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Technology Stocks : Apple Inc.

AAPL 273.67

+0.6%

3:59 PM EST

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To: Steve168 who wrote (12257)	4/27/1998 9:07:00 PM
From: Eric Yang	Read Replies (1) of 213177

My understanding is that the 17M shares have been reserved for upper management (CEO, COO..etc) and is suppose to be granted over a period of time. The exercise price are at 100% (or 110%) of market price at the time of the grant. My assumption is that the vast majority of those shares have not been granted yet. By the way, after listening to Amelio's 1 hr interview via the link posted here by Scott, I went out and bought On the Firing Line. It was such a interesting read that I finished the book in less than a day. I thought Amelio was very even handed in his book. After praising Jobs for his ability to reignite the Apple flame watching the progress of Apple's recent turn around in recent months, it was all too easy to much of pain during the restructuring onto Amelio. I for one had done some of that myself. But after listening to the interview and reading Gil's book, I've gained a lot of respect for Gil Amelio. He is a intelligent and decent man who truly cared about Apple. The restructuring was more painful and took longer than we all have liked but I think we owe a lot of today's fruits to seeds planted by Amelio. Eric

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