(1) Shares are subject to a vesting schedule. The shares are scheduled to vest on 03/19/2006, assuming continued employment with the Company until that date.
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> Where did AAPL invest 1,5 bl US$ ????
> by: kapralos
> Long-Term Sentiment: Hold
> 02/06/05 06:22 am
> Msg: 437299 of 437308
> Can someone tell me why and where Apple invested an additional US$ 1,5 bl as
> "short term investments" during Sept and Dec 2004???
> I have not read any news about this recently and I consider it as a MAJOR pool of thought...
Maybe they're buying their own stock, making some profit & driving it up (ask Rubinstein & co.).
Yes, it's a MAJOR pool of tought...
I just hope they are long on themselves :-P
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10-K SEP/25/2004のpp24 より: http://www1.snl.com/interactive/html.asp?F=1644827.HTML&T=AAPL&Y=10%2DK&D=9%2F25%2F2004&S=1&V=DMZ4
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(c) Issuer Purchases of Equity Securities
In July 1999, the Company's Board of Directors authorized a plan for the Company to repurchase up to $500 million of its common stock. During the fourth quarter of 2001, the Company entered into a forward purchase agreement to acquire 1.5 million shares of its common stock in September of 2003 at an average price of $16.64 per share for a total cost of $25.5 million. In August 2003, the Company settled this agreement prior to its maturity, at which time the Company's common stock had a fair value of $22.81. Since inception of the stock repurchase plan, the Company has repurchased a total of 6.55 million shares at a cost of $217 million.
The Company was authorized to repurchase up to an additional $283 million of its common stock as of September 25, 2004. The Company did not repurchase any shares of its common stock during the fourth quarter of fiscal 2004.
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10-Q DEC/25/2005のpp10より: http://www.snl.com/Interactive/IR/4004205/10Q-Q1FY05.pdf
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Stock Repurchase Plan
In July 1999, the Company’s Board of Directors authorized a plan for the Company to repurchase up to $500 million of its
common stock. This repurchase plan does not obligate the Company to acquire any specific number of shares or acquire
shares over any specified period of time. The Company has not engaged in any transactions to repurchase its common stock
since fiscal 2003. Since inception of the stock repurchase plan, the Company had repurchased a total of 6.55 million shares at
a cost of $217 million. The Company was authorized to repurchase up to an additional $283 million of its common stock as
of December 25, 2004.
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Q. What happens if I buy or sell shares after the Record Date and before the
Split Date?
A. If you sell shares prior to the Record Date (February 18, 2005), you will be selling
them at the pre-split price. If you sell shares after the Record Date (February 18,
2005) but prior to the Split Date (February 25, 2005) you will be selling them at the
pre-split price and the shares will trade with a “due bill” (i.e., the shares you trade are
“due” an equal number of shares issuable in the stock split). When you sell your
shares, you surrender your pre-split shares and any shares due. The due bill is
transferred to the new owner of the shares.
If you buy shares after the Record Date but before the Split Date, you will purchase
the shares at the pre-split price and will receive a due bill. Following the split, you
will receive (or your brokerage account will be credited with) an equal number of
shares as a result of the stock split.