robert Palmer (Sep 10th, 2008)

The Associated Press reports that Steve Jobs and other senior executives have settled a stockholder lawsuit claiming they mishandled stock option awards. Insurers representing Jobs and Apple's board will pay Apple, Inc. $14 million, which tidily covers almost $9 million in attorney's fees and ...

Apple, Jobs face new options backdating lawsuit

by Robert Palmer (Jul 2nd, 2008)

In another chapter in the scandal surrounding Apple's choice to back-date options granted to key executives (including Steve Jobs), two plaintiffs have filed a class-action lawsuit in federal court against two former executives and members of Apple's board of directors. Apple was sued similarly in ...

Apple CFO Fred Anderson settles for $3.5mil

by Dave Caolo (Apr 24th, 2007)

Well, it looks like the stock options issue that has been pestering Apple for months now may be over. AppleInsider is reporting today that Apple's CFO Fred Anderson has settled with the Securities and Exchange Commission to the tune of three and a half million bucks. Mr. Anderson denies any ...

Jobs/Pixar cleared of backdating issues

by Dave Caolo (Mar 19th, 2007)

Well, it seems that all of this may blow over...at least for Steve and the Pixar execs. Late last year, Pixar, Steve's other company which he sold to Disney, was forced to take another look at some accounting actions. One of the suggested possibilities was that Pixar's John Lasseter was given a ...

Steve in trouble over stock options deal?

by Dave Caolo (Feb 12th, 2007)

There's some more news today on the stock options story. According to AppleInsider, it has been suggested that Steve gave Pixar director John Lasseter a questionable, backdated stock option bonus. I must admit that I haven't really paid much attention to this story, mostly because it's still ...

Stock Options continue to haunt Apple

by Erica Sadun (Jan 4th, 2007)

With the Macworld keynote still on the horizon, the last thing Apple needs is a few more lawsuits and federal investigations. The San Francisco Chronicle reports that Apple faces a new shareholder lawsuit along with twin investigations by the San Francisco's US Attorney's office and by the ...

Class action lawsuits filed against Apple

by David Chartier (Jan 2nd, 2007)

Just when you think Apple's financial woes have begun to recede, Forbes.com alerts us to a slew of recently filed class action lawsuits that all have the big fruit in their sights. First up is yet another complaint alleging that Apple has created a monopoly by tying iTS purchases to the iPod and ...

Stock options investigation delays Apple SEC filing

by Erica Sadun (Dec 15th, 2006)

Apple's ongoing investigation into its stock option grants has delayed its SEC 10-K filing. The filing, which was due yesterday, may be delayed for as much as a month. If you recall, Apple admitted that employee stock options may have been been backdated. Companies use backdating in order to lower ...

Apple's ex-lawyer retains her own lawyer

by Laurie A. Duncan (Nov 13th, 2006)

Nancy Heinen, Apple's former general counsel who was just replaced by Donald Rosenberg, has retained a Berkley white collar crime lawyer just in case she needs to defend herself against charges resulting from the whole messy options backdating problem. Heinen abruptly exited her post at Apple last ...

Apple may restate earnings as far back as 2002

by Scott McNulty (Aug 4th, 2006)

I'm no stock market maven, but something tells me this isn't good. It would seem that Apple's internal audits have found some 'irregularities' in the way the company handed out options. It boils down to mispricing, I believe, so that people could avoid paying huge taxes on their options. Apple has ...