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Apple also admitted that Jobs was aware that “favorable grant dates had been selected,” but then emphasized that he did not benefit from them.[4]
Apple later noted there were two questionable grants to Jobs. One of them, dated Jan. 12, 2000, was not backdated, even though it received approval six days after it actually was granted.[5] Apple’s stock price on Jan. 12 happened to be its lowest level for a six-month period.[6]
Apple noted that the other grant, dated Oct. 19, 2001, was backdated. This grant was approved at a meeting that did not even take place, though no member of current management was aware of the “irregularity,” and resulted in a $20 million charge to the company...
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