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Apple Grants Jobs Options, Sets Meeting Date

March 17, 1998|Reuters

Apple Computer Inc. co-founder Steve Jobs now has more than one reason to be happy about the recent doubling in the computer maker's stock price. The Cupertino-based company has granted Jobs, who has been leading Apple since last summer, options for 30,000 shares of its stock, the company said in a filing with the Securities and Exchange Commission. Previously, Jobs had held just one share of Apple stock. The company also has set a date for its annual meeting, which will be held at its headquarters April 22. The options, granted under a compensation plan for members of the board of directors, will be subject to a shareholder vote at the meeting. Jobs, who has been Apple's interim chief executive since Gilbert Amelio was ousted last summer, received no other compensation from Apple during its fiscal year ended Sept. 30, the company said. The company's stock fell 44 cents to close at $26.69 on Nasdaq.

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