Backdating options steve jobs

The practice of has engulfed hundreds of companies over the past couple of years, including CNET Networks, publisher of CNET

Backdating occurs when a company's officers assign a grant date for a stock option award that was earlier than the date it was actually awarded, generally to take advantage of a lower stock price on the earlier date.

It has said several times that Jobs didn't understand how accounting for backdating options should be handled and that he didn't profit personally from the backdating.

"Although (Apple's) investigation found that CEO Steve Jobs was aware or recommended the selection of some favorable grant dates, he did not receive or financially benefit from these grants or appreciate the accounting implications," Apple said in a filing with the SEC last December.

Heinen's return of the money with interest and the penalty payment will end the civil suit filed in California federal court by the SEC in April 2007 that would otherwise have gone to trial in 2009.

A two-year criminal investigation into the matter by the U. Justice Department was closed without criminal charges being filed.

Heinen settled with the SEC on August 14, 2008, agreeing to pay a total of $2.2 million to resolve all of the SEC charges against her.

Heinen is to return

Heinen is to return $1.575 million of allegedly ill-gotten gains from the stock options that she received, plus interest, and will pay a $200,000 penalty.She was tough when she needed to be tough, and human when she needed to be human.I would hire her any time in any company." Former boss Jim Pooley described Heinen as "very careful, very straightforward," and that "Everything was straight and by-the-book.The SEC settlement also bars Heinen from serving as a public company officer or director for five years and bars her from practicing before the SEC for three years.She has settled without admitting or denying the SEC charges that she caused Apple to backdate 4.8 million share of stocks in options grants in February 2001 that benefited herself and other top Apple executives and a 7.5 million shares of stock in option grant in December 2001 that benefited Apple executive Steve Jobs.Heinen left Apple shortly before the company admitted to irregularities in its handling of executive stock option dating, and retained two criminal lawyers.

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Heinen is to return $1.575 million of allegedly ill-gotten gains from the stock options that she received, plus interest, and will pay a $200,000 penalty.

She was tough when she needed to be tough, and human when she needed to be human.

I would hire her any time in any company." Former boss Jim Pooley described Heinen as "very careful, very straightforward," and that "Everything was straight and by-the-book.

The SEC settlement also bars Heinen from serving as a public company officer or director for five years and bars her from practicing before the SEC for three years.

She has settled without admitting or denying the SEC charges that she caused Apple to backdate 4.8 million share of stocks in options grants in February 2001 that benefited herself and other top Apple executives and a 7.5 million shares of stock in option grant in December 2001 that benefited Apple executive Steve Jobs.

Heinen left Apple shortly before the company admitted to irregularities in its handling of executive stock option dating, and retained two criminal lawyers.

||

Heinen is to return $1.575 million of allegedly ill-gotten gains from the stock options that she received, plus interest, and will pay a $200,000 penalty.

She was tough when she needed to be tough, and human when she needed to be human.

I would hire her any time in any company." Former boss Jim Pooley described Heinen as "very careful, very straightforward," and that "Everything was straight and by-the-book.

The SEC settlement also bars Heinen from serving as a public company officer or director for five years and bars her from practicing before the SEC for three years.

.575 million of allegedly ill-gotten gains from the stock options that she received, plus interest, and will pay a 0,000 penalty.She was tough when she needed to be tough, and human when she needed to be human.I would hire her any time in any company." Former boss Jim Pooley described Heinen as "very careful, very straightforward," and that "Everything was straight and by-the-book.The SEC settlement also bars Heinen from serving as a public company officer or director for five years and bars her from practicing before the SEC for three years.She has settled without admitting or denying the SEC charges that she caused Apple to backdate 4.8 million share of stocks in options grants in February 2001 that benefited herself and other top Apple executives and a 7.5 million shares of stock in option grant in December 2001 that benefited Apple executive Steve Jobs.Heinen left Apple shortly before the company admitted to irregularities in its handling of executive stock option dating, and retained two criminal lawyers.

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